Stage 2.... its about time, Edelman
...The €350 breakout was so crucial because until that point non-American investors largely believed the so-called gold bull was really just a dollar bear. Gold was only moving locally in dollar terms as it responded to a dollar devaluation. But when euro gold broke out and started to carve new highs, they were forced to acknowledge this bull as the real deal. European (and global) capital starting bidding on gold and this marginal demand caused it to rise despite the dollar. This created a virtuous circle where more gold demand created a stronger gold-dollar decoupling enticing in new investors to buy ever-more gold.
Und nun haben wir wieder einen Goldpreis in Euro wie im Februar.
Greift zu, es ist wie Weihnachten.