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Another Look at The US Dollar-Gold Relationship


I keep coming back to this comparison chart of the DXY and Randgold Resources Limited (GOLD) for two main reasons:

1) the Dollar Index continues to act weak despite geopolitical tensions that ordinarily would send global investment capital into, not away from, the US Dollar; and

2) because GOLD continues to grind higher towards the completion of a potentially powerful multi-month double-bottom pattern at $1425, which if hurdled, will trigger upside potential to $1560/80, and possibly to $1650.

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