finally some cracks in the rally, page-49

Gold has held up better than I expected despite the rally in equities. I guess everybody just cant get away from the fact that you just cant print gold.

Also, the AUD has rallied compared to other currencies. It looks like the carry trade is putting money here to escape the falling USD.

So I expect gold will be the next thing to rally. Nothing can hold it back now. Too much money trying to escape the falling USD.

But we are at a critical point. Cant rule out the FED getting up to its old tricks to prop up the dollar.