Loading ...Regarding Gold? I was just looking at weekly charts here, and looking back exactly one year, I see Gold is pretty much exactly where it was, but the Dollar is a lot higher today at 91, with 81 last year. A good sign in my book.
I suspect the climb to $1900 has increased capacity and production, and even with THAT situation we are still seeing $1200 + or – $50. In other words, the higher production must not be out-pacing the demand.
Gold:
http://finviz.com/futures_charts.ashx?t=METALS&p=w1
Dollar:
http://finviz.com/futures_charts.ashx?t=CURRENCIES&p=w1