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This interview was filmed on June 29, 2021; link to part two coming soon!
Gold has traditionally moved inversely to interest rates, but Lobo Tiggre, founder and CEO of IndependentSpeculator.com, has noticed a change he believes is worth noting.
He explained to the Investing News Network that the yellow metal has recently become more responsive to strength in the US dollar. “Usually it’s the nominal rate as a proxy for real rates that does that mirror image with gold … it’s the most explanatory variable over the last 50 years since the separation of gold and the dollar,” he said.
“But very recently it’s this year begun doing much more of that mirror action with the dollar as represented by the DXY dollar index, (the) dollar on foreign exchange.”
0:00 – Intro
0:34 – Gold, the US dollar and interest rates
5:05 – Lobo’s outlook on the US dollar
8:52 – Implications of Lobo’s research for gold
12:10 – How gold stocks have performed this year
14:34 – Market crash potential and how to prepare
18:14 – Outro
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.