GOLDBUGS AMEX Goldbugs Index (GOLD)

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By: Marty Armstrong | February 11, 2020

Gold is still holding on in dollars while it has been advancing in other currencies. We do not see the real breakout in dollars yet until the Monetary Crisis Cycle. We are rapidly approaching the critical point in the world currencies, but this is being driven by the divergence between the Fed, which is fighting in the REPO crisis to prevent interest rates from rising, and the ECB along with the BOJ caught in an unsolvable crisis with negative interest rates.

We are cascading toward a major financial crisis, but as always, the goldbugs keep preaching the collapse of the dollar displaying complete ignorance of the crisis outside the United States. We will be doing the Gold Report this year for we are approaching the point of no return.

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