View this week’s chart comparisons of gold against fiat currencies, oil and the Dow for the Money & Markets segment of The Solari Report on Thursday, Apr 2, 2009.
Click here to view all charts as a pdf file.
Previous Money & Markets blog posts: Apr 9, 2009, Mar 20, 2009, Mar 12, 2009, Mar 5, 2009.
Currency charts are from Kitco.com, all others are from StockCharts.com.
Gold vs Oil
Gold vs DOW
Baltic Dry Index
Gold vs Continuous Contract EOD
Gold vs US Dollar
Composite Charts
Swiss Franc
Japanese Yen
Russian Ruble
Canadian Dollar
Australian Dollar
Euro
British Pound
Click here to view all charts as a pdf file.
So many questions looking at these, but the first one that pops out –
Can anyone tell me in almost all the USD compared to other currencies Spot Gold prices there is this divergence that started last year in June? What does that tell us?
The Federal Reserve creates money out of thin air. But what about all the “earnings” and fictitous capital listed on the balance sheets of financial companies that are created due to repeated accounting rule changes… not to mention dozens of facilities created by the FED. Probable an excercise in fultility. But what are peoples thoughts on how much of the cash sitting on finnacial company balance sheets is created out of thin air?
Regards, doug