Brien Lundin – The USD Continues To Drive The Gold Price
Brien Lundin, Editor of the Gold Newsletter joins met today to share his thoughts on the gold market which continues to move based on what the US dollar is doing. We also discuss Skeena Resources and why Brien recently wrote this Company up in his newsletter.
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It could be Ex. Particularly when one looks at a long term (3-5 years) chart of the dollar. It paints a reasonably grim picture. However it looks to be holding sway over the PMs in the interim. Trading so far this week does not bode well for gold and silver. With gold backing well off that 1360 region it could be a little while before it makes a successful attempt at breaching that figure.
Wheres that catalyst weve mentioned in the past?
Macquarie warns that a big bear market is coming for the US Dollar
David Scutt – Feb 19, 2018
https://www.businessinsider.com.au/usd-dxy-us-dollar-outlook-twin-deficits-macquarie-2018-2