The $US is rising but the PoG in $US terms is holding around the...

  1. 7,594 Posts.
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    The $US is rising but the PoG in $US terms is holding around the 1730 mark.... which seems to show support for gold. Gold started on the down trend when the first vaccine was announced and the reopening theme began... the third wave in Europe is because of the variants in Covid (and more different ones are now also being reported) so I think the next 6 months will bring less growth, a return to bonds (and perhaps the $US) and gold will catch a bid.

    I notice that BitCoin has stalled in momentum... if some of the steam has come out of that gold will be the alternative.

    p.s. I saw your post.. but.. to tag you have to use the whole avatar name
 
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