Hey, Gary. A particularly excellent report this week. Many thanks.
Thank you, Paul. I appreciate that.
Hi Gary, thanky for your report ! One question: You noted the jump of CHF/USD above the 200SMA (Bullmove ?) I remembered anyone mentioning the postitive correlation of Gold and CHFUSD. Maybe also a precursor to the bull in Gold ? Do you know that correlation and if so could you elaborate a bit on it ? Thank you very much !
Hi Aaron, CHF/USD has had a strong correlation with gold from 2001 to 2018. More recently, CHF/USD did not keep up with gold to the upside in 2019 and it diverged negatively to the downside since 2020.
I’ve shown the chart a couple times and it is a divergence I’ve been aware of. It sure does seem like if CHF/USD were to actually go bullish (rather than spike and fail) a tail wind for the gold price would come into play.
Some cool notes from the frog pot this week :)
LOL, Bart. There is nothing like a good laugh on Monday morning! TY. Relax little froggies!
It appears that the Energy froggies are feeling some heat this morning.
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