Thursday, March 20, 2008

Gold, the Dollar, and Chicken/Egg Semantics

From the WSJ's MarketBeat blog:

Gold futures are losing some of their luster, lately trading at $928.30 an ounce, a sharp decline from the last close above $1,000, which was just Tuesday, as the U.S. dollar rallies against the euro, Swiss franc and yen. Asbury Research’s John Kosar asked today in his blog, Logic Over Emotion Investing, whether the “collapse in gold” could help the dollar with an overdue bounce.

Or is it the other way around?>>>MORE