by Craig Hemke
We’ve been writing about this for months, but with so many generalists still pushing the opinion that gold only moves as an inverse to the U.S. dollar, it’s time to write about it again.
As we often do, let’s start with links to past articles on this topic so that you can get caught up and/or re-acquainted with the subject:
Real interest rates in the U.S. turned sharply lower on June 5 and the trend in COMEX gold has been toward higher highs ever since. These inflation-adjusted interest rates are now at all-time lows, so it’s no coincidence that COMEX gold is at all-time highs. (Chart courtesy of ZeroHedge:)