Gold’s New Dance with the Dollar

Published on October 30, 2017

How big of a role should gold play in your portfolio today?

It’s a question every investor should be asking. That’s because this year gold has surged 12%. Compare that to the stock market’s lagging 9% bounce. To some analysts this could spell the beginning of a yellow metal bull.

Reinforcing that view is Credit Suisse which projects the price of gold to peak at $1,400 an ounce by the end of the year.

Similar in outlook is Citigroup which looks for a $1,300 summit.

However, the U.S. dollar is making moves too. Moves that should seemingly blunt gold’s bull-run.

After all, a strong dollar has traditionally signaled gray skies for gold. That may not be the case today for a variety of reasons.

Brent Johnson recently did a three part video series on gold’s dance with the dollar for Real Vision.

In the first video of this series, he talks with four highly regarded experts to unearth what’s happening with gold miners, demand, and the charts.

Gold expert, Ronald-Peter Stoeferle, said, “It’s going to be a strong dollar which causes all the problems which eventually lead to gold’s rise.”

Simon Mikhailovich told Johnson that, “Gold is still outperforming stocks by about 100 basis points so far this year.”

And Ned Naylor-Leyland says, “My signals are telling me we’re still in a bull market, have been since March of last year, possibly February, March last year.”

But what does this mean for you? Watch The Big Story: Gold and the Dollar Part One in full below.

To watch the full series, go to www.realvision.com and get a free 14 day pass.