Sentiment Speaks: Setting up a U.S. dollar crash and metals rise
“[W]e think that the US Dollar has begun a major decline phase, which will likely take us into the 2021 time-frame. Moreover, with the metals currently setting up for what can be a multi-year rally as well (as I discussed in my prior metals articles), this is one commonly held correlation belief that seems to be supported by the underlying charts we track.”
USAGOLD note: Avi Gilbert bases his analysis on Elliot Wave Theory and now thinks the cycle is turning in gold’s favor and against the dollar. For the full analysis, we recommend a visit to the link.
Repost from 12-24-2019