Saturday, August 20, 2011

Gold vs. CHF Flat for the past year (Casey's Daily Dispatch)

The franc is way overbought at this point, and has simply moved too far too fast for too long. However, the franc has moved in concert with gold for all of 2011, acting as a magnet for capital fleeing the debt-distressed currencies of the West. This is evident when you look at a chart of gold in Swiss francs versus gold in U.S. dollars.

(Click on image to enlarge)

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