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** Market Conditions Alert
**
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The U.S. dollar has been breaking
down as capital continues to flow out of America, creating a strong tailwind
for gold.
Meanwhile, the yellow metal
rallied to $3,500 in last night's overnight session but has since pulled back to
trade near yesterday's close of $3,437.
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Frenetic Chinese
buying is a major driver fueling this month's gold rally, but so is the
rotation of capital out of stocks and bonds into the best performing asset class
of the year, by far.
The Dow:Gold ratio is
breaking down badly – i.e. stocks are doing even worse in terms of gold.
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If this key ratio returns to its 2011
low, that points to a 50% further decline in stocks as compared to gold
bullion.
Meanwhile, silver is trading sideways
around $32.90 this morning. The "poor man's gold" continues its underperformance
to gold but has nevertheless been handily beating general U.S. stock indices.
Both buying and selling of gold
coins, bars,
and rounds have
increased in recent days.
Premiums at Money Metals remain at
multi-year lows – meaning that purchasers are able to acquire gold ounces at
just a smidgeon over the global spot price.
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Other Great Options to
Consider
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This copyrighted material may not
be republished without express permission. Offer only available through email
promotion. Offer does not apply to previous orders and may not be combined with
any other offer or program. Special shipping rates or other restrictions may apply
to international orders. The information presented here is for general educational
purposes only. Money Metals Exchange and its staff do not act as personal
investment advisors. Nor do we advocate the purchase or sale of any regulated
security listed on any exchange for any specific individual. While our track
record is excellent, investment markets have inherent risks and there can be no
assurance of future profits. You are responsible for your investment decisions,
and they should be made in consultation with your own advisors. By purchasing from
Money Metals, you understand our company is not responsible for any losses caused
by your investment decisions, nor do we have any claim to any market gains you may
enjoy. Money Metals Exchange is not a regulated trading ???exchange??? as defined by
the CFTC and the SEC.
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