Wednesday, November 8, 2017

Is the USD Getting Ready For a Rapid Run?

Looking at the charts of gold and silver which seem to be meandering around their 50 and 200 day ma's, we see with the dollar it is in a trading range suggestive that it is soon to break out to the 200 dma,  currently around 96.66 and falling.

The general consensus is that silver and gold will experience some downward price pressure thru the end of the year. My view is that 2018 is shaping up to be similar to 2016, explosive out of the gate.