Dollar weakness surfaced this week as the Bank of Japan governor held a meeting with the Prime Minister over a fall in the yen, which has dropped even further against the dollar than the euro.
But even accounting for the supply of Gold itself having increased by +16% from a decade ago, the Dollar's debasement alone places the value of Gold today (per the above Scoreboard) at 3990 even as it essentially continues to sit at a price of 1728.
There are buyers on dips in gold, silver, and copper. Buying interest or short term investment interest in silver and copper is very high. Everyone (in India) is buying silver for the short term.
Because the effects of inflation have been more pronounced in the past year and one-half, the peak in March 2022 is now $250 oz. lower than the peak in 2020.
