Thursday, November 19, 2009

Currencies versus Gold

for all the hype, major currencies (aside from USD of course) still haven't hit new lows relative to Gold. most are very close, but that's just the thing. several of these patterns look like potential bottoming patterns. not permanent bottoms, but bounces off these archy formations can be substantial.

nothing conclusive right now, but I'll be monitoring these ratios closely from here.