Gold has suffered recently in the wake of higher real interest rates while
the US Dollar, thanks to higher yields has reached a 14-year high. Stronger
real rates hurt Gold but so does a stronger US Dollar, which remains the dominant
global currency. In addition to falling real interest rates Gold likely needs
the US Dollar to approach a major peak. It may sound perverse to gold bugs
but the sooner the US Dollar climbs and the stronger it gets, the closer Gold
could be to the start of
