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Hi lorne. I may be wrong, but I believe that the U.S. $ peaked at just over 154 Yen last summer. It dropped below 110 Yen yesterday. Gold hasn't moved. Worse, gold hasn't moved on war, impeachment, Asia crisis, the Euro, Russian default, a market correction, or supply/ demand. Gold doesn't appear to move as either a currency or a commodity. The only reliable signal IMO that it has given out is that it will move in the opposite direction to ALL events that it has traditionally rallied in. Inflation is the only item, so far, that is left to be tested. I'm always hopeful, but something just don't smell right . |
