Two observations on these charts.....Not drawing any conclusions.
# XGD goes up & down with POG....Most importantly it somehow peaks & bottoms before POG not the other way round.....In other words it is a leading indicator for future movement in POG.
# The traditional wisdom is that POG conforms faithfully to the strength & weakness of USD....But.....Something very strange has been happening since 2018.....Gold is charting its way up in the face of strong USD......This makes it quite "valuable"in non USD currencies.....I don't have a clue why is this drastic deviation in behaviour .....Is it a good or a bad thing? (could it keep going up with a very strong USD or will it revert back to the usual pattern).....Is gold signaling the end of world?
Here is a chart of POG in AUD in the last 10 years.....Looks good (perhaps too good)
Would be nice to see a comparison chart XGD vs POG in AUD.
The Brains Trust - 2020, page-473
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