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CAN GOLD CONTINUE TO RISE, SINCE THE USD IS MOVING HIGHER TOO?
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That question and other ones similar to it keep coming up lately and understandably so. Gold usually drops when the USD rises, but lately we do see both rising at the same time. I called a low in Gold recently and have been trading in the Precious Metals sector, but some are having a hard time believing it when they see the USD rising too. Allow me to share my thoughts on this. The following 4 charts are from the weekend report, where I tried to help my readers see the answer that question.
GOLD AND THE USD
CHART #1 -The USD has slowly been approaching the Highs of 2015. The chart does look quite bullish, but it does also show prior lows being taken out and lower highs so far.
Read MoreLets review a couple of ideas that we discussed in the weekend report in our premium section.
$USD - legitimate break out. This could have major implications for Gold, Commodities, and the markets.
Lets look at the Dollar on a daily basis...
Read MoreThe Dollar has been strong for a long time, and the markets have gone up with it. Also Metals have dropped with the stronger dollar. This is the dollar. Is it going to BREAK OUT?
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