The US dollar is getting mangled. Gold? Well it's only $426. Doing nothing again. Don't ever forget this. There is absolutely NO LOGICAL REASON for gold to rise when the US dollar falls just because gold is priced in US dollars. Gold bulls will recoil in horror at that. they'll call me an idiot and whatever else they can think of. So I'll repeat it so it is absolutely clear. There is absolutely NO LOGICAL REASON for gold to rise when the US dollar falls just because gold is priced in US dollars. The US dollar could fall and the US dollar gold price could do nothing or even fall.
