Chart of the Week from Daily Wealth

AN ALL-TIME HIGH FOR GOLD

Another month goes by, and another new all-time high for gold. At least for Europeans…

Longtime DailyWealth readers know we encourage everyone to view the world the way a rich, global investor does: through several different “lenses.”

One way to look at world currencies is through the “lens” of gold. This gives you insight into what’s happening beyond your own borders.

For instance, gold, in dollar terms, is well off its December highs. But in terms of the plummeting euro, gold reached a fresh all-time high this month. Chris Weber’s brilliant “Currency Trade of the Millennium” is playing out in grand fashion.

– Brian Hunt