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US dollar has rallied from 76.06 to now 78.34 in a week or so.
Gold has fallen from 912 last friday to around the 870's but maybe has a lot further to correct once NY opens tonight we may see the sell off correct to 860 ish.
I'm only saying this because the dollar has rallied from 77 to 78+ in the last 24 hrs. thats a huge spike, but gold hasn't budged
meanwhile the Euro and oil are copping it on Fortis news but gold is still to correct..
Anybody thinking the same tonight or are we thinking that we are decoupling from the greenback.
there is interventions and all kinds of props going on to confuse the lot of us as to where this is headed
remembering,
In June the gold low was about 860's whilst the $US was around 72ish whilst oil was above $120
gold is either behaving more like a currency or it's overvalued again and needs to give back about $50