Daytr .. cut & paste below ...Metal prices have plenty of...

Daytr .. cut & paste below ...

Metal prices have plenty of reasons to rise...

For starters, confidence in the U.S. dollar is still eroding.

"The U.S. Dollar Index (DXY) is right where it was in 2008 before the crash. It's hovering at the 80 mark. Critical support is at 79... and if it breaks through that, we could see a steep decline like we did in 2007/08, 2009, and 2010/11."

If the dollar breaks lower... gold will break higher.

"Frank Holmes of U.S. Global Investors, which manages 13 mutual funds, had this to say about it in a note to clients last month:

The recent macroeconomic data released has helped propel the equity markets higher, based on the notions that (1) the recovery is in full swing and (2) the labor, manufacturing, and economic releases are at multi-year highs. One would expect that the taper talk 2.0, which has followed recent macroeconomic data releases, would have the U.S. dollar flying high.

But as the chart above shows, the exact opposite has happened. In fact, despite the calls for December tapering piling up on the basis of visible improvements to the labor market, the U.S. dollar has failed to respond. The U.S. dollar trades in the foreign exchange market, which transacts well over $4 trillion on average per day, making it the most liquid market, and clearly one where any type of manipulation is nearly impossible.

The interpretation we give to this is that the U.S. dollar weakness signals tapering is unlikely in the short term, and a continuation of the U.S. dollar downtrend is likely. These developments should bode well for gold going into the new year as we expect the historic negative correlation between Gold and the U.S. dollar to gain momentum".

Here's the chart from BullMarketRun.com .. hopefully attached.

Just FYI .. not my opinion