Sentiment Speaks: Setting up a U.S. dollar crash and metals rise

Seeking Alpha/Avi Gilbert

“[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

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