gold, page-2275

@Wombat and unclepanda

i think you need to adjust your framework for gold analysis from being so USD centric

the Chinese situation, Europe, Japan and increasing deflation throughout wider asia increasingly mean gold will be supported regardless of if USD is increasing.

Of course if the US pulled the trigger on several rate increases then it would significantly impact US demand for gold assuming continued low inflation.

But absent that we are likely to see USD increasing via safety buying of USD treasuries - at same time as we see USD gold price rise for the same reason

I do happen to think US is rollign over into zero/neg gdp growth as the price for not having invested in croporate earnings growth - ad that will end up driving USD further doewn. But it should rise first before that happens on safe haven buying - and inf act appears to be doing so

my 2c