Loading ...On a three month view.
USD up since Dec 19, DOWN today:
https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=d1
Gold up since Dec ’19, down today:
https://finviz.com/futures_charts.ashx?t=METALS&p=d1
>>>Its the same on a 1.5 years view:
Dollar up left to right:
https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=w1
Gold up left to right:
https://finviz.com/futures_charts.ashx?t=METALS&p=w1
>>Its the same on a FIVE year view. Lower left to upper right.
US Dollar:
https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=m1
Gold:
https://finviz.com/futures_charts.ashx?t=METALS&p=m1
Whats the answer? Dollars and Gold are both in favor, so far. However if the Dopey/Dollar that provides Dopey/Prices, starts FALLING!!?? Gold will get a huge tailwind.
This is simple crap. The producers in most other commodity businesses like Oil and Food etc CAN over produce if enabled with high prices. But Gold simply can’t be over produced. Granted higher prices can only encourage selling of scrap or existing physical. But generally people tend to hold on when prices are rising. I see that with real estate. T Boon Pickens once said something like…”Why should I sell my one million barrels of oil today when I could sell it later at higher prices.”