• We are looking for at least another 10% correction in the US dollar index in the second to third quarter of 2018.
  • Gold will be the beneficiary of the decline in the US dollar.
  • We have established an up-trend in gold since the beginning of the cycle began on September 28, 2017, and we are on the way to meeting the objective of $1386.

Inflation and Interest Rate Hikes

What I would like to do is focus on the US Dollar Index as we move into this next trading week. The fundamental news over the past couple of weeks has been highly emotional ever since the administration tax cuts were implemented. Volatility has increased tremendously and the recent economic numbers indicate that the US economy is growing at a faster rate than anticipated. We are beginning to see some inflationary pressures beginning to develop. The new data has given the new Fed Chairman Jerome Powell what appears to be a strong economy,

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