…the US Dollar index (USD), 15 minute candles.
So North Korea gets pissed at South Korea’s armed forces maneuvers and takes a potshot or three, then south Korea scrambles jets and it’s all suddenly world headlines. And the market’s reflection of all this? At first the overnight market flipped and flopped, but when the big boys woke up this morning there was just one course of action….buy USD.
Goldbugs need to recognize a simple fact to become better investors; whatever you might believe to the contrary or want in the future, the United States Dollar is still the world’s reserve currency and its place first place people go when they kneejerk on news.