I’ve seen a number of articles lately from various sources stating that essentially the Chinese government is now in full control of the price of Gold. Admittedly, from mid-June through mid-August of this year, the price of gold moved . .
Is Gold’s Historical Correlation with the Australian Dollar and Swiss Franc Predictive? Historical Price movement in Gold is quite similar to price action in the Australian Dollar, especially since late-2008. Gold is also highly correlated with the Swiss Franc, especially since mid-2013. Recently, notice that during Gold’s April-August plunge, the Swiss Franc moved sideways. Then, in mid-August, the Swiss Franc stopped basing and started moving strongly to the upside. Gold has also moved upward since mid-August, although it has lagged the Swiss Franc in aggressiveness. Now let’s look at the AUD/USD currency pair from an Elliott Wave and Hurst Cycles perspective, first on a weekly chart.
Did a 9-yr cycle trough just occur in the NZD/USD currency pair? I’ve been tracking the NZD/USD currency pair using both the Hurst nominal model and the gold 7.4-yr model for quite some time now. One would think that this pair would work nicely with the 7.4-yr gold model, since gold and the down-under currency […]
Elliott Wave and Associated Fibonacci Analysis of the AUD/USD Currency Pair (by Sid from ElliottWavePredictions.com)
Elliott Wave and Associated Fibonacci Analysis of the AUD/USD Currency Pair (by Sid from ElliottWavePredictions.com). The Aussie is nearing a area of strong support. Since Gold and the Aussie are often highly correlated, Gold could easily follow a similar roadmap. Often, the stock “ASA” can be used as a proxy for Gold. See the potential […]