rabbit, the problem is that the USD chart looks far worse so if you back both up with fundamentals Gold wins by a country mile.
I am a buyer here of gold and I will keep adding if it goes lower.
IMO it is a no brainer, the USD is on the verge of total collapse and you can bet the Commercials are covering like crazy here.
Friday's COT report will look decidedly bullish IMO, probably the most busllish sincde gold was sub $1k.
Cheers
Add to My Watchlist
What is My Watchlist?