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<p>[QUOTE=&quot;coinhead63, post: 1347832, member: 28001&quot;]At the risk of oversimplifying, the US dollar is presently one of the &quot;taller midgets&quot; in the world economy.&nbsp; The dollar, when strong compared to other major currencies, usually results in lower gold prices for us. For other countries whose currency has lost ground against the dollar, it costs them more to buy gold therefore causing a slump in demand and resulting in lower gold prices.&nbsp; Additionally as gold trends downward, there is less purchasing buy stronger countries (and individuals) and more selling to minimize losses creating a surplus.&nbsp; The law of supply and demand proves this.&nbsp; As gold and other PMs seem to have bottomed, purchasing returns.&nbsp; It&#039;s not that we have come out of the recession, it&#039;s just that our economy is not as bad when compared to some other countries.&nbsp; Look at existing home sales.&nbsp; The volume is up, but the values have remained nearly the same as 2010.&nbsp; Precious little has changed in our economy.&nbsp; It&#039;s other parts of the world that are continuing to backslide as a result of their recession/depression.[/QUOTE]</p><p><br /></p>

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