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Comment: There doesn't seem to be a connection. Will there ever be?

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SteveMT's picture

There doesn't seem to be a connection. Will there ever be?

About That Supposed Correlation Of The U.S. Dollar And Gold...
7-8-13
One of the most widely accepted truisms in what passes for our financial media is that the dollar and gold are correlated: when the dollar weakens, gold rises, and when gold rises, the dollar declines.

Nice, except this vaunted correlation isn't remotely visible in the charts. Let's have a look. Here is the 5-year chart of the DXY Dollar Index, the most widely quoted measure of the U.S. Dollar:
http://www.zerohedge.com/news/2013-07-08/about-supposed-corr...