by Chris Kimble | Nov 8, 2024 | Kimble Charting
In a world where the US Dollar still makes the world go round, it’s vitally important that investors pay attention to potential pivot points for the buck. There’s a reason why we call it King Dollar! When it is weakening, we often see a tailwind for gold and other...
by Chris Kimble | May 3, 2024 | Kimble Charting
The U.S. Dollar is a key variable in all aspects of the marketplace. The strength of the dollar factors into the price we pay for food, gas, and everyday groceries. It also affects the equity and bond markets as investors factor in the risks of a dollar that is too...
by Chris Kimble | Nov 3, 2023 | Kimble Charting
The U.S. Dollar rally has taken a breather, with the King of the currency world trading sideways for the past several weeks. But there is a reason for this pause, as you can see in today’s “weekly” chart of the U.S. Dollar Index. King Dollar ran into its 50% Fibonacci...
by Chris Kimble | Sep 21, 2023 | Kimble Charting
When the U.S. Dollar is rallying and at full strength, it is a clear headwind for precious metals like gold and silver. But when King Dollar loses his crown and is weakening, it is a clear tailwind for precious metals. Today’s chart of the U.S. Dollar Index highlights...
by Chris Kimble | Aug 14, 2023 | Kimble Charting
The U.S. Dollar has been in a choppy rising trend higher since bottoming in 2007/2008. You can see that rising channel in today’s long-term chart (above). BUT King Dollar has been under pressure in recent months. So if the U.S. Dollar wants to keep climbing into...
by Chris Kimble | Jul 14, 2023 | Kimble Charting
After peaking in 2022, the US Dollar Index has spent nearly a year in decline. But it may be set to fall even further. And any further weakness in King Dollar will be bullish for precious metals like Gold and Silver. Today’s chart looks at the US Dollar Index on a...
by Chris Kimble | Jun 9, 2023 | Kimble Charting
When the U.S. Dollar is strong, it is a headwind for precious metals. And when the U.S. Dollar is weak, it is a tailwind for precious metals. Today we check in on this relationship by looking at a “weekly” chart of the U.S. Dollar versus the Gold Miners ETF (GDX) and...
by Chris Kimble | May 3, 2023 | Kimble Charting
When the US Dollar broke out to new highs last year, it looked like nothing could stop the greenback. And the headwind of a strengthening Dollar made it difficult for precious metals like Gold and Silver to advance. BUT… King Dollar has fallen nearly 15% from its...