Gold News: US Analysts Think That the Dollar Rally’s Over [Details]

candlestick chart, stock market chart
Written by Mike Hammer

A poll of US Dollar analysts reveals that most analysts think the rally is over.  A Reuters poll reveals the majority of analysts think the good times are over and it’s just a matter of time before the Dollar slips.  Over the last year, the main factor in the Dollar’s rise was the Federal Reserve increasing interest rates, giving the Dollar a better return.

But now the Fed has signaled a possible pause in interest rate hikes, and analysts see that as weakening the Dollar going forward.  And of course, a falling Dollar usually means increasing gold prices.  How much time does the Dollar have?  You’ll have to read today’s featured article to find out.

Continue reading at Reuters.com

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as a continuing theme. Mike graduated with a business degree, then worked with Macy's. After Macy's he spent a summer trading his own account, which taught him a lot about trading in general and markets in particular. Trading through the Black Monday and the Crash of 1987 showed him how most people are unprepared for upheavals in their trading. He then joined a well-known financial planning firm as a financial advisor, helping regular people understand their finances and meet their life goals.

Then came the usual story - Mike met and married the lady of his dreams. They moved to upstate New York, where he worked first for a small manufacturing consulting company, then a major university. While loving the work and the higher-education atmosphere, Mike missed the world of finance. Eventually, he signed up for stock trading coaching with the Adam Mesh Trading Group, to learn from people who understood modern markets. Within a year, Adam asked Mike to become a stock trading coach.

Since then, Mike has trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to conference calls across the Adam Mesh community. Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keep him in touch with "the student mindset". Mike closely follows the gold, energy, and financial sectors. His motto is "Plan your trade, then trade your plan!"

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