Friday, January 16, 2015

Today's Must-See Gold and Dollar Chart

The US dollar continues to surge as shocked Europeans flee to the Greenback.  FX firms that played the Swiss Franc are going bankrupt

Remember also, the Ruble is collapsing, too.

But guess what else is holding up fine? Yep, gold. Even when it's priced in dollars. Because, as you've heard me (and others) say time and again, gold is the hardest of currencies.
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(updated chart)

When the dollar finally takes a breather -- as it must -- what do you think will happen to gold? Gold usually moves INVERSE to the US dollar. I'd say gold has a chance to go ballistic.

We'll see how it plays out. Exciting times.

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