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Post: Gold and U.S. Dollar Relationship

This forum post is dated 04/14/10. If you feel it is old or outdated, please follow up with a question or comment and someone may be able to update it, or reply with newer information if you have it.

- Major Gold Stocks

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Windsor, Connecticut

Post: Gold and U.S. Dollar Relationship

Thank author of this post/commentA significant breakdown in the US Dollar will come AFTER a major breakout in Gold. Gold has been consolidating for months, even as the dollar has trended down. The recent bottom in the greenback confirms that Gold is still in a consolidation phase. In March we asserted that Gold wouldn?t break 1000 because money would pour into stocks and commodities, thereby diverting Gold?s strength.

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