-
Gold Sector Counting Down to Launch
Given that next to nothing has happened in Gold or Silver in the past several weeks, I am going to provide quick updates on the DXY, real and nominal bond yields, and the S&P. These markets are many, many times bigger than the precious metals markets and to varying degrees have a great deal of influence on the prospects for Gold and Silver. DXY: Historically, the dollar is the antithesis of Gold because Gold is the anti-dollar: it exposes the true devaluation of the greenback. Said simply, when the dollar rises, Gold falls, and vice-versa. However, more recently, they have tended to rise and fall together more ... (full story)