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28 July 2021
19:00 hour

Gold & Silver: Dollar Is Going Down

INO.com

22/03/2021 - 17:57

U.S. dollar index (DXY) 4-hour chart Last time the chart structure of the dollar was less clear; hence I put two opposite scenarios in the chart with triggers. As time goes by, the market reveals itself more clearly. The DXY price built a familiar two-leg consolidation highlighted with the orange ellipse. It follows the preceding […] The post Gold & Silver: Dollar Is Going Down appeared first on INO.com Trader's Blog.


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  1. Gold & Silver: The Dollar Shows The Way (20/04/2021 - INO.com)
    The U.S. dollar index (DXY), aka “King,” has a clear structure in its chart as it moves accurately according to the plan posted at the beginning of the month. Most of you supported the idea that the dollar will show another drop. The green leg 2 of the pullback traveled 1.618 of the distance of […] The post Gold & Silver: The Dollar Shows The Way appeared first on INO.com Trader's Blog.
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  2. Gold prices top Rs 47,000, silver close to Rs 70,000; here’s how gold, silver on MCX may trade today (06/05/2021 - Financial Express)
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  3. Dollar, Gold, And Silver Update (24/05/2021 - INO.com)
    The U.S. dollar index (DXY) did not make a significant pullback despite my expectations posted earlier this month. The minor bounce was short-lived as the price quickly reversed all gains and updated the low after that. The downtrend is so strong that DXY could fit within a very narrow orange channel. However, I think we […] The post Dollar, Gold, And Silver Update appeared first on INO.com Trader's Blog.
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  4. Dollar, Gold And Silver: The Market Takes A Break (03/05/2021 - INO.com)
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  5. Watch Gold, Leave Silver Alone (22/02/2021 - INO.com)
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  6. Same Plan For Silver, Wake-Up Call For Gold (15/03/2021 - INO.com)
    The U.S. dollar index (DXY) chart opens this update. The plan posted at the beginning of this month played out amazingly accurate in the DXY chart. The dollar, indeed, moved to the upside hitting beyond the first target of 92.07, and it almost reached the second goal with a 1.272x multiplier at 92.72 mark. The […] The post Same Plan For Silver, Wake-Up Call For Gold appeared first on INO.com Trader's Blog.
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  7. Gold, silver prices fall on weak international cues; check MCX gold, silver, COMEX trading strategies (04/05/2021 - Financial Express)
    Gold prices were trading flat to negative on Tuesday, following international prices as a stronger dollar and comments from US Fed Chairman Jerome Powell on the economy weighed on yellow metal's safe-haven appeal
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  8. Bitcoin, Dollar, Gold And Silver Update (05/04/2021 - INO.com)
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  9. Is Gold & Silver a Better Investment Than Cryptocurrencies? (08/02/2021 - Wallstreet Survivor)
    Gold, silver, and cryptocurrencies are all valuable assets to have in an investor’s portfolio. However, even with diversity in mind, there are certainly arguments for either side that make one a better investment than the other. Cryptocurrencies are digital marvels – assets backed by various methods. Gold and silver, on the other hand, are tried Read More... The post Is Gold & Silver a Better Investment Than Cryptocurrencies? appeared first on Wall Street Survivor.
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  10. Gold price today, 19 May 2021: Gold trades flat, MCX silver gives up Rs 73,000; analysts say ‘buy on dips’ (19/05/2021 - Financial Express)
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  11. Gold Price Today, 18 May 2021: Yellow metal trades weak, MCX silver tops Rs 74,000; gold to hit Rs 50,500 soon (18/05/2021 - Financial Express)
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  12. Gold & Silver: The King Fights Back (01/03/2021 - INO.com)
    The benchmark 10-year Treasury yield spiked to 1.61% last week for the first time in more than a year. The U.S. dollar, aka “King,” fought back to the upside on this growth of the yield. Investors ran out of other assets, including precious metals, and its price dropped. Let us see the updated structure of […] The post Gold & Silver: The King Fights Back appeared first on INO.com Trader's Blog.
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  13. Gold Could BE Setting Up For A Breakout (18/02/2021 - INO.com)
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  14. Gold prices trade marginally higher; still down nearly Rs 10,000 per 10 gm from record high (13/04/2021 - Financial Express)
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  15. Gold, silver prices plunges as US dollar strengthens; bullion rates may trade sideways to down (21/06/2021 - Financial Express)
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  16. Gold Price Today, 6 July 2021: Gold trades at 2-week high, holds Rs 47,000; MCX silver above Rs 70,000 per kg (06/07/2021 - Financial Express)
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  17. Gold, Silver prices move up as dollar declines; rates expected to trade sideways this week (19/04/2021 - Financial Express)
    Bullion prices witnessed strong rally with gold prices reporting the best week in the last four months as traders and investors bet against higher inflation worries.
