Dalradian Resources, Inc. DRLDF

Gold Submitting to a Rising U.S. Dollar!!

[Invest4Life2016]

The strength of the U.S dollar is pushing gold down below $1000. The last significant bull market in gold was extinguished by a rising U.S. Dollar which reached a high of 1.67 in Feb 1985. The dollar bubble that happens approx every 15 years is brewing to bring down gold in a big way this time. The only difference being gold capitulated 2 years after it's spike from $860 in 1980 and was kept pinned down because the U.S. Dollar was rising right after gold's spike. This time around the U.S. Dollar's bullishness took a couple of years to form after gold spiked to $1900. This has prevented capitulation till now but as the U.S. Dollar hurdles past 1.10 any support for the gold price to stay above $1000 will have disappeared. Gold had it's mania phase! Now it's the U.S. Dollar that will go through a "mania phase" that puts gold into capitulation and keeps it in a blow off phase till 2019. The smart money is leaving to feast on the bag holders once gold breaks below it's mean.

The Most Important Chart You'll Ever Stare At!

[TarquinBenson1]

Gold prices have rebound from this morning’s low of $1,180.70, after the US Dollar initially rallied on better than expected GDP figures. US GDP (Annualized) was expected at 3.0%, but released at an actual 3.2%. If the US Dollar continues to retreat, this may signal a shift in momentum for commodities prices such as Gold. Traders should next be looking towards Friday NFP employment figures to