So Many Bullish Factors…That Gold Is Ignoring

So Many Bullish Factors…That Gold Is Ignoring

Gold is testing its previous 2020 highs, but silver plunged anyway, which created a very special situation. Namely, the gold to silver ratio just jumped to the 100 level. This may not seem like a big deal, because ultimately people buy metals, not their ratio, but it...
USD Target Reached – Time For A Golden Rally

USD Target Reached – Time For A Golden Rally

In yesterday’s analysis, we emphasized the importance of the USD Index as one of the key drivers for the precious metals market. We wrote about the inverse head and shoulders formation in the USD Index and its implications. The target based on the above chart was...