Monday, November 17, 2008

Charts of the day are...........

.........the three year US dollar chart and the three year dollar:gold ratio chart

(click to enlarge)

Looking at these charts it occurs to me that all the gold buying and supply shortage talked about in goldbugland really has made a difference....

(click to enlarge)

....it's stopped gold from revisiting $600/oz (the price in October 2006).