Tuesday, May 18, 2010
Gold & Currencies
Talk about some crazy crosscurrents; now that the euro has taken the swan dive into extremis and is subject to wild swings both ways, it is best to measure gold against things like the commodity/resource currencies of Canada and Australia. Yup, still bullish over there... but in a much more muted way. We like muted; it allows us to quiet the noise and figure things out.