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  18. Gold Price Today, 4 June 2021: Yellow metal falls on weak international trends; MCX silver rates decline (04/06/2021 - Financial Express)
    Gold Rate Today, Gold Price in India on 4 June 2021: Gold and silver prices were trading in the negative territory on Friday as yellow metal in international markets fell to near two-week low
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  19. Gold Price Today, 18 June 2021, gains after falling over Rs 1,500 in previous session; silver rates gain (18/06/2021 - Financial Express)
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  20. Gold to Keep up With Money Supply Growth & All In Sustaining Costs (AISC) (25/06/2021 - Reddit Stock Market)
    Hey r/StockMarket As many of you are probably thinking I was wondering what has been happening with gold and silver lately despite the inflationary news and record government spending not seen since WWII. It all seems that gold and even bitcoin could be poised for new all time highs. Tell me if you think I'm wrong, I am open to thoughts and discussion. I found this resource from the World Gold Council: Gold Outlook 2021 | Gold Market Outlook | World Gold Council They point out that they expect Gold to keep up with money supply and all in sustaining costs which historically the price of gold has. In addition, a big cap mining company called Osisko Mining seems very bullish towards Gold in the latest engagement I've found unfiltered (4) 6 Minute CEO - Osisko Mining - June Update - YouTube In all, I'm just trying to figure out what is happening right now. It seems as if everyone is indexing into a handful of tech names and ignoring gold, silver, and mining.   submitted by   /u/capex- [link]   [comments]
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  21. Gold, silver halt two-week rally on strong dollar; will bullion prices resume upward march this week? (30/03/2021 - Financial Express)
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  22. Gold, silver halt weekly decline as dollar index falls; where will bullion prices go this week? (15/02/2021 - Financial Express)
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  23. Gold, silver under pressure as dollar strengthens; expect bullion prices to trade sideways this week (14/06/2021 - Financial Express)
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  24. Question about inflation and silver (04/05/2021 - Reddit Stocks)
    Saw a post today on another sub reddit that basically made the claim that inflation could actually be here sooner rather than later. There was also talk about investing in gold and silver. Last I checked though, I thought the whole silver hype, that wasn't actually hype, was done to distract from the GME stock to ease the bleeding for companies like Webull, Robinhood, and others as well as hedge funds. So what gives? All I can see when trying to research this is that Warren Buffett said some doomsday sh*t but that's it. I did some more DD on my own but it doesn't seem like there's any evidence of country wide inflation except for steel...maybe. Any answers would be appreciated. In other words should I have invested in gold when those commercials were on lol.   submitted by   /u/cbassthegreat [link]   [comments]
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  25. Where’s the gold and silver? Big money unsure about long term inflation? (15/05/2021 - Reddit Stocks)
    given the scared chicken with its head cut off state of the market the past few weeks, inflation is obviously on everyone’s mind. It’s caused a sizeable sell off as wall street rotates from tech into safer plays such as real estate and defensive plays. My question is, if big money truly thinks the fed will pull the rug and raise rates, why did they buy assets that are already inflated? Real estate is up 30 percent on average, not exactly undervalued. Why haven’t we seen inflows into gold and silver, precious metals are age old hedges against inflation/recessions yet gold, silver and gold miners are barely moving? Is the market really betting on a rug pull or are we just witnessing a classic case of panic selling on bad news?   submitted by   /u/rickylong34 [link]   [comments]
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  26. So the dollar boosted out of its wedge. (04/06/2021 - Reddit Stocks)
    And SPY dropped, along with my IAG. Thoughts on the dollar and if its heading even higher, or was this a small blip and its going back down? I’m hoping for the love of gold and my miners that the dollar heads back down, I need IAG to go back to $4.50 plus before next January. Preferably in the next 2 months. Anyone else playing Gold mining stocks?   submitted by   /u/119ohms [link]   [comments]
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  27. Metals Stocks: Gold retreats, struggles to retain perch at $1,800 as dollar perks up (12/07/2021 - Market Watch)
    Gold futures on Monday trade under pressure, weighed by a perkier dollar and U.S. equities that are holding at or near record-high levels.
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  28. Gold, silver expected to trade sideways to up this week after having slipped as bond yields rose (01/03/2021 - Financial Express)
    The precious metals declined during the previous week with rising US bond yield which also boosted buying in dollar.
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  29. Gold prices fall yet again, off over Rs 11,600 from all-time highs; check MCX gold support resistance (26/03/2021 - Financial Express)
    The optimism over US economic growth is denting the safe-haven demand for gold and the uptrend in dollar index is keeping the gold price lower.
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  30. Gold price today, 20 May 2021: Gold trades flat on rise in US Treasury yield, US dollar; may touch Rs 49,200 (20/05/2021 - Financial Express)
    Gold Rate Today, Gold Price in India on 20 May 2021: Gold prices were trading lower in India on Thursday, as international spot prices were flat and hovering a more than four-month high, on a firmer dollar and rise in US Treasury yields.
