GREY:VITFF - Post by User
Post by
Invest4Life2016on Nov 30, 2016 9:35pm
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Post# 25537756
Gold Bulls are Submitting to a Rising U.S. Dollar
Gold Bulls are Submitting to a Rising U.S. Dollar 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.
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