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<p>[QUOTE=&quot;Zuhara, post: 857163, member: 23099&quot;]That handy inverse correlation between USD weakness and gold strength, and vice versa just isn&#039;t working the way it used to <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />. Factors to consider: the US dollar isn&#039;t really strengthening, it is the Euro which is weakening. So gold (and to some extent oil), are still rising despite apparent USD strength. But if you compare the USD to the Australian and Canadian dollars (the so-called commodity currencies) the USD isn&#039;t doing so well. </p><p>&nbsp;</p><p>So if you bought gold last year in Australian dollars, you&#039;ve lost money. And Canadians are already talking about coming down to the US to pick up bargain property with their stronger dollar. Not something the US papers like to talk about so much <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />. </p><p>&nbsp;</p><p>So you have to look at gold as any one of a pair of a number of currency crosses, not to mention all the other imponderables...[/QUOTE]</p><p><br /></p>

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