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« John Mauldin: "One Of These 3 Black Swans Will Trigger A Global Recession" | Main | Are you living in the same place that you were brought up in? »
Monday
Jul242017

Gold Prices Supported By the Dead Cat Dollar 

Summary

The US Dollar is struggling and should it fall through the ‘92’ level on the US Dollar Index, a rout could ensue which would further boost gold prices.

The precious metals sector has done well to evade a fall through support at the $1200.00/oz mark and is starting to put in some reasonable gains.

This sector of the market doesn’t usually sparkle during the summer months which make it a good time to acquire some good quality mining stocks, so use this time well.

 

US Dollar Chart


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