USD Index versus Gold and Silver in EUR 2008-2011

7 lug 2022

Most of the times, when USDX goes up, Gold and Silver go down. However, there are time periods in which USDX goes down along with gold and silver. Or times when USDX goes down and gold and silver go down. Such bad market times for gold and silver happen, however these tend to be somewhat short-lived. For longer periods of time, gold and silver tend to go up strongly especially when USDX goes down. It feels like we are in July-October 2008 all over again as USDX is up while gold and silver down. A year-long upward trend may be in the making shortly thus representing buying times now. When this happens, gold starts to move up first with silver lagging behind to find a bottom while USDX consolidates at high level to eventually drop