There is an inverse correlation between$Gold Futures(FEB5) (GCmain.US)$and the$USD (USDindex.FX)$. On some days or weeks the correlation is not as apparent as other times. But if you follow gold and the dollar then this correlation would be obvious.
The fact that it is traded as a currency pair on forex markets makes this inverse correlation a strong pattern that rarely changes.
Currency markets just opened up and, wouldn't you know it, gold is down and the dollar is up.
The data is out there all over the place. Even google will tell you.
Source: Google
Please if I can have a few more seconds of your time then indulge my curiosity in the comments section by answering these simple questions. How long have you been investing? Did you know about this inverse correlation between gold and the dollar? If so, then how long have you known this? Leave your anser in the comments section.
solo invest
:
I've been investing for about 5 years. I learned about this inverse correlation a couple years after I started investing. I wish I would have known this on day one. It's good to point this out to the new investors
SpyderCall
OP
Skyyd
:
have you noticed how the dollar has been dropping the past couple weeks and gold has been ripping. This is very profitable and investable info. It seems like basic knowledge but you could have made a lot of money going long on gold over the past couple weeks.
solo invest : I've been investing for about 5 years. I learned about this inverse correlation a couple years after I started investing. I wish I would have known this on day one. It's good to point this out to the new investors
SpyderCall OP solo invest : i wish i knew this on day one as well
Skyyd solo invest : Why is this important?
SpyderCall OP Skyyd : well for example if you wanted to go long on gold then you would want to at least wait until this dollar rally is over.
MonkeyGee : Yes, I know the inverse collation of Trump vs Biden stock market!
SpyderCall OP MonkeyGee : lol. big difference between the two markets for sure
SpyderCall OP Skyyd : have you noticed how the dollar has been dropping the past couple weeks and gold has been ripping. This is very profitable and investable info. It seems like basic knowledge but you could have made a lot of money going long on gold over the past couple weeks.