Gold in Global Currencies

They say a real gold bull market sees gold rising in all major currencies. The basket of items in the USD bear fund UDN fits the bill in giving a global view of gold’s bull move.

Daily Au/UDN has forcefully broken through a resistance zone we’ve been watching in NFTRH.

gold/udn

Weekly Au/UDN is onboard with the bull view as well.

au/udn

Here is a daily chart of gold vs. the usual currency suspects including the USD index, for what it’s worth. Not lookin’ too shabby, is it?

gold vs. currencies

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