“The obvious answer is that gold tends to rally when the dollar falls, which is exactly what it has done in the last few weeks,” he wrote Tuesday. “The greater disconnect is that stocks have parted ways [from]a falling dollar, so we have the unusual (for 2011, anyway) situation that the dollar is weakening and equities are in full-on retreat.”
PowerShares DB US Dollar Bullish (NYSEArca: UUP)
SPDR S&P 500 ETF (NYSEArca: SPY)
SPDR Gold Shares (NYSEArca: GLD)
