2009-01-23

Interesting gold:oil:dollar chart

Chart shows Oil denominated in Gold, Oil denominated to USD index, and below - USD and Gold.
Interesting thing is that from the high, oil fell in similar percentage in both gold and usd (from 0.16 to 0.05 oz or $147-$35). At the same time gold falling ($960-$850 - todays raise not shown) and usd raising ($70-$88).

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