US Dollar and Gold

by 石志偉
(China)

Gold Weekly Chart

Gold Weekly Chart

Since the greenback dropped below the 100 level on a dollar index, hedge funds will likely switch from purchasing US dollars and selling contracts on yellow metal to getting rid of dollars by adding paper contract-gold. However, that’s only for starters. The India Narendra Modi hard cash elimination project did not put the stop on Indian yellow metal imports. China, as well as Russian Federation continuously suck in vast numbers of real gold. This will help to generate “substance” into the hedge funds and drive massive paper gold-silver trading.

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starstarstarstarstar 		China push
by: Peter

It can be unfortunate for New York speculators, however, there is a country known as China which will push commodity prices. It's been acquiring gold at a hectic rate and doesn't worry about any national pricing regulations that could have kept in yesteryear once the USA was more internationally noteworthy compared to these days.

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