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Dave Kranzler: The price of gold when the dollar index hits 70
1:47p ET Tuesday, October 6, 2020
Dear Friend of GATA and Gold:
While they are inversely correlated over the long term, gold and the U.S. dollar don't always behave consistently toward each other, Dave Kranzler of Investment Research Dynamics in Denver writes today. Indeed, Kranzler writes, since March gold has risen almost 32 percent while the dollar index has been largely unchanged.
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But with economic conditions in the United States sinking steadily, Kranzler writes, the dollar is bound to fall, boosting the monetary metals again.
His analysis is headlined "The Price Of Gold When the Dollar Index Hits 70" and it's posted at IRD here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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