Loading ...Below, Gold: Up in march, then choppy lateral, and today bouncing off prior support area.
https://finviz.com/futures_charts.ashx?t=METALS&p=d1
Below, Dollar Index: Up in march, then choppy lateral, and today bouncing off prior support area.
https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=d1
Does this abnormality mean we have to love and support the dopey/dollar that normally provides dopey/prices?
Or is this another major reversal of the past? And now BOTH dollars and Gold are the most important hedges for the future? Think about it. In a DEFLATION, dopey/dollars will gain value against purchases. And with higher Gold prices, you can always convert gold coins for cash. To purchase cheaper things, like HOUSES and CARS. 🙂
In around 1980, you could cash in a $1,000 face value bag of junk silver coins, and buy a house. Houses were cheap with 18% AR,Mortgages, and Silver got very high after 1971 as the de-pegged US Dollar had questionable value. And the dumb as a stump Fed Head Paul Volker, raised the prime rate to 21% to make people sell everything, get dollars, and buy 5 year CD bank deposits.
The CLIMBING prices of the 1970s was called inflation, (increase in money supply) but in reality the higher rates were deflation. (contraction of money supply as money was deposited OUT of circulation) and far less to no borrowing for cars and houses with such high rates.
The increase in money supply 1934 to 1971 (end of low rates and high borrowing/spending) caused the climbing prices in the 1970s, that the Fed was fighting against, by sucking money OUT as the old inflation results were showing up in the 1970s.
You won’t see this type of view and opinion above in ANY Financial Media. They either don’t want to educate anybody? Or they are just ignorant and not observant.