Gold has moved with the USD for the past few weeks. However, the USD is down firmly today and yet gold is holding its own despite a couple of vicious and blatant take-downs. Should gold hold or even move up today, it would represent a major step forward for gold. It would mean that gold has broken the shackles of all currencies and is in the process of ascending to its historical role as the ultimate currency and safe haven. Gold will reach new highs in USD terms shortly should this trend transpire over the next few days.

Regards - VHF