Just like for silver, every major gold rally since 1971 has been during a time of US dollar decline (i.e., U.S. Dollar Index decline—that is, the US dollar as measured against a basket of major currencies.)
From 1971, the DXY declined from about 120 to around 86 at the gold peak in 1980. From 2001 the DXY declined from about 117 to around 74 at the 2012 gold peak.
During the current gold rally of the 2020s, it will likely be no different. It will likely go from the 2022 high of about 114 to a new all-time low, as it has in both of the previously mentioned rallies.Continue reading“Gold and the US Dollar are Moving Like the 1970s Gold Bull Market, by Hubert Moolman”

