Sunday, March 4, 2012

US Dollar compared to Comex Gold Chart

The chart I am presenting is due to a special request from a reader that I put one together. It is an interesting method of seeing in visual form the steady decline in the value of the US Dollar against Gold. 

A careful inspection of the chart will reveal that there are certain periods during which the price of gold has moved higher while at the same time the US Dollar index was moving higher. It is during those intervals when the gold price has risen strongly when priced in terms of the various major world currencies that comprise the USDX.




The following chart is a picture of America's decline. As much as it deeply saddens me to say it, the US Dollar chart looks absymal.