To hedge $500 a barrel

The cassandras are back with a vengeance it appears.

Someone already asking if oil is headed towards $500. I was laughing with derision when oil was at $85 and my somewhat namesake said it would hit $150.  It did and i ended up eating barrels of humble pie.

Well the issue is not about whether we will go to $500. This piece is about a nice article that has a back-tested proof of a 1:1 correlation between a basket of equally weighted currencies (long) against the dollar(short).   I am not able to lay hands on the original article. And even this chart is not mine. I saved the chart but lost the original article. Visually atleast the correlation looks great...