PRECIOUS METALS ALERTMajor money is moving into precious metals this week. Listen to our update here.
Gold vs Dollar Chart Since 1990. Between July and August of this year, our Trigger Trade system began flashing a major buy signal on the U.S. dollar. By August, our system had confirmed that the U.S. dollar had entered a new long term uptrend. Now, however, the U.S. Dollar is nearing an important resistance level near 89. If the USD can break above 89, it could drive precious metals (and other commodities) lower in the near-term. However, if the USD finds resistance at this key level and fails to rise above it, precious metals and other commodities could gain a new tailwind.