The Cartel Could Be Losing Its Grip As Gold & Silver Break-Out In Price While The Dollar Breaks-Down
SilverDoctors.com
January 24, 2018
There is very weak support on the weekly, no pun intended, at possibly 88 or 85, but the major support isn’t even until dropping all the way down to 80.
Yikes!
So now the cartel has their work cut out for them, because, generally speaking, you can’t have it both ways.
You can’t have a weak dollar and low gold & silver prices. The dollar and the precious metals generally, but not always, run in the inverse of each other.
In this case, we are talking about the inverse, because gold and silver are coming out of their bear markets (with their new bull markets confirmed in 2016), and the dollar is coming off of is recent bull market (which lasted from mid-2014 until January 2017).
Said differently, while the dollar, gold and silver can move together in price, this time, they will not.
The dollar is going down and gold & silver are going up.
You see, as every other country in the world can measure their worthless debt-based fiat currency against a worthless U.S. dollar, the only thing the worthless U.S. debt-based currency can measure itself against is gold (and silver).
So a weaker dollar naturally spells out higher gold and silver prices.
I’ve been talking about this $16.90 to $17.10 range in silver that has developed over the last several trading days.
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