By Cory Gold – The Fed Rate Hike and Correlation With The USD
Doc joins me today to focus on gold in terms of the upcoming rate hike and its recent inverse correlation with the US dollar. Many gold bulls are pointing to next week when the Fed raises rates as a time when gold will bottom. This has happened the last 2 years but as doc notes the bounces have gotten weaker. As the the US dollar, when it bottomed in September gold topped at the exact same time. Since then it has been gold lower and dollar higher.
Source:: The Korelin Economics Report