I think we can expect to see the same pattern emerge in the next crash - everyone rushing out of equities and risk into cash and the USD again.
So the USD becomes the performing global currency again.
Gold may actually drop to USD$800/oz initially as the yanks start to liquidate, and even gold isn't spared initially in the switch to cash.
But Here in Australia
.. it should set the scene again for gold to perform in AUD terms with a weak AUD dollar(back to the 50-60 cents range again ?).
In a crash, commodities should be smashed again .. we are a commodity based economy our currency will be clobbered - so our exchange rate should be especially affected.
Our currency should be going rapidly one way (down) whilst the USD goes the other (rises).
The exchange rate affect should be especially amplified in Australia and should propel gold in AUD terms - as it did in March even though gold did little in USD terms.
It happened before - it should happen again.
We are in Australia .. forget the yanks and their meaningless charts !
