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Gold Is Going Nuts, Stocks And The Dollar Are Tanking

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Business Insider
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.

Gold:

chart

And stocks:

chart

Don’t look at the dollar rising against the euro, because the euro has its own issues right now.

  • A d v e r t i s e m e n t

Look at the dollar collapsing against the yen and gold.chart

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This article was posted: Tuesday, November 30, 2010 at 10:15 am





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