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If you’ve followed our work, you know how useful intermarket analysis can be when deciphering future movements and trends in the precious metals complex. Years ago, when I would analyze gold, I would only follow gold. Now I am aware of a wealth of markets that can be analyzed, which can help provide an outlook for precious metals.
Today, I am looking at the Canadian dollar. Most gold and silver companies are Canadian companies. They earn and spend in Canadian dollars. Thus, the U.S. dollar gold price has much less of an impact than you’d think. It is the Canadian gold price…
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