Loading ...So far so good. We closed above $2,100, and today its $2,148. My instinct says its going to go into the $2,200 area, and we will never see it below $2,000 again. Last October they jacked up the US Dollar to over 106, which knocked Gold down to $1,900 for a couple of weeks.
That was their best shot. The hapless money managers will have to raise the USD right back up again, but it would hurt our exporters making them more expensive and harder to sell.
High October US Dollar: https://finviz.com/futures_charts.ashx?t=CURRENCIES&p=w
Low October Gold price: https://finviz.com/futures_charts.ashx?t=METALS&p=w