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RE: Are Central Bankers Ready to Remove the Punch Bowl?
Seen the action in the dollar index and gold today? So when the US dollar rallies, gold goes down. Yet when the dollar gets hammered, gold struggles to scrap together a $2 move up. The central banks really have done a fabulous job of killing the gold bulls spirits
@pjw I noticed gold did not go up as much as the dollar index went down but. in the short term, sometimes that happens. The dollar weakness was pronounced against euro and pound but the dollar actually went up against the Japanese yen so I think that is why gold didn't go up as much.