Gold continued to break higher, while USD depeened its selloff. This is unlikely to change after a subtle change from the Fed vice chair Clarida
. NZD and GBP are leading currencies at the expense of JPY and CHF. Below is the alert to the WhatsApp Broadcast Group
of the breakdow in the GoldBugs Ratio below 6.0, implications of which were forwarned in Friday's gold video
Fed vice chair Clarida spoke at a web conference Monday and at first blush there was little change in his commentary but at one point he was asked about inflation. He responded by saying that because he expected it to rise due to transitory factors, he would be placing more emphasis on employment metrics in the coming months.