Gold and the dollar moving together—a story to fit the facts 

The great thing about investing is that you can always find a good story to fit the facts and often your own opinion. And when you add the gift of hindsight you can really weave a good one. Of course these stories are what lead to over‐ and under‐shoot in asset markets; we all know that personally now. But a pattern that continues to perplex us (among many) is the gold‐dollar relationship at late—they are moving in lock‐step up together.