Loading ...Those are the top 3 headlines today all traders should be focusing on. Gold is on fire, as we at Alphas Edge have predicted it would happen. It’s just simple math folks, limited supply but unlimited demand. You can just print money, but that means the cost to mine Gold goes up so Gold HAS to become more expensive to make it mining the metal worthwhile.
The US Dollar on the other hand is getting raped from every angle. US government has talked of strong dollar policies while simultaneously acting to weaken the dollar. To add insult to injury, our Saudi friends have gang banged the dollar with other oil producing nations in a plan to replace the dollar as the currency of choice for oil. The dollar is falling against nearly every currency this AM. Naturally, this goes well for the equity markets and causes the stock market to rally.
Tomorrow starts a new earnings season. Things can get really interesting because in the past, when companies report bad numbers, the stock market falls but the dollar rallies. What is important for everyone to keep an eye on is if the US Dollar falls while the US stock market falls. This would be a huge danger signal that things are about to change in a big way.
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