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« The Jackson Hole Jolly For Central Bankers And The Ramifications For Gold | Main | Gold: Rock, Paper, Scissors »
Friday
Aug162019

Gold: The 2 Main Influences Are The U.S. Dollar And The S&P 500 (Part 2)

Preamble

On the 2nd of July 2019 we posted Part One of this article with the following summary points:

After six years in the doldrums gold has suddenly come to life, however the two main influences on it are the U.S. dollar and the S&P 500.

Gold has an inverse relationship with the U.S. dollar and tends to move in the opposite direction to it.

We're all aware that bull markets do not go on forever, and this bull phase is now 10 years old and overdue for a correction.

Since then gold prices have moved up from $1389/Oz to $1527/Oz despite the US Dollar remaining relatively strong. However, the S&P 500 is starting to splutter as the long-awaited correction begins and investment funds look for a new home.

The U.S. Dollar

At this point we must reiterate that as gold bugs our attention remains focused on the world's central bankers as they have now entered a phase of financial stimuli. This exercise starts with a series ...........

 


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