Gold Glitters And The Death Of US Dollar – Not Yet!

Posted on Posted in Daily Blog Post

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Many analysts have predicted the crash or death of US Dollar since a few years ago but I always believe that it is not the time yet. In fact, USD has gone from strength to strength till today. I still believe that USD has many more months to rise, probably till 2016 before its value cut half. .
The current strength in USD has also put extra pressure on the down trend (has not ended yet) of Gold. USD and Gold are negatively correlated.
Look at the charts below

 

 

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