Until recently, gold was rising mainly as the U.S. dollar fell. Since June 2005, however, gold has been decoupling from the dollar (as have many foreign currencies) and is now rising in all major currencies independently of the dollar.
This landmark change, reflected in the foreign currency charts below, signals a true international bull market and opens the door to much higher gold prices. Factor in such bullish fundamentals as record-high U.S. trade and budget deficits, expensive oil, ongoing geopolitical instability, and a weaker dollar, and today’s momentous bull market shows the potential to run for years to come!
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