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Re Gold Dip

Posted by Mr.Copper @ 12:05 on September 25, 2019  

It looks to me like the US Dollar and Gold are BOTH higher together on 5 year charts. So they are taking turns weaving and bobbing together alternatively along the way. Two or three ways to look at this.

#1 Either BOTH are naturally considered important to have and to hold. Or.

#2 The bankers are un-naturally pushing the dollar higher to subdue or slow, gold’s climb. We saw this 1970 to 1980. 6% to 21% prime rates. While Gold went $140 in ’70  to $800 in ’80. Then the $800 to $250 around 2001 with a “strong dollar policy” ’01 to ’08 probably for importing (more and better welfare for other countries to export, sell to US consumers).

#3 Keep in mind TPTB bankers in general, are always concerned about the gasoline prices hurting the working masses. General public. Take note, the “manipulators” have retail gasoline, and retail diesel fuel, (heating oil) about the same price. That is a TOTAL un-natural distortion of true value.

Note below. Dollar higher than five years ago, note manual, man made abrupt fake adjustment June 2014: Gold should be lower inverse Dopey/Dollar. But tptb suppressed gold for too many years and now the un-natural artificially distorted value low price is righting itself.

https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=m1

Note below Gold higher than 5 years ago even though Dopey/Dollar headwind is higher over 5 years.

https://finviz.com/futures_charts.ashx?t=METALS&p=m1

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.