This is most peculier since all gold stocks were down while the US dollar index closed lowest for the week.
I know we read or I read that the US dollar and gold were most
likely going to rise together for a while, but why would they fall
together.
Is this example of wall street high frequency trading, and coordinated
to keep precious metal stocks down???
If so what is the fear that is causing that to happen?
From
After hours
'The Dove, The Dollar, and Gold'
Gary Wagner, Friday March 17, 2017, 5:30 PM
https://premium.kitco.com/commentaries/2017-03-17/The-Dove-The-Dollar-and-Gold.html "In as much as post statement remarks put to rest fears of a much more
aggressive stance by the Federal Reserve, it also put tremendous downside
pressure on the US dollar. The US Dollar Index, which was trading at 101.80,
on Tuesday of this week, immediately began to aggressively selloff, losing
a little over a full percent on Wednesday as it closed at 100.70. Dollar selling
continued on Thursday
as well as today with the US Dollar Index closing at
100.29, losing roughly 1 ½% in value."
The US dollar chart is at a 5 year high or so and should correct if allowed
to.
