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the_edge
(Washington, United States)
   
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the_edge
Washington, United States
Posts: 2
15 years ago
Jun 5, 2009 23:54
In Thread: Ashraf's Book: Currency Trading and Intermarket Analysis
Ashraf,

On page 10 of your book you show charts comparing Gold's performance to the various currencies. What formula did you use to make this comparison?? I would like to incorporate a relative performance of the currencies versus gold into my Trading Software to determine strongest/weakest pairs. It would also be useful to use this comparison for adding to physical bullion positons as the fiat currencies go hyper!

Also is it true that the CHF is somewhat backed by Gold? If so how come the CHF does not skyrocket in relative performance to the USD or other currencies?

Thanks

Edge
the_edge
Washington, United States
Posts: 2
15 years ago
May 26, 2009 7:02
In Thread: When Will GOLD Hit $1,050?
VOTE:June

With talk show host like Glen Beck warning America of the massive inflation that is to come due to reckless spending and printing of money the panic has already set in. The US Mint already has huge delays on 1/10, 1/4, and 1/2 ounce Gold Eagles. Supply and demand alone will cause Gold to rise. But the big one is going to be if Moody's or Standard & Poors follows through and lowers the US's credit rating from AAA, we could see Gold gap up overnight $60-$80+/ounce!

I see Gold at $1050 by mid to late June and $1200+ if the US credit rating is lowered!
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