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Re Gold Versus US Dollar

Posted by Mr.Copper @ 12:05 on April 20, 2023  

Look at how high the US Dollar was at 114 near the end of 2022.

https://finviz.com/futures_charts.ashx?t=DX&p=d

Then look how low Gold was at that time, $1,600/oz.

https://finviz.com/futures_charts.ashx?t=GC&p=d

When you think about how high the USD was at 114 in late 2022, which is not affordable for the US economy, and Gold was STILL up at $1,600. So we have to ask ourselves will the USD go lower from here at 101 today. Historically the USD was mostly around 85.

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