The US Dollar’s Impact on Gold and Silver

Technical analyst Jack Chan charts a breakout of the U.S. dollar and comments on its implications for gold and silver.

by Jack Chan
The Gold Report

Our proprietary cycle indicator reached 100% and turned down last week.

[…] USD broke out as anticipated in last week’s update.

[…] Gold stocks as represented by $HUI have not had a consolidation this year; consolidation is long overdue.


A bull market in gold and silver is now confirmed, but the cycle has turned down, suggesting that a long overdue correction may have started. USD broke out and up as expected, which is not friendly to the metals.

Caution is advised.

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