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  31. Gold Price Today, 1 June 2021: Gold nears Rs 50,000 on positive global cues; check support, resistance levels (01/06/2021 - Financial Express)
    Gold Rate Today, Gold Price in India on 1 June 2021: Gold and silver prices were trading higher in India on Tuesday, on the back of positive international trends, where gold surged to a near five-month high
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  32. Gold prices fall more than Rs 8,000 from record highs; where is gold headed? Should you buy? (10/02/2021 - Financial Express)
    Gold and silver prices inched higher for the fourth consecutive day in domestic markets on Wednesday, following the positive international trend in global rates.
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  33. Gold Price Today, 10 June, 2021: Gold, silver prices fall on MCX; US CPI, ECB’s monetary policy in focus (10/06/2021 - Financial Express)
    Gold Rate Today, Gold Price in India on 10 June 2021: Gold prices on MCX were trading lower on Thursday, mirroring the weak global trends.
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  34. Gold Price Today, 11 June 2021: MCX gold gains as global rates hover near $1900/oz; silver reclaims Rs 72,000 (11/06/2021 - Financial Express)
    Gold Rate Today, Gold Price in India on 11 June 2021: Gold prices edged higher on MCX on Friday, as globally yellow metal rates hovered near the key $1,900 per ounce level.
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  35. Can The Silver Bugs Alter The Macro? (08/02/2021 - INO.com)
    As to the post’s title, they sure are trying. Despite doubts that the stodgy old likes of me may have. But for two days at least dem bugz is successfully battlin’ dem boyz on da COMEX. The result is that the Silver/Gold ratio (weekly futures chart) has been rammed to a new high for the […] The post Can The Silver Bugs Alter The Macro? appeared first on INO.com Trader's Blog.
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  36. Metals Stocks: Gold prices reclaim perch at $1,700 as yields pull back, dollar softens (09/03/2021 - Market Watch)
    Futures for gold rise sharply and regain trade above $1,700, supported by a retreat in the dollar and a pullback in yields for government debt from one-year highs.
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  37. Invest in silver!! (08/04/2021 - Reddit Stock Market)
    If you’re questioning my credibility, all I can tell you is I know people.... You’d need a big explanation to do make this decision but I’m just going to summarize this quickly... Silver is undervalued x100 Why? Huge global bank Ponzi scheme If you remember the 2008 housing incident with the banks it’s very similar to that. The Ponzi scheme is reaching the end of its cycle probably within the next 10 months meaning silver will absolutely explode. (And gold) The banks are trading tons of silver they don’t have with just paper receipts... so if you invest don’t buy the stock because the stock represents tangible silver. But the tangible silver doesn’t actually exist, meaning the stock won’t redeem itself. You need physical silver. Just look at J.P. Morgan. They are hoarding all the silver right now because they are aware of what’s going to come. Netherlands already started paying off people with cash because they can’t give them back their silver an entire year ago. Research bank holiday.... the banks are going to try to cover up what’s happening behind the scenes. If too many people demand they’re silver from the banks at once, the banks will be completely exposed. And if they’re never caught for their Ponzi scheme, at least you prepared for it in case it happened. Think of it as money insurance. We know it’s there so bet on it happening because it will pay off immensely. I recommend getting Canadian maple leaf silver coins because they don’t have the terrible American certification. Be wise with this information. Q   submitted by   /u/griffinhay24 [link]   [comments]
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  38. Metals Stocks: Gold hangs around 9-month low as dollar heads for weekly climb (04/03/2021 - Market Watch)
    Gold futures trade lower Thursday with bullion near its lowest in nearly nine months, amid a weekly rise in the U.S. dollar and U.S. Treasury yields holding near their highest levels in a about a year.
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  39. Metals Stocks: Gold prices tumble 2% as 10-year Treasury surges above 1.75% and dollar rises (30/03/2021 - Market Watch)
    Gold futures are hit Tuesday by rising bond yields and a rising U.S. dollar as coronavirus vaccine rollouts lift expectations for higher inflation as economies recover, particularly in the U.S.
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  40. Metals Stocks: Gold prices extend climb to highest level since February as dollar sinks to 2 1/2-month low (10/05/2021 - Market Watch)
    Gold prices add to gains Monday, supported by a weakening of the U.S. dollar to around a 2 1/2-month low.
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  41. Gold Price Today, 30 June 2021: Gold flat, set for worst monthly decline in over 4 yrs; silver below Rs 69,000 (30/06/2021 - Financial Express)
    Gold Rate Today, Gold Price in India on 30 June 2021: Gold prices were trading flat in India on Wednesday as international rates remained steady ahead of US jobs data due later this week.
