Every economic indicator in the world is up. Every major traded currency is down against the dollar. But gold is still going up and, at $1664, is less than $100 off Platinum.
Obviously it's not impossible, but it's crazy. Even assuming that gold is floating in a free market - which I doubt - there is no reason for it to be going up with the dollar.
Platinum is down. Palladium is down. Silver is down. But gold is still going up with the dollar. That's wrong. As the dollar strengthens, gold stabilizes. The only reason it wouldn't is if the entire world decided all of their currencies were in the tank, but you get back to the same question. Why is the dollar up against every other currency and gold is still going up?
I ask that for a reason. If every fiat currency in the world fails, they will have to fail against the dollar. If the dollar fails, it will have to fail against .... what? Not PM. The dollar is not pegged to PM. But China's currency is still pegged to the dollar. Hmmmm.....the question them becomes who gains most with a strong dollar? And the answer is - everyone except the United States.
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