GOLD vs USD current and Historically
USD strong and going higher should not concern gold investors.
Recent trend:
June 1 st: Gold @ $ 1320
Sept 9 : Gold @ $1515
Gold 14% higher.
USD in same period:
June : 98
Sept 9 : 98.35
Practically same.
Look at historically in 1976 to 1985 USD double You would say USD was in longterm UPTREND and gold should have been shunned.
AND yet During same trading cycle 1976 to 1985 Gold zoomed to highest ever $850.
Compliment of Sir Fully: