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Jon Nadler of Kitco.com has a lot of interesting posts. His latest on DBA as a leading indicator of gold caught my eye also, as I've noticed this trend of late. It's since the March top really - prior to March this wasn't true - and since March the 1 exception was in May.
FYI Bob Hoye says that silver is a leading indicator of gold, at least for tops. Bob is a historian in a major sense, so I believe him.
I made a small chart of DBA, GLD, SLV and $USD, to see for myself. Probably as ratio's this would be easier to see. In a long term sense they are indeed coorelated. Matt would know more.
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Jon Nadler of Kitco.com has a
Market Analysis
Posted by zaru on 25th of Aug 2008 at 06:30 am
Jon Nadler of Kitco.com has a lot of interesting posts. His latest on DBA as a leading indicator of gold caught my eye also, as I've noticed this trend of late. It's since the March top really - prior to March this wasn't true - and since March the 1 exception was in May.
FYI Bob Hoye says that silver is a leading indicator of gold, at least for tops. Bob is a historian in a major sense, so I believe him.
I made a small chart of DBA, GLD, SLV and $USD, to see for myself. Probably as ratio's this would be easier to see. In a long term sense they are indeed coorelated. Matt would know more.