Dollar, Gold and Silver Chart Analaysis
Commodities / Gold and Silver 2016 Jun 10, 2016 - 02:39 PM GMTBy: Gary_Savage
$USD – If the dollar gives us a normal duration intermediate cycle, it will not be due to bottom until September or October.
$GOLD – Assuming gold continues to decouple as the dollar completes its final intermediate rally, we could see gold trend generally higher until fall. I would think a reasonable target by then to be be between 1450 and 1550.
$SILVER – The pullback in gold was a bit shallow at only 38%. But silver retraced 50% and that is a completely normal intermediate cycle decline.
Gary Savage
The Smart Money Tracker
Gary Savage authors the Smart Money Tracker and daily financial newsletter tracking the stock & commodity markets with special emphasis on the precious metals market.
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