WinstonWolfe
Long

Gold - A Useless Rock, Barbarous Relic, No Yielding Asset

FX_IDC:XAUEUR   GOLD / EURO
However since 2009 and before you can see that in all major currencies gold has acted as a protection hedge against inflation and depreciation of these currencies. Definetely not a short term trade but one for the long haul and from the charts it is clear, the blow off top has not occurred yet.
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