Another day, another new high – Gold hits $1563 an oz.

Gold is up another $7 today or 0.41%, while the US dollar is down 0.27%.  This means that in real terms, gold is up 0.5% today.   On Wednesday, the Federal Reserve reiterated its commitment to destroying the US dollar – it appears its working.

It is important to remember that all things are relative.  The DOW is “up” 0.4% today, relative to dollars it is up only 0.13%.  Priced in gold it is basically flat.

 

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