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February 19, 2020 | Gold at Record High in Euros, Watch the Yen!

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
Gold is in a major breakout in the Euro and on the cusp in the Yen. Can the US dollar price be far behind?
Gold hit a new record high today for those buying in euros. Let’s investigate gold in US dollar terms and in the Yen.Gold

Gold Priced in Yen

One Hell of a Ride

That’s one hell of a ride. If you bought gold in Yen in 1980 you are still underwater.

Wow.

Where to in US$?

Gold is roughly $300 away from a record high in US dollars.

I expect it to top that easily within a couple of years and by the end of 2020 would not surprise me in the least.

Fed monetary printing and US deficits are out of hand.

Mike “Mish” Shedlock

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February 19th, 2020

Posted In: Mish Talk

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