Key News

- The world's biggest central banks are starting to unwind emergency measures introduced earlier this year to stave off a second Great Depression. (Bloomberg)
- German factory orders rose for a seventh month in September. (Bloomberg)

Quotable
"The ideas which now pass for brilliant innovations and advances are in fact mere revivals of ancient errors, and a further proof of the dictum that those who are ignorant of the past are condemned to repeat it."

Henry Hazlitt

FX Trading - Change in Gold-Dollar Correlation
We recently warned of the potential for changing correlations, no sooner was the ink dry than we noticed a a big one concerning gold and the US dollar index...

Have a great weekend.
Jack Crooks
Black Swan Capital LLC
www.blackswantrading