The bull market in gold has been aided and abetted to a large degree by the weakness in the US dollar but, seen through the lenses of other currencies, the gold bull has been much less robust. Words: 956
Read More »Any Further Weakness In U.S. Dollar Would Signal Acceleration Of Downtrend – Got Gold?
The U.S. Dollar Index has fallen through support at 80 once again. If this current decline trend continues it will drop below 79.20 for the first time in nearly two years. This could pave the way for a deeper decline below the 76 level and signal a continuation of the downtrend that started in 2002.
Read More »The USD Is Scraping the Bottom of the Barrel These Days
No matter how you look at it, the U.S. dollar is very weak - very close to its all-time lows. If the value of the dollar says anything about the world's confidence in the U.S. economy, the message is quite pessimistic. The only good thing to be said is that there is a lot of bad news that is priced into the dollar. It might be tough for things to get much worse. (Words: 1054; Charts: 7))
Read More »Protect Profits and Reduce Risk With Gold and U.S. Dollar ETFs (+2K Views)
If you believe further political disruptions around the world will likely occur in 2010 and/or 2011 and that we will also likely see inflation begin to rise within the next 12 months then we should see higher gold prices. Furthermore, if the economy falters once again, many investors will sell their common stocks and put their money in gold pushing the price up even further. Words: 779
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