"I don't understand it.
Ever since open ended QE3 was announced, gold has stopped dead in it's tracks.
Was it priced in? Surely not.."
johno
The price of gold has been busy, just very deceptive in USD terms.
POG is hitting NEW highs in Swiss Franc, Euro, AUD, and testing previous highs in Japanese Yen and Brittish pound.
The POG, to be considered in a true bull market needs to be trending higher in multiple FIAT currencies, so they take turns hitting new highs relative to exchange rates etc.
One needs to be patient in this game, and look at the whole picture, considering this disease of currency debasement is global.
gold chat, page-5
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