Dollar Up, Gold Down …

I have previously predicted that the dollar would rally at some point in the short-term, and that the dollar’s rise would be correlated with a correction in gold.

Today, the dollar index rose from around 74.7 to 75.934:

And gold plunged about 4%:

However, the Dow was up 23 today.

Does that mean that the inverse correlation between the dollar and Dow was broken? One day does not destroy a trend … it is simply too early to tell.

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