Quick and to the point.The euro fell below 1.3700 against the US...

Quick and to the point.

The euro fell below 1.3700 against the US dollar. Instead of gold falling because the euro fell against the US dollar, the gold price made a strong gain.

This is what competing currency devaluations are all about.

One major currency gets into market difficulties and weakens against other major currencies - gold rises.

Then another major currency gets into market difficulties and weakens against other major currencies - gold rises.

Gold is left standing as the NUMBER ONE CURRENCY.