By Cory댊 Breaking Down Gold vs Foreign Currencies, US Markets, and the USD
With all the recent talk of a weak USD you would think that the PMs would have been really benefiting. As Jordan Roy-Byrne, Founder of The Daily Gold points out gold has remained relatively weak against not only the USD but also foreign currencies. The bounce in GDX reached 10% but is not reversing. Most likely we will get some volatility after the Fed rate hike and announcement but what we really need is a significant trend change.
Download audio file (2018-09-26-Jordan-Roy-Byrne.mp3)
Click here to visit Jordan’s site for more valuable metals commentary.
From:: The Korelin Economic Report