Same Ol

Yes, it's a boring market. And yes, I keep showing this central bank chart over and over again.  I've been showing some version of this since 2010.  But as long as the Central Banks are driving the bus, I'm going to post this chart.

 

click chart to enlarge

click chart to enlarge

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For Gold, it’s about the Yen, not the Dollar

I'm getting caught up on some charts while I'm on the road. I'll try and post a video tomorrow.

click chart to enlarge

The weak dollar index is not a reason for gold to go up.

click chart to enlarge

The yen is even weaker than the dollar. As long as the dollar is strong against the yen, gold will be weak.

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