Commodity Trade Mantra

Posts Tagged ‘Devaluation of the Dollar’

Gold’s Price Movement is not a Gold Story. It’s a Dollar Story

If gold went from $1,900 an ounce to $1,100, to me, that’s a 50% increase in the value of a dollar. If gold goes from $1,100 to $1,500, I would think of that as a devaluation of the dollar. What that tells me is the story is really about the dollar. So what’s happening to gold is not unique to just gold. It’s something that is affecting all of the other commodities & currencies.

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