NML 0.00% 11.0¢ navarre minerals limited

Strategic Review, page-51

  1. 4,285 Posts.
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    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. 

    https://hotcopper.com.au/data/attachments/1439/1439622-4b67b9d148c88d6d46bae087bcf1c564.jpg


    Last edited by anatol: 15/02/19
 
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