Chris joins Jim Goddard on Howestreet.com to discuss the latest moves of precious metals. This year, the US dollar has put in a major double bottom pattern and in the last three weeks has been threatening to break out above 95. If that happens, we are probably going to see a pretty big shift in commodity pricing, mostly precious metals.
Metals are hanging on by a thread, trading at resistance, and in a downtrend. If the dollar pops and rallies, don’t be surprised if the gold and silver go into a multi-week correction.
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