Nov 30, 2010
This is actually pretty rare. Typically gold has not been much of a hedge against falling equities. Falling dollar? Sure. Equities, not so much.
But what we’re seeing now is mega buying in gold and major selling in equities. This is real flight-to-safety stuff we’re seeing right now.
Don’t look at the dollar rising against the euro, because the euro has its own issues right now.
Look at the dollar collapsing against the yen and gold.
This article was posted: Tuesday, November 30, 2010 at 10:15 am