Gold: Its Time Has Come
By Gary Christenson
GoldSeek.com
Tuesday, 27 January 2015
Governments, confidence, and prices rise and fall. The current collapse in gold prices from August 2011 to November 2014 has been typical for a once-per-decade gold price decline.
What changed? Let’s look at the usual suspect:
The US Dollar was strong during the 1996 – 1999 gold price collapse.
The US Dollar was strong during the 2011 – 2014 gold price collapse.
but
Gold bottomed in early November 2014 and has risen 13% (January 23 close) since then, even though the dollar index has also increased another 9% since the gold bottom.
There is more that will explain the rally in gold prices. By the way, gold is close to all-time highs in several other currencies, even though it is not in US dollar terms.
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