Always look at the bigger picture – even if you in the short term trade, and for these purposes dollar or what is left of it keeps telling us that it might just, for one or another reason, start to move up. We spoke few years ago about “it is very bad here [USsA], but we need to admit – it is worse everywhere else…almost”
As we patiently waiting next baloney country to default Uncle Bucky might see some buying interest…gold will never be a currency no matter what some say and other countries even with their combined efforts are long way away from any meaningful coalition.
P.S. The answer I’d like to know: Can red color be attractive?