Nice Chart from Biiwii this morning

Check out this link on which you'll find a smart graphic from the meisterchartman, Biiwii Gary. It's all about the S&P index and the dollar, so not the normal LatAm fare you find here, but I reckon it to be a very astute observation.

I'm not pasting it here, you can go over and see it at the source. Daylight come an' me wanna go home.

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).