Mike Kosares: Gold is rising in all major currencies, including the dollar

5:20p ET Wednesday, October 4, 2017

Dear Friend of GATA and Gold:

USAGold's Mike Kosares writes today that gold is rising not just in lesser currencies around the world but in terms of the U.S. dollar as well, for the first time since the Gold Currency Index was created in 1997.

Kosares writes: "Though it is difficult to trace the source of this divergence directly to international funds and institutions, we can see their footprints in the sand -- the circumstantial evidence as reflected in the strong growth of bellwether exchange-traded fund inventories. 'Investment demand,' says ETF Trends in a recent report titled 'An In-Depth Look into Gold ETF's Resurgence and Sustainability,' 'remains robust as an increasing number of institutional investors, sovereign wealth funds, and central banks seek gold as a potential source of return and diversification to traditional stock and bond portfolios."

Kosares' analysis is headlined "Gold Is Up This Year Not Just in Dollars But in Every Major Currency" and it's posted at USAGold here:

http://www.usagold.com/publications/NewsViewsNVOctober2017vr.html

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org