Gold surges as the Dollar falls

The latest rally in Gold reinforces my bearish outlook for equities. Gold and Treasuries are rising as investors seek a safe haven from the likely turmoil in equities.

The Dollar Index plunged below its LT rising trendline, warning of a test of 95.

Dollar Index

Gold responded, testing resistance at $1350. Breakout above $1350 would offer a medium-term target of $1400/ounce.

Spot Gold in USD