Loading ...On this chart, the US Idiot Dollar is pretty much at the same value as 2000:
https://finviz.com/futures_charts.ashx?t=DX&p=m
On this Gold chart, is Gold the same value as it was in 2000?
https://finviz.com/futures_charts.ashx?t=GC&p=m
I don’t see any problems with Gold’s price with todays values. Also by the way, Gold’s all time high at $2,065 on May 4th only 2 weeks ago or 10 trading days ago is only 5% lower.
My guess is the futures traders and all were looking at the same charts and looking at the two prior $2000 highs, one in August 2020 and the 2nd one in March 2022, and figuring a typical drop would unfold and actually made it happen. My guess is everybody might get fooled this time around, and this correction won’t be anywhere near as long as the prior two, and we’ll see new highs above $2100.
https://finviz.com/futures_charts.ashx?t=GC&p=w