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Minyanville.com reported that Gold Provides Invaluable Insight:
Minyanville.com reported that Gold Provides Invaluable Insight:
What is even more visible on the short-term chart than it was with the long-term one is the way precious metals reacted to the recent strength in the US Dollar. Please note that even though the USD Index had a significant rally, Gold and Silver were basically unharmed as they moved down just slightly. I realize that the very recent downswing in precious metals might have appeared dramatic on a day-to-day basis; it’s much less so when one compares it to the analogous move in the US Dollar. This certainly bodes well for the possibility of higher prices in the precious metals going forward.
