Gold gaining as dollar weakness

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 Gold gaining as dollar weakness

Take a look at this chart of Gold overlaid with the US Dollar (inverted). When the blue line is going down, that's the Dollar strengthening. When the blue line is rising, that's the Dollar weakening:

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Notice how these two lines move together.

If the US Dollar sell-off that we've seen over the past few months is any indication of what further Dollar weakness can do to Gold, expect record highs for Gold prices real soon.

And if Gold breaks out above this decade+ long base, I think you could see $3000/oz real quick and then from there the possibilities are unlimited.

I like trades and investments where the risk is very well-defined and the potential reward is exponentially greater. Add a layer of higher probabilities of success and you've got the makings for a historic opportunity to profit.

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