"I may be wrong but I think that gold hit a new high in terms of Euros and the Dollar Index yesterday - surprised you did not mention it."

David Fuller's view Why, when the trend has been upwards for over 10 years? Gold remains the most enduring protector of wealth. The Chart Library shows gold in 34 different currencies or currency indices.

Gold remains steady against most fiat currencies, during what is usually a period of seasonal underperformance. The USD price of bullion (monthly, weekly & daily) reached a temporary peak at the end of May and a weekly key reversal followed. Today, it remains somewhat overextended relative to its rising 200-day moving average and some additional mean reversion towards this medium-term uptrend is likely during this pause. If seasonal factors and gold's consistency characteristics of the last decade persist, the overall advance will resume in September.