CHESSNOID

Today, the unemployment report came out better than expected which made the US dollar go up and knocked gold down about 5%.  I am long gold and silver ETFs so any downward move is worrisome.  However, gold and silver have been on a 4 week winning streak so this was expected.  I think many took profits and locked them up.

Anyways,  I remember this analyst Kevin Cook giving his recommendation and am surprised how accurate his forecast has been so far.

Discussing the correlation between the dollar and gold, with Kevin Cook, PEAK6 Investments market analyst.

I blogged about gold and you can read my posts here:  gold & gold 2