Monday, 26 December 2016

A shooting higher US Dollar allows Gold to base

Those holding foreign US Dollar debt can not survive a higher $USD, the higher the $USD (DXY) goes the closer the burning fuse gets to the explosive.
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This is why, when $USD breaks out into price new ground, gold forms a base (sideways) as it allows traders to accumulate position for the very likely $USD reversal. The $USD ying has a GOLD yang!

The professionals do all they can to bust the weak hand gold traders. Do not let that be you!

There is a reason the gold stocks (NEM, ABX, PAAS) are holding their ground very well, ok I tell you, it is because there is another move higher coming, sure it may be 6 months or even 12 months away, but it is coming.


GOLD



Original Post: http://ift.tt/2i1XxFU