Is Gold About to Decouple From the Euro and Rise With the $? – Julian Phillips
Source: http://new.goldmau.com/article.php?id=599Posted on Wednesday, August 27th, 2008 | In Market Commentary
Contributed by: John Lee (http://goldmau.com) -
Gold has moved with the € and in the opposite direction to the U.S.$ for months now. The main reason is because U.S. Investors have linked the performance of the $ to the € as a true reflection of the $ currency value. Of course this implies that the € is the defining currency against which to measure the performance of the $. But is that even reasonable? We think not.
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 About John Lee (http://goldmau.com)
Mr. Lee runs a successful resource focused hedge fund (limited partnership). He is a CFA charter holder and has degrees in Economics and Engineering from Rice University. Mr. Lee has a keen interest in the history of money and economics, and he previously studied under Mr. James Turk, a renowned authority on the gold market. Since 2001, Mr. Lee has researched hundreds of mining companies and personally met with dozens of management teams. He is a sought-after speaker at all major resource conferences and publisher of articles at various online news websites such as Kitco.com. |
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