I'd have to guess that what we are seeing is the devaluation of the dollar by international standards, nations are backing away from the buck.
We've posted many reports of how the Chinese and the Russians are avoiding the U.S dollar and to no surprise, ... many other nations are doing the same, .. and as you know, as do all the folks here, ... that the world is pissed at this administration.
So in my opinion, yes, at one time the U.S dollar was the benchmark, ... but anymore, and with the way things have gone and are still going, ... I cant see our dollar dominating any longer. Whats going on in the Middle East today is our last straw, ... this administration is down to its last wild card (Oil and Petrodollar). Whats going on overseas is not incidental, ... Ha! ... its desperation.
Here is how our dollar is doing, probably heading back down to the $79.50 range next, its now at the only base it has left ($80.50) before dropping to the lows.
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Gold should be on the move right now, ... but instead, ... its going sideways.
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