Weaker US$ Could Send Gold and Gold Stocks to Higher Targets

Source: Jordan Roy Byrne

Published on Thursday, February 2 2017

Related articles and keywords: Bullish - Bulls - Cash - Chart - Charts - Currencies - Dollar - Dollar Index - Euro - Fed - Germany - Gold - Gold Stocks - Greenback - Juniors - Lead - Metals - Metals X - Miners - Precious Metals - Recovery - Stocks - Support - Target - Treasury - Trump

Gold has underperformed both in nominal and real terms. Last week it formed a bearish reversal in nominal terms and against foreign currencies. However, the good news for bulls is the US Dollar Index lost support at 100, due to the Trump administration's tough talk against Germany (and the Euro). Couple that with no movement from the Fed and the greenback should continue its decline, thereby juicing the current rebound in Gold and especially gold stocks. Take a look at the daily candle

To view this article Click here.

In the same section

From Great Moderation to Great Stagflation

13:30

Getting Productivism Right

17:30

America’s China Challenge

17:30

The End of the EU’s Free Lunch

13:30

The End of Contemporary History

13:30

A Decade of “Whatever It Takes”

17:20