|
PureBytes Links
Trading Reference Links
|
The dollar, gold and CRB are all highly correlated - recent article in TASC
went into some detail on this. I've been watching the dollar closely for
months because I feel that the direction of the dollar is key to the longer
term direction of treasuries, commodities and foreign currencies. What has
not been noticed amid the flight to treasuries is that foreign central banks
have been net redeemers of treasuries to tune of nearly 20% of $650B in
balances a year ago and I suspect this may have something to do with dollar
decline.
Earl
-----Original Message-----
From: Carl Soderholm <Carl@xxxxxxxxxxxx>
To: Omega-list@xxxxxxxxxx <Omega-list@xxxxxxxxxx>
Date: Monday, October 05, 1998 5:20 PM
Subject: Major Change in Trend for Commodities
>Have a look at http://www.linkshore.com/
>
>The market analysis page shows charts for the Dollar Index, Grains,
>Unleaded and Gold all lined up so the dates match up. Looks like the trend
>for all these contracts may have changed in late August when the stock
>market dip got serious.
>
>Has anyone done any work on coincident trend changes in markets?
>
>What happened in late August to cause the change in so many markets?
>
>
>
>Carl
>
|