If you like gold

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…you will like the $13 gain today.

And you will also like this gash-worth science video inside the Bank of England vault where they evidently store $315B worth of gold in a dreary room stacked on industrial shelving.

Here is a chart of cable vs gold. It seems correlated but the daily statistical correlation for the past year is just 0.330 while EUR vs gold tracks at 0.508.

Author: Adam Button

Adam Button is the managing editor of ForexLiveâ„¢. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.

8 Comments

  1. I am waiting to SHORT it at 1740-50, if it gets there. I don’t know why, but I find it easier to SHORT than to BUY GOLD this year!! :-)

  2. That’s some Barnet he’s got.
    I take it this vid was made before the one eyed Jock flogged it all at the bottom of the market?
    Those shelves are now filled with Prince William commemorative wedding plates and tea towels which they hope will be worth more than gold in 100 years.

  3. The BoE vault is a timely reminder, Adam.
    It would be interesting if you could overlay a cable chart with gold (please) for the last 16 months or so doncha think ;)

  4. only 15days left for trading this year as per ur shorting plan it looks like upto 1750 then back down..u got patiences bhaijaan..lol

  5. I wish I could get my hair to go like that. ;)

  6. For you lilac, anything.

  7. Cor thanks Adam :)
    Just that cable traders need all the help they can muster ;)

  8. Cable is the currency pair of SATAN himself!!

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