Gold In Excess Of $8000 While US Dollar Collapses
By: Hubert Moolman
GoldSeek.com
Wednesday, 7 September 2016
The US Dollar Index is not a measure of the value of the US dollar relative to gold. However, there is a relationship between the US Dollar Index and gold price rallies.
The best gold price rallies came during periods where the US dollar index was in a declining trend. During the 70s, for example, the US dollar index was in decline during the major gold rallies (1971 to 1974, and 1976 to 1980).
The same, but opposite, is also true for the biggest gold declines, in that they occur when the US dollar index is having its best rallies.
Below, is a US Dollar Index chart (from tradingview.com) since 2012:
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