~*~Mining and Metals Du Jour~*~

[the cork]

When I see a headline like this:

Dow Tops 22,000 As Dollar Drops To 27-Month Lows

I ask myself, If gold and the dollar have an inverse relationship as we have been indoctrinated to believe,

Why isn't gold at a 27 month HIGH or something close to it?

Then I looked at the waterfall capping pattern of the last 5 years and asked myself, given that trading pattern is clearly and obviously intervention not the pattern of a trader trying to make a profit, why shouldn't $1800 be the benchmark used when measuring the impact of the now weaker dollar. Artificially seal clubbing the gold price for the last 5 years doesn't give any indication of true value.

$1800 is the benchmark from which this 27 month low for the dollar should be measured against, not the current "clubbed price."



http://www.zerohedge.com/news/2017-08-02/dow-tops-22000-dollar-drops-27-month-lows