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Gold Falls as Dollar Rallies

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  • Description

    FBN’s Jeff Flock reports on the performance of gold and crude oil.

  • Duration 1:31
  • Date

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Little -- a good little bit of bad oil among the bad did that looks like it's gonna break history can be down about twenty cents we sets last I checked as close of a percent -- -- walk with me if you would Ira Epstein a wanna get his take on gold but first -- tell you about Nat gas.

That's the other side of it that's up over -- percent again today can't seem to stop natural -- is climb.

Gold on the other hand -- -- the gold maven and today.

A look at -- gold down a little bit after why -- broke out -- for awhile walk with me this like that it had a one day break out but what -- trying to do is establish -- that it's -- value probably in the 15801590.

Range the market if -- gets back on -- 1560.

I think that you'll see the market try to work lower.

Anything sixteen in a quarter that's the magic number technicians are looking that.

I wanna walk over here to the Euro dollar futures -- to talk about gold being priced in other currencies.

If you hold gold -- yen.

That's that's a whole different situation.

And you know you talk about.

Other countries we get in trouble for print money.

What about these other countries -- they're all beginning so what's happened is the dollar was the first starting back in 20089.

We did our QE Japan has joined the parade they found deflation doesn't work Europe is going to be doing the class Britain's.

Is doing that are ready for so long term bullish so long term bullish which belongs in a portfolio but it needs our inflation story doesn't -- -- today doesn't -- yet.

Stay tuned on gold.

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