Wednesday
Gold measures the value of currencies. Nothing else can accurately measure value. That is why Gold is money.
Like most other goods, the value of currencies rises when they are in demand and falls when they are not.
Enormous confusion is generated by Gold websites that reverse reality by showing the value of Gold measured in currencies. You must look at the charts, and then reverse the data.
When Gold is going up – then translate that to: ‘the value of the currency is falling’ (less demand). When Gold is going down – then translate that to: ‘the value of the currency is rising’ (more demand).
Staring at Gold going up and down is like staring at the extraordinary phenomenon of the seashore rocks slowly becoming taller, then shorter. Refocus onto the tide and it will suddenly make sense.
Focus on the movement of currencies. That is valuable data that can be used to make sense of what is happening.
Staring at the rocks will leave you forever puzzled.