by Peter Cooper, Arabian Money:
Did the US dollar just top out coming into the New Year? This trade was so stacked to one side that it just had to fall over in the view of real market contrarians (click here). It’s great for gold and silver prices if the dollar is actually on the way down this year and not still going up as virtually every pundit had it. Gold touched $1,237 this morning, close to its breakout level for much higher prices.
For this week, the greenback could see further declines as upcoming economic data releases could come in below expectations, says Kathy Lien, Managing Director at BK Asset Management…
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