Please Explain.

Discussion in 'General Precious Metals Discussion' started by Old Codger, May 15, 2013.

  1. Old Codger

    Old Codger Active Member Silver Stacker

    Joined:
    May 13, 2011
    Messages:
    4,782
    Likes Received:
    5
    Trophy Points:
    38
    Why it is that the AUD price of both gold and silver, in the graphs at the top of the page today, are almost identical.

    I have noticed this a few times, and I am confused.

    OC
     
    Old Codger, May 15, 2013
    #1
  2. bordsilver

    bordsilver Well-Known Member Silver Stacker

    Joined:
    May 23, 2012
    Messages:
    8,717
    Likes Received:
    304
    Trophy Points:
    83
    Location:
    The rocks
    The algorithms are bored ;)
     
    bordsilver, May 15, 2013
    #2
  3. grinners

    grinners Active Member Silver Stacker

    Joined:
    Mar 19, 2011
    Messages:
    1,183
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Australia
    Price of G/S and USD are inverse at times.

    Price of USD and AUD are inverse at times.

    Therefore movement of G/S and AUD are the same at times.
     
    grinners, May 16, 2013
    #3
  4. Old Codger

    Old Codger Active Member Silver Stacker

    Joined:
    May 13, 2011
    Messages:
    4,782
    Likes Received:
    5
    Trophy Points:
    38
    Thanks guys, no idea about algorithms.

    I presume they act i unison somehow and buy and sell as required to achieve a desired result.

    OC
     
    Old Codger, May 16, 2013
    #4
  5. possum

    possum Member Silver Stacker

    Joined:
    Oct 12, 2011
    Messages:
    276
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    near lasseter's reef
    Don't know ......Pauline.
     
    possum, May 16, 2013
    #5

Share This Page