We have been bullish on gold premised mostly on the flawed structural conditions of the global monetary system. Where no country wants to have a strong currency, gold flourishes as neutral currency against these circumstances.
As such, gold’s rise has not been solely against the US dollar but against all major currencies. Gold's performance against key currencies during the past two years in the table above borrowed from one of my favorite analyst John Maudlin.
As such, gold’s rise has not been solely against the US dollar but against all major currencies. Gold's performance against key currencies during the past two years in the table above borrowed from one of my favorite analyst John Maudlin.
The latest rebound of gold in the US dollar is also a worldwide phenomenon, and thanks to Fullermoney.com, we may have a clue on where gold maybe headed for. According to Fullermoney.com, ``This is the first breakout against a reserve currency following the May-June 2006 correction.” Yes, Gold prices breaks out in Yen prices! Will Gold in US dollar follow suit?
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