Here, with charts.
bis.org
"About a thousand 'Bugs have lectured endlessly about the
inverse connection between the dollar and gold. When there's
presumably a problem in Europe the players pile into the dollar. "
And what do players pile into if there is a sovereign problem
in Greece, Spain, Portugal, Ireland, Italy, UK, US, Japan?
Correctomundo, gold.
"What happened to the holy inverse connection between dollar and gold?"
Temporarily abandoned due to strong influx of new buyers
from Europe. <g>
"What evidence can you provide that supports any of these
conclusions?"
Latest BIS report warns about unsustainable nature of sovereign
debt in most of G7, with historical comparisons.
"What scare is that?"
Cascading sovereign default, from Greece to other PIIGS, see
link. CDS and spreads on these move together. One falls
after the other, like a house of cards. Then UK falls, then
US. That's the scare, not the reality. -g-
"Gold and dollar topping because of what?"
Improving spreads for PIIGS sovereign debt - the house of
cards temporarily was suspended from toppling in mid-air
since May.
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