However the whole of this analysis was first made available to Patrons who support my work on the 9th of September. So to get immediate First Access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.

US Dollar

Well this chart says it all! Maybe I should have analysed the US Dollar instead of Gold! Do you see what I see? Can't really miss it. There currently exists (well for at least the past 2 years) an extremely strong inverse correlation between the Gold price and the US Dollar!

Whilst I will come back to an in-depth analysis of the US Dollar in a future article. However a quick technical take shows that the US Dollar is in a trading range with an upward bias that is likely to persist for the remainder of this year which implies DOWNWARDS PRESSURE ON THE GOLD PRICE!

Why is the US Dollar strong? Strong economy, rising interest rates. US exporting chaos abroad i.e. trade wars that suck in capital from worried foreign and domestic investors as I mentioned in my 21st July in-depth stock market analysis and trend forecast.

And finally here's a unique walk across Westmisnter Bridge, one of the London's top 3 tourist must do's AND in VR 360, so you can look around in any direction.

The whole of this analysis and my concluding trend forecast has already been made available to Patrons who support my work. So to get immediate access right now and First Access to ALL of my future analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.

Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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