I may be wrong but it seems to me that while gold is valued in US$ it will only be attractive to US investors wanting to find refuge from a falling US$. Unless all currencies were to fall with the US$ - nah what would be the point?
Recent talk of devaluation of the greenback and weakness in the greenback is what has spurred gold. You could possibly get a much better return by buying Yen and waiting for the inevitable.
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gold - uptrend is as clear as the nose on your fac, page-3
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