Every Gold Coin Has Two Sides

Summary: In dollars, it’s clear to even the most die-hard gold bug that the metal has been beaten around a bit. Much of this is due to a strengthening dollar. Due to continued troubles in the Eurozone and a perception that the U.S. economy is on a “recovery” path has led to this dollar rally, and put pressure on gold. But if we go to Japan and see gold prices in Yen, it’s been going up on heels of unprecedented monetary stimulus by the Bank of Japan. Lesson here – just as every coin has two sides, so does data. Even though things may not turn out as expected, you can certainly find news of an “upside” somewhere. Read more…