Taking down the killer dollar
“We maintain a bullish outlook for gold, based on the assumption that the dollar will weaken and global bond yields stay low. Following a period of consolidation, gold could move higher to reach $1550/oz by year end before moving higher into 2020.”
USAGOLD note: This lengthy report lays out a positive case for gold based on a continuation of current trends, including a strong dollar. In short, Saxo sees gold and the dollar rising in tandem as they have since about mid-year.
Repost from 10-6-2019