Gold Rises As Dollar Falls September 7, 2017 The U.S. Dollar at a 32 month low this morning boosting the price of Gold. Weakening dollar causing the price of Gold to break thru a solid of support at the $ 1348 level in December. The question remains looking at how far the dollar has declined can we get a sustained rally in the price of Gold? And the answer is no, not unless we see a rotation out of Equities. There needs to be a catalyst , a declining dollar helps but the price of Gold needs more. And for whatever reason it may be, North Korea or a total stalemate in Washington, we need to see a rotation out of equities. I will watching the CBOE VIX Volatility Index for further guidance to see what the Street is thinking as the VIX volatility Index will give us a clue to whether a sustained rally in Gold is in the cards . At this point with the VIX at a 11 handle there seems to be no panic in the marketplace that would fuel such a move. So we see a nice increase in the price of gold this morning after going thru some stops overnight. But now it seems the market has settled down awaiting the next bit of new to move it back over the $ 1350 level in December once again. Have a wonderful Thursday. Disclaimer: This editorial has been prepared by Walter Pehowich of Dillon Gage Metals. This document is for information and thought-provoking purposes only and does not purport to predict or forecast actual results. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein are current opinions as of the date appearing in this editorial only and are subject to change without notice and cannot be attributable to Dillon Gage. Reasonable people may disagree about the opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate its ability to invest for a long term especially during periods of a market downturn. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. This information is provided with the understanding that with respect to the opinions provided herein, that you will make your own independent decision with respect to any course of action in connection herewith and as to whether such course of action is appropriate or proper based on your own judgment, and that you are capable of understanding and assessing the merits of a course of action. You may not rely on the statements contained herein. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisers with respect to these areas. By posting this editorial, you acknowledge, understand and accept this disclaimer.