GOLD 0.51% $1,391.7 gold futures

gold, page-1128

  1. 7,702 Posts.
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    Joe - I think you answered your own question. They track a commodity price, and domestically, are influenced by the currency - i.e. other markets....not other stock markets, but completely different markets....commodities and currencies.
    That's what I meant by saying hey "have a life of their own".
    On this subject of inter-market relationships, there's a seminal book from a leading technician, John Murphy.
    Intermarket Technical Analysis: Trading Strategies for the Global Stock, Bond, Commodity, and Currency Markets Hardcover – March 1, 1991
    by John J. Murphy

    He's basically the founder, the brains, behind stockchart.com which started late 1990's.


 
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