The U.S. Dollar Is Set for More Downside

The U.S. Dollar Is Set for More Downside

What are the charts telling us? After posting a “double top” in the 103 area, the U.S. Dollar Index broke 17-year trendline support when it closed below 92 on Nov. 27. My work projects further weakness toward the 85 area.
December 7, 2020 0 Comments
Gold breaks above $1,600 as Apple virus warning stifles risk appetite

Gold breaks above $1,600 as Apple virus warning stifles risk appetite

Gold prices jumped more than 1%, breaking above $1,600 per ounce, to a more than one-month high on Tuesday as a surprise sales warning from Apple Inc highlighted the impact of the coronavirus outbreak on global economy and drove investors to seek lower-risk assets.
February 18, 2020 0 Comments
Now begins the strongest seasonal advance in precious metals!

Now begins the strongest seasonal advance in precious metals!

If you purchase silver ahead of this phase – to be precise, in mid-December – you will buy at a fairly reasonable price from a seasonal perspective and stand to benefit from the strong seasonal rally.
December 20, 2019 0 Comments
Gold, Silver, Platinum to Follow Palladium's Rally - Bloomberg Intelligence

Gold, Silver, Platinum to Follow Palladium's Rally - Bloomberg Intelligence

“Platinum, silver and gold embarked on decade-long rallies shortly after a similar parabolic palladium rally and peak in 2001,” he said. “History is likely to repeat, as we see it. The precious metals index is just recovering from the halfway point of that rally, with platinum the most unloved, similar to 1999. The platinum discount to palladium appears to...
March 15, 2019 0 Comments

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