Tag: dollar

Peter Schiff on yesterday’s action in gold & silver : The real state of the Union

Peter Schiff explains in this video what yesterday’s announcement of US Fed really means and why gold & silver soared with the news.

Continue Reading

A Swiss Signal to Buy Gold

Investors were given a major signal to Buy Gold on December 21 2011,writes Porter Stansberry for the Daily Wealth. It was on that day that the European Central Bank (ECB) “loaned” roughly €500 billion to Europe’s major banks at 1% interest. This capital will allow all the big banks to report adequate capital ratios when they file their annual reports…which is code for “getting a huge bailout.” Whatever you want to call it, simply know this: There will not be a deflationary collapse in Europe. The Euro will not collapse in the near term. Instead, Europe will see a gigantic increase in its money supply. When asked by the Financial Times if there […]

Continue Reading

Dollar’s Influence on Gold

Dollar’s Influence on Gold

In our previous essays, we emphasized that the long- and short-term trends for gold are up. In today’s article, we will feature the current situation in the USD and Euro Indices and in the general stock market. After analyzing each of them, we will move to implications for the precious metals investors. Let’s start with the analysis of the USD Index (charts courtesy by http://stockcharts.com.) Our first chart this week is the very long-term USD Index chart. We see little change in the situation since last week. There has been no confirmed breakout above the late 2010- early 2011 highs and the long-term trend remains down. In the short-term Euro Index chart, there […]

Continue Reading