Gold Spells Trouble for Greenback: Charts

Kirsten Bennett
CNBC
Wednesday, Nov 4th, 2009

The value of gold and silver are on the rise, but this spells trouble for the declining dollar index which could push as low as 66 points, according to Chris Zwermann, strategist from Zwermann Financial.

Gold made new highs Wednesday and “looks like it’s going further up,” he told CNBC.

“The question is what really does gold tells us,” he said, adding that gold’s strength is “a sign that the dollar is going to weaken earlier or later in the next few days already, and the stock markets turn around again.”

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