$2,000 gold by year’s end?

Commentary: Gold bugs not worried by last week’s lackluster end

Dan Norcini at his new Trader Dan’s Market Views website had a reasoned analysis of Friday: “…the U.S. dollar’s technical-chart picture is horrendous. It had broken through a critical support level near 77 on the USDX  (DXY 76.34, +0.12, +0.16%)   last week and had further descended down towards the tremendously important 75 level. … The ugly truth is that the dollar was on course for a major crisis if it violated the 75 level.”
“Enter the Fed officials today and yesterday. Apparently the strategy was to get several of the FOMC governors to hit the airwaves talking about ending the QE program. … Result? Up goes the dollar and down goes the precious metals market. Coincidence? I hardly think so.”