Per National Inflation.us: Gold Getting Ready To Soar
So far year-to-date in 2017, the U.S. Dollar Index has crashed by more than 10% from 103.30 down to 92.89. The last time that the U.S. Dollar Index declined by 10% or more in a period of 151 trading days was back on April 29, 2011. Gold at the time was trading for $1,540.25 per oz and over the following four months it soared by $354.75 per oz or 23% to a new record high of $1,895 per oz.
Historically, from 1971 through today, when the U.S. Dollar Index declines by 10% or more during a period of 151 trading days, gold over the following 12 months has gained by a median of 18.7%. To the contrary, when the U.S. Dollar Index gains by 10% or more during a period of 151 trading days, gold over the following 12 months has declined by a median of -0.24%. Click here to see for yourself!
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