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Falling USD with higher US interest rates pushes gold higher

Courtesy of Read the Ticker.

falling-usd-with-higher-us-interest-rates-pushes-gold-higherThere is something broken when shorter term interest rates go higher while the currency falls, and when it is the worlds largest economy it kinda matters. It means the US paper debt is not that attractive due to elevated inflation risks.



It looks like 2018 is repeating 1985-1988 gold trend, good accumulation along the 600 week simple moving average (SMA) which is then followed by a $100 spike in the gold price. This would push the 2018 gold price to near $1,500.



With Trump positioning him self to do well in the mid terms, tariff talk, lower dollar, higher wages, more manufacturing, higher inflation risk (Wall street inflation is moving to Main street inflation) you can expect the current gold trend trend to continue. Add to this the unknown from the petro-dollar shake up from the Chinese Yaun/oil/gold contract go live at the end of March 2018.





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Gold




Sure fundamentals do matter, and so does market timing (entry, stops and exit), here at readtheticker.com we believe a combination of Gann Angles, Cycles and Wyckoff Logic is the best way to secure better timing than most, after all these methods have been used successfully for 70+ years. With our website you can chart any security in the world.



NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net



Investing Quote…



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Jesse Livermore





..“It’s not what you own that will send you bust but what you owe.”..



Anon





..”Stock market bubbles don’t grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception”..



George Soros





..“By failing to prepare, you are preparing to fail”..



Benjamin Franklin





..“Because of the extreme challenge, one must commit full attention to it.” Market speculation is “no different than trying to be a successful doctor or lawyer … you simply must devote yourself full-time to the study of your craft”…



Bernard Baruch








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