February 10, 2025 - (Gold Market Wire) - Gold continues to surge, as the global monetary system remains on its path of slow, but accelerating, disintegration. Bretton Woods may have died in 1971, but the folly of its creation remains with us.

We continue on the same path that we have trod for nearly two decades now, and that road show little sign of diversion. Long US Dollar and Long Gold has been our strategy well over a decade, and it continues to be the position. The "US Dollar is Finished!" crowd continue to howl into the void. They fail to see the situation clearly.

From the trade side, as we stand, there is only length and a leveraged position in the Dollar, vs. Euro and Sterling.  It is also the core position as well. The trading side is merely to add torque to the core. We await the 160 level on Dollar/Yen to look for a place to short the Yen.

The chart indicates consolidation, and that Gold has further room to run. The dreaded parabolic has been negated.

And the zoom in:

We remain on guard that a big US Dollar surge and/or a breakdown of the Euro may stall the rally. But for now, we run with the market.

As our masthead says, "Be Right - Sit Tight."

Although his end was ignominious, Mr. Livermore (partner with our Master's father), has taught us so much, he can only be remembered with affection. It's been difficult to refrain from squirming uncomfortably in our seat over the years, but Jesse's words, have been a sorely needed comfort over these years, when we thought we would give in to our emotions, leap up and sell it all... frustrated by our seemingly unendurable wait.

Patience has paid off. We thank the sages who came before us for their wisdom.