There seems to be an inverse correlation between XAUUSD
and US30. Interestingly Gold
began taking off before the recent mini-crash. OBV on Gold
was steadily rising whilst OBV on US30 was falling (even while price was recovering). BREXIT has caused deep uncertainty in a number of markets. GOLD
has always been a major safe haven. We saw this at every major world financial crisis. They can't just print the stuff or do quantitative easing on GOLD
- can they? LOL. I'm short on US30 and I've been happily long on Gold
. My stop losses are in the right places relative to my account size. Cool.
no liabilities accepted for losses arising by relying on this post.