Upset in offshore economies, a more financially settled US and the continuing and major
rise in US oil output has stabilized the US dollar and even allowed for a slight rise from
historically low levels. Equities players who have been hiding in gold have been gradually
migrating back to stocks. The rotation has accelerated in popularity recently and is getting
extended. Stocks vs Gold
If you have the view that gold is just another currency alternative, the item below, which notes the strength of the USD, is germane.
ReplyDeletehttp://blogs.stockcharts.com/canada/2013/03/iceberg-dead-ahead-turning-the-titanic-usd.html