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macker · 10-21-2009, 11:59 AM

http://www.actionforex.com/technical...2008022737734/

Conclusion:
The better hedge against the US Dollar depreciation is GOLD. The next best thing is OIL and only then you can choose the EURO for this purpose. We think that the fact that GOLD is more a "financial" asset, less influenced by supply and demand pressures like we have in OIL, is the reason of this phenomenon.

10-21-2009, 11:59 AM	#9
macker First Line Centre Join Date: Apr 2007 Exp:	http://www.actionforex.com/technical...2008022737734/ Conclusion: The better hedge against the US Dollar depreciation is GOLD. The next best thing is OIL and only then you can choose the EURO for this purpose. We think that the fact that GOLD is more a "financial" asset, less influenced by supply and demand pressures like we have in OIL, is the reason of this phenomenon.