Loading ...Dollar Schmollar – Who Cares ?
It’s interesting to ponder the Dollar. Will it go up ? Will it go down ? It’s true that a rapidly falling Dollar can assist the ‘apparent’ increase in Golds value BUT it’s way more complicated than that. If the Dollar was heading towards a cycle peak, it MIGHT prevent gold from taking off in a big way. That’s about all we need to know, because in every other situation gold rises and falls regardless of what the Dollar is doing. PM’s frequently couldn’t give a rats ass what the Dollar is doing, so we really don’t need to worry so much. Take a look at this if you’re not sure…
Now You’re talking my language Northstar
Look at long term charts
In 1999 the DX was around the same level as it is now 96
But Gold was 300 ish…..now its 1300 ish
Which proves my point – gold (and everything else priced in Dollars) is going ‘up’. That’s not quite right of course – the Dollar is going down. It’s losing its purchasing power. It can’t do anything else in the long term. In fact, in the long term, the Dollar will be worth ZERO.
That’s why they are buying GOLD right now from China to the Maldives. 🙂
IMO bullion/dollar moves can be very different with respect to corresponding moves of the Miners.