Gold Stocks: Climbing A Very Steep Wall Of Worry

The reason these gold stocks are not moving higher is because we are climbing a very steep wall of worry. Because there is not a lot of conviction in the gold traders, they still do not get it. They still think that the interest rate hikes are bullish for the U.S. Dollar and bearish for gold. (Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

Gold: The Correction Is Over

I think the correction in the price of gold is over but I do think there is some psychological resistance around this 1,300 level but we are going to blow through it and have a quick march up to 1,350. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX))

The U.S. Dollar Is Overvalued

I believe Donald Trump is correct. The U.S. Dollar is overvalued but he is wrong in his view of how the overpriced U.S. Dollar impacts the U.S. Economy. Because the dollar is overvalued we have an artificially high standard of living and when the dollar starts declining is going to take the American standard of living down with it!