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macroman3 @ 10:23 on September 26, 2014

Posted by ment17 @ 10:34 on September 26, 2014  

well it seems to me that gold is tied to the hip of the buck.

no an exact correlation but nevertheless a function of the buck;

when the buck goes up in price via the index gold seems to ramp down.. not because of gold selling but because of the natural value of what a dollar can buy at any time in gold and visa versa dollar down gold up more dollars to buy same gold

so if the dollar has a real run up it will directly value the price of gold down because less dollars are needed to buy the same oz.

but why is the dollar going .up. the perceived safety as opposed to the flight away from other currencies into the dollar.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.