Dollar Weakness Sustains Gold Prices

Source: VantagePoint Intermarket Analysis Software
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  • The market moved up 62.2 dollars.
  • 62.2 dollars = $6,220 per contract (About 17 trading days)
  • When the blue line (forecast) crossed above the black line (actual), VantagePoint predicted the market to trend up. The Neural Index at 1.00 also indicated an expected up trend.
  • The precious metal has been rising over the past few weeks as the dollar drops against other major currencies in the midst of improving economic data.
  • Prices soared 10 percent in May after two straight months of declines, and are up 11.3 percent for the year.