Gold Slides Massively – Be Ready For More!

From sunshineprofits.com

What a week! Gold has dropped almost $60 since Friday, and silver came along reaching new yearly lows! Are you prepared for a wild ride downwards? The USD Index (USDX) While many investors forecasted a sharp decline in the USD Index, I warned on Aug. 2 that the stars were aligning for the greenback. And with gold, silver and mining stocks exhibiting strong negative correlations with the U.S. dollar, the latter’s rise could result in the former’s demise. I wrote: With the USD Index demonstrating late-week strength and bouncing off of the 38.2% Fibonacci retracement level, the greenback may have recorded a ... (full story)