Gold and the Dollar

/Gold and the Dollar

Gold and the Dollar

By | 2017-08-18T17:04:37+00:00 July 3rd, 2013|Uncategorized|4 Comments

An interesting relationship:

 

gold

 

Thoughts?


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About the Author:

Wes Gray
After serving as a Captain in the United States Marine Corps, Dr. Gray earned a PhD, and worked as a finance professor at Drexel University. Dr. Gray’s interest in bridging the research gap between academia and industry led him to found Alpha Architect, an asset management that delivers affordable active exposures for tax-sensitive investors. Dr. Gray has published four books and a number of academic articles. Wes is a regular contributor to multiple industry outlets, to include the following: Wall Street Journal, Forbes, ETF.com, and the CFA Institute. Dr. Gray earned an MBA and a PhD in finance from the University of Chicago and graduated magna cum laude with a BS from The Wharton School of the University of Pennsylvania.
  • Carl Rakes

    Gold started tumbling when early cyclical (IPD, XLY – foreign, US cons discretionary) started diverging from late cyclical (IRV, IRB – foreign, US materials). Market (not econ indicators) is saying rising growth with falling inflation, so with threat of low inflation and background of fed QE taper talk, gold should fall. How’s that?!

  • Carl Rakes

    … “IRB” should be “XLB.” Also, look at the Yahoo charts set to max. You’ll see gold marched to its own tune until the divergence. Then it followed the negative spread of materials to discretionary down. I think the dollar is a bit spurious here… the dollar is reacting to tapering/rising rates while global rates (esp euro) are held constant…