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USD Falling, Gold & Silver Rising: Gold and Silver Stocks Hesitate…For Now

Print This Post Print This Post | Topic: Silver — August 7th, 2007

After testing the 80 level in late July, the US Dollar again tested its single most important support level yesterday.

USD Falling

We are of the opinion that a significant breakdown through 80 is just around the corner and when the USD breaks 80, it won’t just break it, it will smash down through the support propelling gold and silver prices through the roof. The only thing that will impress more than rocketing gold and silver prices are the stocks of the industry. The quality gold stocks will outperform yellow metal and the quality silver stocks will outperform silver bullion. For ideas of what stocks to invest in subscribe to our gold letter and silver letter free of charge. Although the USD did dip below 80 yesterday, it takes a significant drop to confirm the breakthrough. This drop is coming, very soon. We believe it will take place towards the end of the summer and this will coincide with the next great run of the gold bull market.

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