Loading ...A little bit of follow thru this am.
Last read I think from Von Greyrerz was that it would take north of $30K an oz. to cover all the dollars floating around out there, so there’s that. It probably needs to be even higher. They might as well let the price go, we will either have to devalue the dollar or revalue gold at some point in the not-too-distant future.
Watching the Yen this am, up nearly 1% against the dollar. Looks like the dollar may start to resume its down trend. It broke below the 200 dma yesterday, and appears to be headed toward a “death cross” on the charts. At least I think that’s what it’s called.