Trading in the gold market remains bullish, despite a rally in the US dollar. Also, a match made in hell, plus what could possibly go wrong?

KWN has now released this week’s audio interview!

Hand In Hand
August 21 (
King World News)
Holger Zschaepitz:
  Fed balance sheet back above $7 trillion, giving investors the green light for further stock market gains as S&P 500 P/E trades in tandem w/ Fed balance sheet. (See below).

Fed’s Balance Sheet & Stocks: A Match Made In Hell

What Could Possibly Go Wrong?
Albert Edwards, 
Former Global Strategist at Société Générale:  What could possibly go wrong? (See below).

S&P 500 Puts vs Calls At Lowest Level In Years!

US Dollar And Gold
King World News note:  KWN recently warned the US dollar had bullish divergences at the recent lows and was set for a bear market rally. Two trading days later the dollar is continuing to surge (see below).

KWN Said US Dollar Rally Would Continue…It Has

Gold Remains Bullish, Despite US Dollar Rally
KWN also had this note
regarding the implications for the gold market:  “
Meanwhile, if gold can remain in a trading range close to the breakout high near $1,900-$1,920, that would be a bullish consolidation of recent gains. Nevertheless, gold is in a secular bull market and prices will be much higher over time regardless of volatility.”

Even with today’s rally in the dollar, gold is trading well off its lows, currently at $1,945 (which is above the $1,923 breakout to new all-time highs). So gold is continuing to consolidate this year’s gains above the critical $1,900-$1,920 level. It is quite bullish that gold has, thus far, been able to shrug off the dollar’s gains and remain above the breakout highs. A continued consolidation near these levels would be very bullish medium- to long-term.

KWN has now released this week’s audio interview!

***To listen to one of the most powerful audio interviews of 2020 from the man who advised people managing more than $2 trillion click here or on the image below.

Elites Moving Aggressively To Eliminate Cash
GET READY: Elites Are Now Moving Aggressively To Eliminate Cash. This Will Be The New Money

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