gold falling again //////\\\\\\ Gold fell again last night, not in US dollar terms mind you, where it rose a token 0.37%. But what use is that rise when the AUD rose more than 1% against the US dollar? Absolutely stuff all. Gold is now only a pathetic $560 Australian. All the currencies which are measured as part of teh US dollar index rose more than 0.37% against the US dollar - the yen, swiss franc, euro, pound and Canadian dollar. That meant in real terms GOLD FELL. I have said it before and gold bugs without a brain just dismiss it as impossible. But until gold rises significantly against other currencies THERE IS NO GOLD BULL MARKET. What gold has been doing recently is ABSOLUTELY USELESS for most investors - whether they own physical gold or gold shares, unless of course they are Americans owning American gold shares. One other question died in teh wool gold bulls. Why does oil, copper, nickel, you name it regularly rise more than 1% in a day? What sort of investment does that make gold when it is a rarity for gold to rise 1% or more in a day?
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gold falling again //////\\\\\\ Gold fell again last night, not...
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