The U.S. Dollar Index (DXY) is breaking down this month exactly as we predicted.
The downtrend below 91.70 will only add to the downward momentum we’ve seen play out this year. We expect heavy selling pressure to begin below 91.55.
Gold is now making new bull market highs and has a real shot at making a new all-time high this year, in our opinion.
Our 12-month forecast for gold is $2,500, silver $60, and Bitcoin $10,000.
Even though inflation can be very good for stock prices, we are recommending to sell S&P 500-related stocks. These stocks have never been more expensive, and they are long overdue for a correction.
The fact that gold shares haven’t gone parabolic in the past week is a gift to new buyers. This is a classic case of investor sentiment and contrarian indicators.
Gold is a buy, and the gold shares are a screaming buy!
Yet, investors who’ve just gone through a correction want nothing to do with this very healthy gold bull market that is now making new 52-week highs!
Big gains are ahead for all of us.