Monday, January 23, 2017

Gold to rise in Euro and Yen terms

No one anywhere should be surprised by this weakness for after nearly a month of quietly stronger prices, some correction is to be expected.

Many are blaming gold’s weakness upon the comments from Ms. Yellen ... and we shall not discount her comments… or theirs either… but gold was already showing some signs of ‘tiredness’ before Dr. Yellen took the stage.

Bullish Dollar and Gold

Why would we wish to use a currency… the dollar…which we think shall rise in value to buy gold when we can use currencies that we believe shall weaken to do the same thing.