The Really Useful Gold Thread

a look at 2006 world currency map and u see that the $US struggled against 75% of the world. the only countries it managed to eek gains out againt were iran, afghanistan, syria, turkey [countries in turmoil] and the canadian dollar which was very weak partly because of plunging oil

china and japanese currencies the main $ holders held up ok against the $usd probably because of central bank intervention. would you want to see your $trillion holdings suffer a 10-15% shaving.......no.....nor do the asians

that was last year and all we can do is latch onto the main trends again in 07 and see which way the wind takes us. for now it remains $usd = on the backfoot which should eventually take gold much higher if the $ downtrend persists.

click on fx map