• 3 hours Homeowners Experiment With Risky New Investment Trend
  • 6 hours U.S. Tech Stocks Look Increasingly Vulnerable
  • 9 hours De Beers To Expand World’s Most Profitable Diamond Mine
  • 11 hours Ford CEO Gets Raise After Massive Layoff Round
  • 1 day Germany’s Flirtation With Recession Could Cripple The Global Economy
  • 1 day Where To Look As Gold Miners Inch Higher
  • 2 days Google Faces Billions In Fines From European Regulators
  • 2 days The Energy Industry Has A Millennial Problem
  • 3 days Russian Banks Scramble For Sanction Loopholes
  • 3 days Gold ETFs Take A Hit After Four-Month Run
  • 4 days European Union Takes Aim At Ten New Tax Havens
  • 4 days Goldman Defends Trillion-Dollar Corporate Buyback Spree
  • 4 days $600 Billion At Risk As Boeing Fallout Continues
  • 4 days Venezuela Has Yet Another Crisis Developing
  • 5 days Wells Fargo Accused Of “Ongoing Lawlessness”
  • 5 days Hollywood Agency Returns $400M Investment To Saudi Wealth Fund
  • 5 days Why Twitter's CEO Is Backing A New Bitcoin Boom
  • 5 days U.S. Treasury To Employ “Extraordinary Measures” To Fend Off Default
  • 6 days Lobster, Golf Carts And Fidget Spinners: What’s In The Federal Budget?
  • 6 days Italy Launches New Welfare Experiment
Lending: The Good, Bad, And Ugly

Lending: The Good, Bad, And Ugly

Aristotle said, “The most hated…

The Chatroom Cartel Running Global Bond Markets

The Chatroom Cartel Running Global Bond Markets

Eight major banks have been…

readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

Contact Author

  1. Home
  2. Markets
  3. Other

A Shooting Higher US Dollar Allows Gold to Base

Debt

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.

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.

US Dollar Index Weekly Chart

Investing Quote...

"There were times when my plans went wrong and my stocks did not run true to form, but did the opposite of what they should have done if they had kept up their regard for precedent. But they did not hit me very hard – they couldn't, with my shoestring margins." ~ Jesse Livermore

"October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February." ~ Mark Twain

"Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it." ~ Warren Buffett

"The four most dangerous words in investing are 'This time it's different'." ~ John Templeton

"One must search through a maze of complex and contradictory details to get to the significant facts ... Then he must be able to operate coldly, clearly, and skilfully on the basis of those facts." The challenge for the successful speculator is "how to disentangle the cold hard facts from the rather warm feelings of the people dealing with the facts." Moreover, "if you get all the facts, your judgment can be right; if you don't get all the facts, it can't be right." ~ Bernard Baruch

 

Back to homepage

Leave a comment

Leave a comment