Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199


Search Gold Prices
Gold Price
[Most Recent Quotes from]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

Follow Us on Twitter
« Stock Trader Update 08 May 2014 | Main | Yellen comments boost U.S. stocks; gold falls »

The US Dollar dipped below the ‘70’ Level briefly today

Just in case you missed this the US Dollar did dip momentarily below the ‘79’ level on the US Dollar Index. The dollar then rebounded to trade at 79.44. This is something to keep an eye on along with the progress of the Euro which forms a large part of this basket of currencies.

If the dollar does break down below the ‘79’ level and stays there we could see a rapid decline to the ‘72’ level. This in turn would see gold prices head to higher ground due to its inverse relationship with the dollar.

It remains to be seen if the powers that be will allow it fall to quickly or even if they have power to hold it where it is.

Take care. 


The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

Winners of the GoldDrivers Stock Picking Competition 2007

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (1)

You talk every time about the dollar weakens and this is good for gold. I think you're making a big mistake. The dollar next year is $ 1.25 - $ 1.30



May 9, 2014 | Unregistered CommenterTony

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>