US gold ends down after U.S. data improves

Comments (1)
prime99 wrote:

I’m not sure silver will rise just because gold has. Gold has risen due to fear, but so has the dollar since mid 2010. That tells me the gold spike, even if it comes, won’t be sustainable.

Here is the chart of Gold vs USD index:

http://www.hiddenlevers.com/hl/u?9oDUN2

Especially if there is a deflationary scenario, the precious metals dream is over. Here is a good visual on the economics of deflation:

http://www.hiddenlevers.com/hl/u?cbSAWT

Sep 11, 2010 12:46pm EDT  --  Report as abuse
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