Gold price, page-13478

https://goldprice.org/spot-gold.html

Gold at USD1357 at time of posting


https://www.silverdoctors.com/gold/...er-break-out-in-price-and-dollar-breaks-down/

The Cartel Could Be Losing Its Grip As Gold & Silver Break-Out In Price While The Dollar Breaks-Down
January 24, 2018 41 2069
SD Midweek: The cartel can’t have it both ways, and now, the cartel may be losing its grip…

Overnight and into the morning gold and silver have surged:





Likewise, the dollar took a dump:



The word coming down the pike is Steve Mnuchin dropped the “we want a weak dollar” bomb in Davos.

The technicals in the dollar were already looking downright bearish:



And now we have the dollar index printing an 80 handle.

The significance of this dollar move can be seen in the following chart:



That’s a weekly chart, meaning that each candle represents one week of trading action.

It is significant if you will notice where the support levels are, or better said, notice the lack of support.

There is very weak support on the weekly, no pun intended, at possibly 88 or 85, but the major support isn’t even until dropping all the way down to 80.

Yikes!

So now the cartel has their work cut out for them, because, generally speaking, you can’t have it both ways.

You can’t have a weak dollar and low gold & silver prices. The dollar and the precious metals generally, but not always, run in the inverse of each other.

In this case, we are talking about the inverse, because gold and silver are coming out of their bear markets (with their new bull markets confirmed in 2016), and the dollar is coming off of is recent bull market (which lasted from mid-2014 until January 2017).

Said differently, while the dollar, gold and silver can move together in price, this time, they will not.

The dollar is going down and gold & silver are going up.

You see, as every other country in the world can measure their worthless debt-based fiat currency against a worthless U.S. dollar, the only thing the worthless U.S. debt-based currency can measure itself against is gold (and silver).

So a weaker dollar naturally spells out higher gold and silver prices.

I’ve been talking about this $16.90 to $17.10 range in silver that has developed over the last several trading days.

Here you can see the “allowable range” clearly:



Notice the smash yesterday.

It seemed like the cartel wanted silver kept in that range through options expiration.

Oops.

They’re losing their grip now with this break-out and will have their work cut out for them if they are to keep silver range-bound.

The cartel nearly succeeded in smashing silver down below its 50-day moving average yesterday:



Of course, if Stevie wants a weaker dollar, and if Stevie gets a weaker dollar, then it stands to reason that we’re gonna get higher prices in the white metal.

Gold has been performing much better than silver:



Gold is now squarely battling $1350 and setting up to challenge the highs of last September at $1362.

The gold to silver ratio is presenting what looks like a top and the peak opportunity to make an arbitrage play:



If this break-out in the precious metals is real and we get another up-leg from here, then silver will have to play catch-up, so we would see a falling ratio in the number of ounces of silver it takes to buy one single ounce of gold.