Spot Gold is surging in Asian trading as the dollar is dumped.
Source: Bloomberg
Spot Gold traded above $1930, taking out the $1921 highs from 2011...
Source: Bloomberg
The dollar has crashed to 19 month lows...
Source: Bloomberg
Gold appears to be more and more in favor as an alternative place to allocate wealth amid the growing pile of negative-yielding debt (and note that cryptos are starting to get a bid for the same reason)...
The Fed wants us to believe that we should believe that there will be no inflation out of all this and to me that is a vast unknown. We have America’s fasted peacetime money-growth coexisting with the all-time 4,000-year record lows in interest rates. It’s a most curious and troubling juxtaposition there.”
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