Tuesday, March 1, 2011
Au-Canada Dollar ratio
This chart was done 5 weeks ago in NFTRH120, as gold was declining in major currencies. Support was noted then and has since held. It ain't just CAD that gold is rising in. Gold-Euro, Gold-BP and Gold-Aussie have all held support rather nicely. Say, wonder what the herds were doing as gold's CoT report was improving and its public opinion was in the dumper? This is not just a USD thing, although gold looks more bullish there than most anywhere. Ah hell, I'll add that chart too, also from NFTRH120, when the Handle was still forming and everybody was moving on to other areas.