Why are Gold and EUR Diverging? -- MrSwing

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Why are Gold and EUR Diverging?
Jan 24, 2009

Tim Knight

Slope Of Hope
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I'd be interested in knowing the group's opinion about the graph below. It used to be, I think, that gold and the EUR/USD moved in lockstep. Over the past month or more, these two have gone their separate ways. I'm confused, because looking at gold, I want to short it (and I have), but looked at the EUR/USD, I am bullish. This seems contradictory. Opinions?