As the Dollar Bottoms, Will Gold Drop?
Source: Toro, Seeking Alpha (6/17/08)
There has been a whole lot of chatter about how gold is going to go down because the dollar may be bottoming. We believe that there is a significant probability that the reflexive anti-gold/pro-dollar trade is wrong.
Here at Running of the Bulls we are bullish
First, it looks like the dollar may be bottoming.
In addition, gold has traded in the opposite direction of the dollar over the past few weeks. But gold has generally gone down less than the dollar has gone up...