Gold Price Drop
Nevada gold nugget
Gold is selling off this morning. The gold sell-off is in part to a rising dollar and the pronounced negative price-momentum divergence on the monthly chart and because of the lopsided, overly bullish bias of hedge funds on the long side of the gold futures market. Working together with these factors is the overwhelming (for more than 30 years) tendency of gold to weaken during the month of October.
Nevada gold nuggets
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At some point, the dollar will collapse and interest rates will go up sharply…it has to because foreigners will dump our dollars and our treasuries and will only be enticed to buy them again when they get rewarded for their risk…the mkts set the interest rates and not the Feds…I gaurantee you will interest rates will go up when foreigners wake up and stop buying our debt.
Silver Nuggets