Gold Crosses $3,300 an Oz

Gold has now crossed $3,300 an Oz, as the best 'safe haven" asset in backdrop of quickly weakening global economy.

Gold is now raising even more faster, as the global Central Banks cut interest rates due to fear of recession, trade wars and geopolitics.

Central Bankers are panicking. 

The US Dollar has crashed, with DXY at 99.09 and fallen from 110.1, and 10% crash from just two and half months ago.  This means the US Dollar has lost 10% of its purchasing power in just 90 days. This even when short term interest rates are at 3.75%-4.0%. When the short term interest rates go down below 1.0% which is highly likely within next 12 months due to darkening economic backdrop in US. 

This would crash the value of DXY even further to as low as 80.0. That is good for both Gold and US exporters (Boeing, Starbucks etc.), but inflationary to US consumers (bad for Walmart, Amazon etc.).