Clive Maund is bullish on gold...

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    Clive Maund is bullish on gold
    https://www.streetwisereports.com/a...-the-overall-outlook-is-strongly-bullish.html

    Gold's rise may be in part due to the currency debasement of USD as the Fed continues its unofficial QE4, but that didnt really explain the full story as Gold in AUD and EUR also held their own.

    You can read about the prospects for gold in the article above, but I wish to draw your attention to whats happening with the USD.
    It is facing some pressure as you can see. Fed's money printing cannot sustain the  USD rally the past year (can a stock that continues to dilute shareholders with CR after CR maintain its price in the long run?) and besides both Trump and the Fed desire a weaker dollar to remain competitive. And the market reads that and responds accordingly.

    What does that mean? Perhaps our AUD may not go down any further against the USD and if does, it may be because we have retreated further economically than most expect. Short of the latter, a stronger AUD is not good news for our global Aussie icons doing business largely in the US, e.g CSL, Boral, Amcor, Appen etc etc.




    A chart that really gives the game away and calls time on the dollar is the 6-year chart for dollar proxy UUP. As we can see, unlike the dollar index itself, this has risen
 
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