GLD Moves When The U.S. Peso Declines

The SPDR Gold SharesGLD is on the move again as the U.S. Dollar Index declines. The entire stock market rally from late August has been on the back of the declining U.S. Dollar Index. This has caused gold, silver and most every other commodity to soar higher. The popular GLD will have short term intra-day resistance around the $132.00 level. Should the U.S. Dollar Index catch a bid most commodities will usually pullback.