Quote:
Originally Posted by iGoR
PS. I'm the DUDE who talked to you about the BUND futures and correlation between BUND and FDAX  |
You know something? I thought it might have been you. Futuremaster or something similar.
I distinctly remember you talking about bund on one of your threads before and since that time I had never encountered anyone else speaking of it until just the other week.
I couldn't agree more with the whole correlation thing. It won't last forever.
Maybe next year Euro will be closely matched to Soybeans or Pork-bellies, but for the minute, it's Gold and Gold doesn't get much of a free ride north if The Lord of Darkness, Cude, is travelling south.
Here's a daily chart of Gold in the middle EURUSD at the top and USDCHF at the bottom. Euro has been pretty good at following Gold this last year, whilst Swissie has been doing the opposite.
I know you know this but for the benefit of other readers I post the picture anyway.
Until such time as this link is severed I will continue to milk it.
Once the correlation diminishes we'll have to get our heads together and move to plan B.
Keep up the good work.