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"What's better: gold or gold mining stocks?" I'm asked this question often at cocktail parties, but people aren't always pleased with the answer I give: "It depends."

For most of the past 12 months, gold stocks had the upper hand, at least as measured by the ratio of the two most popular exchange-traded funds tracking mining shares and bullion. In February 2009, the price of the SPDR Gold Shares Trust (NYSE Arca: GLD) was nearly 2x higher than that of the Market Vectors Gold Miners ETF (NYSE Arca: GDX). But over the course of the ensuing seven months, GLD's price multiple sank in stair-step fashion toward 2x, indicating greater price appreciation in gold stocks than in gold itself.

GLD/GDX Ratio

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EUR/USD

The Euro pushed above 1.40 against the dollar during Wednesday, but was unable to sustain the advance. Initial support from approval of the Greek budget deficit reduction plan was countered by a generally pessimistic tone from EU member Almunia who stated that the Greek position was very difficult. There was also a decision by the Greek unions to back a strike plan which undermined confidence in the government’s ability to deliver spending cuts.

The very fragile sentiment was illustrated by the Euro falling sharply on rumours of a Spanish credit-rating downgrade and confidence is likely to remain fragile.

The US economic data was generally close to expectations with the ADP report, recording ...

Recently we have been in a nice downtrend on the British pound overall as a currency. On top of this the Japanese Yen pairings have been rather volatile, but overall maintaining a rather tight range by long term chart standards. As London opened today we were seeing clues of continued GBP weakness, but in addition a little JPY strength to add to it across all of the Yen pairings. So this led us to zoom in very tightly to all Yen pairs, but particularly the GBP/JPY, as a perfect marriage of Weak+Strong was taking place. In this video I show in detail how we handled the breakout on the GBP/JPY which ended up dropping all throughout the London market until the British rate announcement arrived in the morning. The entry was not too difficult to ...

[B]The dollar is storming through the charts and making gains everywhere before the major release of the [URL="http://www.forexcrunch.com/time-for-a-positive-nfp/"]Non-Farm Payrolls[/URL]. Not all currency pairs are equal – some are more vulnerable than others and approaching dangerous levels. A nice gain of jobs in the Non-Farm Payrolls could push them off the cliff. Here’s a quick update on three vulnerable currencies:[/B]


[LIST=1][*][B]EUR/USD[/B] – Key level: 1.3750. It’s heading down also on internal problems from various countries. 1.3750 is a strong support line, but the weakness is huge and it could fall off the cliff. If so, the next stop is 1.3420.[/LIST]
Read the rest about the [URL="http://www.forexcrunch.com/3-vulnerable-currencies-towards-the-nfp/"][I][B]vulnerable ...