JUNE 18 GOLD MARKET ALERT
Yesterday, we saw more of what we had seen previously - USD Index moved higher initially and gold declined. Then USD moved back down and gold pulled back just a little. The underperformance along with its bearish implications clearly remain in place. The USD Index is now very close to a certain point, which tells us a lot about the time in which the next big move in the precious metals may start.
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In the coming days, weeks and months some markets will influence the price of gold more than the others. What will have the most influence? What will have none? The stock market, U.S. dollar, mining stocks? This video is intended to educate you on how to see the big picture, and take the most out of these correlations.
Keywords: market correlation, correlation matrix,
gold dollar correlation
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