This circular relationship is leaving many analysts puzzled as to what's next for the Dollar. Weight of the evidence points to a lower Dollar for now.
A truly weak US Dollar means the clocks ticking on the current bull market in Bonds and subsequently the upward trend in equities.
Gold priced in Aussie Dollar, Yen, and Euro all well above their respective 2011 or 2013 highs.
With all the "dismantling" of the US dollar talk - a weak dollar would certainly aid Gold's move to new all-time highs.
For the past 2.5 years, we've seen a strong dollar and strong precious metals market. USD rolling over, could be the boost this space needs..
If you asked me 2 years ago Snap would be outperforming Twitter by 50% I'd say you're crazy..
Always interesting and fun to pay attention to some of these ratios that do not have broad market implications.
Copper vs. Gold is an intermarket ratio highly correlated to US10Y. Inverse is true of Gold vs. Copper being highly correlated to Bond prices.
Looking to commodities to gain insight into the direction of US T-Bond futures.
So far nothing to write home about..