"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •377 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 1,413.10 | -4.90 | -0.35% |
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WTI Crude •35 mins | 66.52 | -0.46 | -0.69% |
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Gasoline •35 mins | 2.170 | +0.004 | +0.19% |
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Ethanol •377 days | 2.161 | +0.000 | +0.00% |
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Silver •377 days | 30.82 | +1.16 | +3.92% |
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Silver • 377 days | 30.82 | +1.16 | +3.92% | |
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Copper • 377 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 22 mins | 68.89 | -0.32 | -0.46% | |
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Natural Gas • 35 mins | 3.523 | +0.057 | +1.64% | |
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Heating Oil • 35 mins | 2.405 | +0.015 | +0.64% |
More freeports open around the…
Forever 21 filed for Chapter…
Wells Fargo has done it…
Figure 1 shows a weekly chart of gold (cash data). The price bars marked in red are those times when our Dollar model (see this article) suggests an upward trend in the greenback.
Figure 1. Gold/ weekly
Over the last 10 years, gold bottoms when the Dollar Index embarks on an uptrend. Despite what most investors believe, Dollar strength is good for gold.
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