For thousands of years Precious Metals (PM) such as Gold (Au) and Silver (Ag) have been utilized as real money for exchange, wealth store, and metric of value. While I am NOT an advocate of one single commodity backing our money (like a gold standard), I do believe that the price trend of PMs are the most important indicators of the value of fiat money, plus the crimes of corrupt banking corporations and governments that manipulate PM prices. The "Canary in the coal mine" is Gold - AuCanary.
Today's FINVIZ 5 Minute Charts - (for other charts go to the bottom of this page)
Click HERE for more real-time ADVANCED CHARTS and see the bottom of this page for more real time price updates.
FINVIZ - Financial Visualizations and Charts here: here.
Zero Hedge: Gold Swoons After Central Banks Promise To Never Debase Currencies Again
Very much as expected courtesy of 100% correlations, and following the earlier drubbing in the EURUSD, gold is now falling after the central banks of America, Europe, and Asia have all issued press releases they are henceforth ceasing all currency debasements and will never monetize debt ever again.
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