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Date Posted: 8:48:54 1/23/23 Mon
Author: Jasper
Subject: An opinion on the dxy and gold.

.
In summary, the DXY is just waiting for a catalyst for a rebound to 106-110 imho. A drop back to the 3600s in the S&P may be sufficient. When that happens, Gold and Silver will most likely head south, at least in the short-term, before they get wind of the inevitable Fed 180. Until then, the metals can continue higher.

On a final note, I am only expecting a big “bounce” in DXY to 106-110, but thereafter, I am forecasting a drop to 90, 80, or perhaps even 70. If and when that happens, Gold hits new record highs at 2300+ and Silver goes to ~40 or beyond.

https://www.sprottmoney.com/blog/It%E2%80%99s-all-about-the-DXY-January-19-2023

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