Gold is Now Impervious to Dollar Pain!

Gold exhibited important strength against a dollar headwind last week that I believe implies the precious metal sits on solid ground here and faces little downside risk. Thursday’s impressive performance against dollar strength says to me that it might be impervious to dollar pain at this level. With my expectation that the dollar should top out soon, I think gold investors can make base camp here and wait for upside catalyst; in other words buy. See my full report on gold and the dollar here.

Security	02-26-15	YTD	TTM
PowerShares DB US Dollar Bullish (NYSE: UUP)	+1.0%	+4.1%	+16.8%
SPDR Gold Trust (NYSE: GLD)	+0.3%	+1.7%	-9.4%
Market Vectors Gold Miners (NYSE: GDX)	+0.8%	+13.1%	-19.7%
Market Vector Junior Gold Miners (NYSE: GDXJ)	+0.8%	+9.4%	-36.0%
iShares Silver Trust (NYSE: SLV)	+0.1%	+5.1%	-22.5%

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