News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
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Gold Market Wire

News, analysis and commentary for gold traders and investors

FX Watch

US Dollar in Dramatic Surge

August 21, 2020 - (Gold Market Wire) - The US Dollar has had a dramatic surge in early US trade, gaining back almost 1% vs. the Euro from a roughly 10% decline that began in mid-May. We have touched down on the trend line as the market awaits the first test of support for the Euro.

today's move - so far (daily chart)

The fall kicked off with the New York opening, as we see here:

... the 30 minute chart

Such a move hasn't been lost on the Gold and Silver markets, which are feeling the heat now. Silver has touched $26.04 intra-day and is under some pressure.

can Silver close above the horizontal?

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