From Investing.com: 2024-11-07 10:27:00

The USD Index has seen a significant rally, potentially reaching a critical high of 120, which could have negative implications for the precious metals market. Historical trends suggest that gold, silver, and mining stocks could see a bearish trend. Speculation about the decline of the USD in favor of other currencies is unlikely to happen soon, with a potential move towards CBDCs instead. The current market trends mirror those of 2011, indicating a possible top in gold prices. A decline in world stocks could trigger significant declines in mining stocks, similar to what was seen in 2008 and 2022.



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