I predicted already that the downtrend of gold in function of the euro was very odd. Everyone would assume that the "Hollande" effect would be beneficial to gold.
And today gold hit an all time high again, since François Hollande became president of France, as predicted...
If you're a U.S. citizen, your chance to buy gold is right now, as the euro is in oversold territory. 10 year U.S. government bonds are also overbought, with yields dropping 7% to 1.629%. Looks like a bubble to me.
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| Chart 1: Gold Price: Period after French Election |
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