Friday
The illogic of the Gold bugs, with their insistence that Gold is measured by paper debt notes, meant that they were blindsided by the fall in the price of Gold subsequent to the US presidential election.
Only two things were necessary to know what was coming:
1 That Gold is the measure of value, currencies included, not the measured, and
2 that the hysterical speculations surrounding the lead up to the election meant that all currencies were weakened – from the uncertainty.
Once the dust settled and irrespective of which candidate won, the currencies were only going to strengthen – i.e. Gold ‘drop’.
Garbage in; garbage out.