    [visit article]
  42. Metals Stocks: Gold prices aim for third straight rise as bond yield and dollar’s gains cool (11/03/2021 - Market Watch)
    Futures contracts for gold on Thursday head higher for a third straight session, helped by an abatement in the recent recovery of the U.S. dollar and a retrenchment in yields for government debt.
    [visit article]
  43. Metals Stocks: Gold edges lower as dollar bounces (11/06/2021 - Market Watch)
    Gold futures edge lower Friday, losing ground as the U.S. dollar edges higher.
    [visit article]
  44. Metals Stocks: Gold edges lower as dollar bounces (11/06/2021 - Market Watch)
    Gold futures edge lower Friday, losing ground as the U.S. dollar edges higher.
    [visit article]
  45. Metals Stocks: Gold extends climb to highest level since February as dollar sinks to 2 1/2-month low (10/05/2021 - Market Watch)
    Gold prices climb on Monday, headed for a fourth consecutive gain, supported by a weakening of the U.S. dollar to around a 2 1/2-month low.
    [visit article]
  46. Metals Stocks: Gold futures pull back as the U.S. dollar and yields drift higher (29/06/2021 - Market Watch)
    Gold futures head lower Tuesday morning, weighed by a pickup in yields for government debt and some firmness in the U.S. dollar.
    [visit article]
  47. Metals Stocks: Gold prices pull back as dollar and yields rise to end the week (09/04/2021 - Market Watch)
    Gold futures on Friday retreat a day after the biggest daily gain of the month, weighed by a rise in bond yields and a strengthening dollar.
    [visit article]
  48. Metals Stocks: Gold prices pull back as dollar and yields rise to end the week (09/04/2021 - Market Watch)
    Gold futures on Friday retreat a day after the biggest daily gain of the month, weighed by a rise in bond yields and a strengthening dollar.
    [visit article]
  49. Big picture - tech stocks, silver, gold, oil & bitcoin (13/03/2021 - Reddit Stock Market)
    Tech stocks I’ve been back and fourth constantly this year on the next direction in stocks. This isn’t normal for me, it’s a product of the conditions that are at hand. Prices are elevated on fed support. Natural forces are trying to correct, but are unable to make real progress. We've seen a good correction in tech and momentum stocks in the last few weeks, but other indexes continue to push higher. Until their is a broad correction or consolidation I will continue to day trade as I am too cautious about holding anything long-term. If we see a breakout in tech, that will confirm the bubble and I will buy the breakout and hold. Dollar The dollar needs to continue its bounce higher before its next move down too. Bearish bets on the dollar reached extremes and time or a large spike higher is needed to gear up for another move lower. A move to new highs on the EUR/USD will signal another phase of appreciation in stocks and metals. I don't expect that to happen immediately. As long as the dollar is rising I'm happy to be in cash waiting for the right opportunity. Silver Silver remains stuck in a range. After the silver squeeze didn’t force a breakout above $30 it was clear that controlling forces weren’t going to allow it to take off immediately. I still believe a move higher is coming, but more correction and sentiment wash-out is needed before that happens. I’m keeping an eye on some of the new PSLV pumpers to see when their focus shifts. Once many of them give up silver will be ready to take off. Gold, gold miners, and platinum Gold is still much worse off than silver. It’s been in a downtrend since August and has been forcefully rejected on two big breakout attempts. It typically dominates the metals market and others are pulled in its direction. Like silver, it is being held down. A tell-tale sign is to watch miner price activity along with the price of gold. Miners are more volatile than gold when it moves up or down and can often front-run the next direction in gold. I’m watching price action in GDX, GDXJ, leveraged versions of those securities, and some other individual miners to possibly telegraph the start of the next move. Breakouts in miners could signal the buying opportunity. I also watch platinum for similar cues. Like tech stocks, it has been weaker than I would like on this bounce. It and other metals have to correct, consolidate, or show a forceful move higher on volume before I’m interested. I’m ok with missing the initial move to break out in all metals. If they suddenly jump, there will be plenty my if room to run higher in a short amount of time. I will be ready to buy, even if it seems like I've "missed the move". Oil Oil continues to be in the late stage of a bull run. It’s hard to stay on the sidelines and focus on other things when other traders seem to be making easy money. I made plenty in oil. I bought OIH in November when oil was at 45, and held to 60. Trying to capture another 10% or so from here isn't worth it for me. As a general rule, when price appreciates too fast, I see too much risk of a sudden move down. These moves can erase weeks of gains in days and traders keep buying thinking it’s just another dip. I like to wait until technicals cycle back down before buying. It means I miss out on some big final moves higher, but those moves are often unpredictable and can reverse at any moment. Calling a top isn’t possible so I prefer to decide when I’ve made “enough” and focus in other areas. Follow your plan, RSP   submitted by   /u/RelativeStrengthPro [link]   [comments]
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