Thursday, February 20, 2020 3:36 AM EDT
Gold is in a major breakout in the Euro and on the cusp in the Yen. Can the US dollar price be far behind?
Gold hit a new record high today for those buying in euros. Let's investigate gold in US dollar terms and in the Yen.
Gold
Gold Priced in Yen
One Hell of a Ride
That's one hell of a ride. If you bought gold in Yen in 1980 you are still underwater.
Wow.
Where to in US$?
Gold is roughly $300 away from a record high in US dollars.
I expect it to top that easily within a couple of years and by the end of 2020 would not surprise me in the least.
Fed monetary printing and US deficits are out of hand.
Disclaimer: The content on Mish's Global Economic Trend Analysis site is provided as general information only and should not be taken as investment advice. All site content, including ...
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Disclaimer: The content on Mish's Global Economic Trend Analysis site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.
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