.. gold is *not* a currency -- yet! ...

  1. dub
    33,892 Posts.
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    ".....The fact is that gold is NOT YET perceived by the mainstream markets as anything other than a commodity - as evidenced by the following ratio chart of Gold divided by the $CRB

    This is not an opinion. It is a "hard fact". Gold has not been outperforming relative to commodities. It is therefore NOT, repeat NOT yet perceived by the market as the "currency of last resort"
    .... "


    That's an excerpt from Brian Bloom's latest article. As always, he's a good read IMO.

    The full article, Trading Price Objectives, is at http://www.gold-eagle.com/editorials_04/bloom031604.html .


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