from King World News
Today the mining stocks ignored the gold and silver takedown, but here is the big surprise…
Miners Ignore Gold & Silver Takedown
October 13 (King World News) – Fred Hickey: Gold hit this AM on algo-driven selling (correlation selling on rising US$). Miners not playing along -rallying back with some majors (Barrick, Agnico) now up.
Gold In Bull Market vs All Fiat Currencies
King World News note: Let’s take a deeper look at what Fred Hickey was noting. Below you can see a chart of the US dollar, which for some reason still moves the gold market. I only use the word “still” because gold is in a bull market vs all fiat currencies, including the US dollar (see chart below).