by Dan Norcini
Trader Dan Norcini
It
comes as no surprise that the mining shares, as evidenced by the HUI
and the junior-laden GDXJ have now gone negative on the year. The theme
remains the same as it has for some time now – Western-origin investment
demand in the gold sector is non-existent.
In an environment in which the US Dollar is King of the Mountain once
more, commodities are being jettisoned and inflation pressures are
collapsing, gold has few friends except for the perma gold bulls.
For starters, let’s first look at the Goldman Sachs Commodity Index to show the impact from a strong Dollar.
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