KL - Gold And Silver Base Building In Preparation Of Next Rally

• In my opinion, gold's fortunes are in part dependent on the value of the US dollar and the progress made by the S&P 500.
• The advent of this terrible virus has caused Central Bankers across the world to borrow and/or print copious amounts of money.
• Thus far, the US dollar has been drifting lower throughout 2020 and has recently slipped below the support level of '92' on the US Dollar Index.
• Keep a close eye on the upcoming meeting of the FOMC as any changes to monetary policy will impact the strength of the US dollar, the financial markets, in general, and, in due course, gold.

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