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Re Gold Relative Strength Versus US Dollar Index

Posted by Mr.Copper @ 13:05 on July 28, 2022  

Look at the 2012 2013 high around the $18oo line, with a 75 Dollar index remember that.

untitled (mrci.com)

Now below here, look where the dollar was around 2012 around the 70 line and gold around $1800.

untitled (mrci.com)

So we had a low 75 dollar with $1800 gold, and now we have a high 106 dollar and STILL with a $1800 teflon gold. This to me is very telling and profound. The higher Dollar should have pushed Gold back down to $1400 or lower. So the high 106 dollar today makes Gold very very under priced at $1800. Maybe should be $2500 by now if that Idiot dollar wasn’t so high. So basically, the dollar is losing respect and had no sucess pushing gold down.

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