It looked to be a bold move.
Immediately after the Brexit vote, gold x USDX broke out of the lower circle--a region of phase space to which it had been confined since the middle of 2013, and which it had occupied for about a year until late summer 2011. I was hoping it would be able to make its way to the region of stability in the upper right part of the graph. The trajectory since Brexit is outlined in blue. It just reached the target yellow circle, but has since dropped below it and is destined to return to the larger yellow circle again. What a tease!
Immediately after the Brexit vote, gold x USDX broke out of the lower circle--a region of phase space to which it had been confined since the middle of 2013, and which it had occupied for about a year until late summer 2011. I was hoping it would be able to make its way to the region of stability in the upper right part of the graph. The trajectory since Brexit is outlined in blue. It just reached the target yellow circle, but has since dropped below it and is destined to return to the larger yellow circle again. What a tease!
No comments:
Post a Comment