From All Star Charts:
My e-mail inbox has been bombarded with some awesome gold charts over the past 24 hours. And I feel that it would be irresponsible of me if I didn't share at least some of them with you guys.
The first one comes from my friend Ari Wald over at The PrinceRidge Group:
"Rising inflation expectations and a weakening U.S. dollar are two factors that have bullish implications for the price of gold when working together. Gold's upward breakout in August can be attributed to rising U.S. breakeven inflation rates (i.e. implied inflation) and a 6% drop in the U.S. Dollar Index (DXY). These trends have reversed in recent weeks and...
Read full article (with charts)...
More on gold:
A "mind-boggling" China gold report you have to see to believe
A "major buying opportunity" in gold and gold stocks could be here now
Billionaire George Soros just loaded up on even more gold and gold stocks