After years of failed attempts to break out of its trading rut, gold finally did, shattering resistance that has held since 2013. Not only that, it breached the “psychologically important” $1,400 level. It looks to be consolidating before heading higher—possibly much, much higher. But all of this is in US dollar terms. The US has plenty of hard-money advocates, but it’s the Chinese who buy more gold than anyone else. It’s important to look at gold from an international perspective. Here’s a chart showing the percent change in gold prices in seven major currencies. The first thing that strikes me about this chart is ... (full story)