Gold, Silver and Swiss Franc
While everybody looks at #USDollar (essentially the #Euro) for insight into gold & silver price movements, they are not looking efficiently.
Swiss Franc is a much better correlated currency proxy to establish evidence for the #gold and #silver case.
Quarterly Chart
Gold has dwindling correlation with EUR USD (dxy)
Gold has increasing periods correlated with CHF USD
Swiss Franc is a much better correlated currency proxy to establish evidence for the #gold and #silver case.
Quarterly Chart
Gold has dwindling correlation with EUR USD (dxy)
Gold has increasing periods correlated with CHF USD
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Use discount code "TRADINGVIEW" and get a lifetime 50% discount on PREMIUM plans
🔗northstarbadcharts.com/
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