Quote Originally Posted by thriftyandboringinohio View Post
The dollar may be strong compared to other currencies but today it takes 1,500 of them to buy an ounce of gold.

With capital sloshing around the world looking to protect itself not a surprise both the US$ and gold are rising. The gold market isn't deep enough to absorb much of the haven seeking flows.

We all know the real move in gold (and oil) will be when the US$ trend reverses. But is that next month? Next quarter? Next year? Or years away?

Will this Administration do something really reckless by way of a policy mistake in its efforts to get re-elected, thus triggering the sentiment change needed to shift the trend? (Will it even need to given the feckless suite of candidates the Democrats have thus far fielded?).