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Papli
Member since May 2012
114 commentaries - 4 followers

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Dollar to Launch Gold

- Adam Hamilton - Zealllc

Adam, thanks for revisiting the negative correlation between gold and dollar. Charts are convincing. We are poised for favorable action in gold antime even if gold goes sub $ 1600. Dollar is going to run amock sooner than later. Silver follows gold almost daily evident from charts of both metals. Is it time to press the trigger or wait ? I have a hunch we may see $ 1500 before the move up.

Commented 4479 days ago

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Beginning of the headline :Since rocketing to new all-time highs last summer, gold has weathered a major correction. While that selloff was healthy and necessary given the excessive optimism that catapulted gold to very-overbought levels, a strong US dollar accelerated gold’s swoon. But with the dollar now as overbought and wildly popular as gold was in August, this currency itself is due for a major selloff that is likely to launch gold... Read More

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