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US Dollar Set to Rally and Gold Collapse?

Commodities / Gold & Silver 2019 Feb 28, 2019 - 11:37 AM GMT

By: Chris_Vermeulen

Commodities

The US Dollar is poised to rally back to near $97.50 as this recent downside price swing ends.  We believe the US/China trade talks and North Korea deal with result in a strong upside potential for the US Dollar and the US stock market as time progresses.

A certain number of industry analysts are starting to announce the recent December 24th lows and subsequent rally as a “new bull market”.  We have been suggesting to our followers that this market has lots of room to run as a continued global capital shift takes place.  We do expect some price rotation over the next 3~5+ weeks in certain sectors – including the US stock market and Gold.  We believe the US Dollar strength will continue to push higher, above $97, with the potential to reach near $99 before the end of this year.


Just take a look at the weekly gold chart price range and support zone. As we know, in most cases when the dollar rallies gold falls.

Please take a minute to visit www.TheTechnicalTraders.com/FreeResearch/ to read all of the most recent research – including our very detailed 5-part global economic research series.  This post is very important because it shows predicted price levels going all the way into 2021 and highlights why this “new bull market” may just be getting started.

Chris Vermeulen
www.TheTechnicalTraders.com

Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic

Through years of research, trading and helping individual traders around the world. He learned that many traders have great trading ideas, but they lack one thing, they struggle to execute trades in a systematic way for consistent results. Chris helps educate traders with a three-hour video course that can change your trading results for the better.

His mission is to help his clients boost their trading performance while reducing market exposure and portfolio volatility.

He is a regular speaker on HoweStreet.com, and the FinancialSurvivorNetwork radio shows. Chris was also featured on the cover of AmalgaTrader Magazine, and contributes articles to several leading financial hubs like MarketOracle.co.uk

Disclaimer: Nothing in this report should be construed as a solicitation to buy or sell any securities mentioned. Technical Traders Ltd., its owners and the author of this report are not registered broker-dealers or financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including this report, especially if the investment involves a small, thinly-traded company that isn’t well known. Technical Traders Ltd. and the author of this report has been paid by Cardiff Energy Corp. In addition, the author owns shares of Cardiff Energy Corp. and would also benefit from volume and price appreciation of its stock. The information provided here within should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. Technical Traders Ltd. and the author of this report do not guarantee the accuracy, completeness, or usefulness of any content of this report, nor its fitness for any particular purpose. Lastly, the author does not guarantee that any of the companies mentioned in the reports will perform as expected, and any comparisons made to other companies may not be valid or come into effect.

Chris Vermeulen Archive

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