THE ODD COUPLE
Today Gold is Down WITH the US Dollar
This is happening more frequently
The Dollar and Gold are becoming more and more positively correlated
Today Gold is Down WITH the US Dollar
This is happening more frequently
The Dollar and Gold are becoming more and more positively correlated
Persistent dollar strength has everyone outside the US buying gold as protection.
Large as US economy is, ROW swamps the US.
So $ relief (down) means gold buying backs off sharply.
Only thing that makes sense to me.