Intermarket Relative Strength Analysis Report For The Week Starting 5/12/19 – Part 2

Three days ago, I wrote,

Intermarket Relative Strength Analysis Report For The Week Starting 5/12/19

which talked about the major assets classes in the world, relative to the US dollar using just moving averages. Why the US dollar, because it’s still the most powerful currency in the world and   over half of all foreign currency reserves in the world are in US dollars.  The results were the following:

implying that Gold was showing strength relative to the US dollar going into this week.

Gold futures rose on Monday as investors increased bets the economy would weaken enough to cause the U.S. Federal Reserve to

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