Loading ...There was a period in the last decade when both the US$ and gold were strong
If it comes down to physical demand and some point whether the dollar is strong or not it will not matter. If the euro and the yen are going through the floor (which I agree with) some of that money is going to go into physical metals and it is not a large market. Gold and the dollar should rise together and then gold goes to loonie land when it is finally time for the buck to go.
Also the fact that the yen could weaken due to insolvency would be a read through to the US insolvency as well. Stated debt in the is up over 200% since the gold bull began and that is not even talking about entitlement programs.
Technically gold has a shot at getting back into the range even next week. If it does even the bears would have to think.
$HUI down over 75% since the top. Rarefied depths IMO.
Gold is rare unlike coal and some other bombed markets. It should not be viewed as such.