GOLD up up up

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 The dollar rallied a bit over the past month, but it was short-lived... And this fall in the dollar is exactly what gold investors needed.

You can look at a chart like the one below and see the negative correlation between the dollar and gold going back to 2006. Look at the way that gold and the U.S. Dollar Index often make simultaneous, but inverse moves...

This chart clearly shows a negative correlation over a long time frame. And it means that if we want to know where gold is headed, we need to understand the dollar.

So, let's take a long-term look at the U.S. dollar...

Federal Reserve Chair Jerome Powell recently stated that it may take more rate hikes than anticipated to tame inflation. While this may be the case, we're much closer to the end of this rate-hiking cycle than the beginning.

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