Seeking Alpha

Zignals'  Instablog

No more beating around the bush! Join us for free at Zignals.com. Huge array of tools for investors including alerts, charts, screener and portfolio Manager. Best of all, create your own mechanical strategies which will eventually be sold in our MarketPlace (iTunes for finance). While in Beta... More
My business:
Zignals
My blog:
Zignals Trading Blog
  • Black Gold Rally Done?

    A weakening dollar will keep commodity bugs aflutter but what can it mean for commodity prices; gold and oil in particular? The chart below shows my June 22nd annotations for the EURUSD which are still in play. If the dollar was to weaken another 10% what impact will this have? EURUSD

    Looking at the historical relationship between oil and gold prices any spike into the upper 20s (ie when gold trades at 25-30 times the price of oil) has been a good opportunity to buy oil. This has shown itself well on the recent spike.

    More »
    Tags: USO, GLD
    Jul 02 07:24 am | Link | Comment!
Full index of posts »
Latest Followers
Posts by Ticker
GLD, USO
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.