While everybody looks at #USDollar (essentially the #Euro) for insight into gold & silver price movements, they are not looking efficiently.
Swiss Franc is a much better correlated currency proxy to establish evidence for the #gold and #silver case.
Quarterly Chart
Gold has dwindling correlation with EUR USD (dxy)
Gold has increasing periods correlated with CHF USD
Swiss Franc is a much better correlated currency proxy to establish evidence for the #gold and #silver case.
Quarterly Chart
Gold has dwindling correlation with EUR USD (dxy)
Gold has increasing periods correlated with CHF USD
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅Industry-leading technical analysis
✅Market commentary
✅Trade Tracker
✅Podcast Reviews
Use discount code "TRADINGVIEW" and get a lifetime 50% discount on PREMIUM plans
🔗northstarbadcharts.com/
✅Market commentary
✅Trade Tracker
✅Podcast Reviews
Use discount code "TRADINGVIEW" and get a lifetime 50% discount on PREMIUM plans
🔗northstarbadcharts.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.