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Gold at Record High in Euros, Watch the Yen!
Gold is in a major breakout in the Euro and on the cusp in the Yen. Can the US dollar price be far behind?
Gold hit a new record high today for those buying in euros. Let's investigate gold in US dollar terms and in the Yen.
Gold
Gold Priced in Yen
One Hell of a Ride
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That's one hell of a ride. If you bought gold in Yen in 1980 you are still underwater.
Wow.
Where to in US$?
Gold is roughly $300 away from a record high in US dollars.
I expect it to top that easily within a couple of years and by the end of 2020 would not surprise me in the least.
Fed monetary printing and US deficits are out of hand.
Mike "Mish" Shedlock