English: Bracelets at the Dubai gold market (Photo credit: Wikipedia) |
The dollar and the euro have been at war since the day the euro rose above par to the dollar. Now look at the euro chart in terms of dollars. View the transition of the euro to a bull market and the transition of the modest recovery in the dollar re-entering into a decade long major bear market. This is the foundation set in steel that will launch the next major bull phase in the gold price very soon.
When you look back at this multi-month gold market operation you will know what it was all about. Gold mining is a terrific business, truth be known, now being condemned by all the merchants of bullion in the gold community. Who needs enemies when you have such friends right within the community? Bullion is clearly a risk only to price but condemning gold shares is total nonsense utilized by PM scoundrels to market other gold products.
Euro/US Dollar (FOREX:EURUSD)
1.3460 0.0000 (0.00%)
2013-01-26 18:37:57, 0 min delay
1.3460 0.0000 (0.00%)
2013-01-26 18:37:57, 0 min delay
Now look at the Trade weighted US Dollar Index:
2013-01-16: 98.670 Index January 1997=100 Last 5 Observations
Weekly, Ending Wednesday, Not Seasonally Adjusted, Updated: 2013-01-22 3:32 PM CST
Weekly, Ending Wednesday, Not Seasonally Adjusted, Updated: 2013-01-22 3:32 PM CST
The next phase of the Gold Market will be driven monetarily. This phase will take gold to the point whereby marking the gold reserves of the deficit nations to the market move towards balance and balance will be struck.
Every problem we have from national to private is a balance sheet problem. As QE is the only tool to feign solvency, Gold is the only tool to accomplish solvency. Convertibility of fiat paper to gold will not re-occur, but currencies will cease their death rattle as national balance sheets are in fact balanced. ...
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