This is the reason why the gold market is trading weaker again today.
U.S. Dollar Close to Breaking Out Again
October 31 (King World News) – From Andrew Adams At Raymond James: While most eyes have likely been on the stock market, the U.S. Dollar Index has slowly crept back up to make a new closing high yesterday. A breakout here would likely put downward pressure on commodities priced in dollars, and, while the relationship hasn’t been perfect, a strong dollar has often helped small caps outperform large caps the last few years (see chart below).
Strong Dollar Continues To Pressure US Gold Price
***Egon von Greyerz discusses his meeting with the Chinese and what they are up to in the gold market as well as what other surprises are in store for the last two months of 2018 CLICK HERE OR ON THE IMAGE BELOW.
ALSO JUST RELEASED: Legend Connected In China At The Highest Levels Says China May Peg Renminbi To Gold And Warned Next Downturn Set To Rival Great Depression CLICK HERE TO READ.
To listen to the man who worked side-by-side with the Chairman of the Comex in the 1970s and called the stock market crash of 1987 CLICK HERE OR ON THE IMAGE BELOW. What he had to say about what is coming for stocks, bonds and gold is priceless.
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