I am observing very interesting action in gold price in these days. This issue is being discussed in the gold sector atm. I just wanted bring it to your attention by the chart I have created below.
Historically when US dollar goes up gold price goes down or vice versa. See the chart below.
However in the last 6 months something has changed and Gold price and USD Index are both moving together at the same direction: UPWARDS. See the last part of the chart.
I think dollar index will stop increasing soon and gold will increase significantly.
I believe the gold producers, developers and explorers will get huge benefits from the higher gold price.
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