This will be fun, so let’s jump in!
The US Dollar
The US dollar index (DXY) ended 2019 with its smallest-ever annual move, up just 0.24%. Meanwhile, gold was up 18.8% last year.
Gold and the US dollar are inversely correlated about two-thirds of the time (when one rises the other tends to fall, and vice versa). While global investors do tend to move into the US dollar during periods of uncertainty, that move was muted last year despite, for example, the trade war with China. They instead moved into gold.
If the dollar falls or is flat this year, then the gold price will…
As MinEx concludes, “…the industry is struggling to replace the ounces mined. This has profound implications on the future price of gold.”
If demand rises, and new supply is falling, the gold price will respond to this basic supply/demand equation and…
The most important message from this analysis is that even if gold rises only modestly this year, or even takes a dip, it has rarely been more important to own. That means that dips in price should be bought, especially for anyone who doesn’t hold a meaningful amount.
There are many factors, of course, that could impact the gold price in both the short and long term. To learn more about investing in gold and silver and what might be ahead for economies, markets, and currencies, download Mike Maloney's best-selling book for free, Guide to Investing in Gold & Silver.
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DislikedIn my opinion, XAU/USD is in strong reversal point. It might go up upto 1950 area. If it breaks the support area, It might go further downIgnored
DislikedI wanna learn this method, what be a benefit for putting many "sell limit" trades?Ignored
DislikedYield has been slaughtered tonight...if we get a nice pullback into London-might be going long gold- to trade into Powell's speechIgnored