Alasdair Macleod discussed the wild trading week for gold, silver, miners and the currency markets.
December 16 (King World News) – Alasdair Macleod: “If you look at the US Dollar Index it has really turned down aggressively. It was down under 102, and that’s something like a 5% fall in the last four weeks. That’s a big, big move. And there are a large number of short positions on the yen. It’s a situation that’s becoming unstable as that trade unwinds. And I think it was partly for that reason that John Williams of the New York Fed came in the next day and tried to row back a little bit because I think the Fed was worried about the market reaction. So as far as gold and silver are concerned, they’ve been…to continue listening to Alasdair Macleod discuss the wild trading in the gold and silver markets as well as the US dollar and mining stocks CLICK HERE OR ON THE IMAGE BELOW.
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