When you look at gold, how is it responding? Well, if the dollar is falling and the dollar’s at a seven-month low, if interest rates are falling and you went through on the 10-year note today, 3.8 percent, got under that at one point.
Now, you gotta pay attention. Why? Because the dollar’s getting lower; it’s cheaper to buy gold in dollars. Number two, interest rates are dropping. Number three, once the U.S. throws in the towel and starts these cutting rates, what happens abroad? Well, they’ll all get the power to do more, and they’re ahead of us in the cuts.
Read the full article here