Jun 26, 2017

Gold: Putting In A Significant Bottom

I think the significant thing though for the US Dollar and gold is that the dollar is in the process of putting in a very significant top and the flip side of that is that gold is in the process of putting in a significant bottom. I think the catalysts for breakdowns in the dollar and breakouts in gold is going to be some realization, some capitulation on the part of the markets, the Federal Reserve to square perception with reality because you know the economic surprise index is at the lowest that span since 2011. People have been looking forward to good news and they've been disappointed constantly. (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX))

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