- 'Mortgage Deal from Hell' Hurts Sound Borrowers: Bove
- Fidelity: 401(k) Balances Little Changed Over 2011
- Greek Political Leaders Agree On Austerity Reforms
- Robo-Deal Is All About Lowering Mortgage Principal
- Fed Fines Banks $766 Million Over Mortgage Practices
- Options Trader Scores Big on Diamond Foods Selloff
- 12 Unique Dating Sites
- Zuckerberg Takes Control, You Get $100
- Ban on Insider Trading by Congress Passes House
- Robo-Deal Is All About Lowering Mortgage Principal
- Groupon Needs More Disclosure: Analyst
- CEO to CEO: Taking a Job at a Startup vs. a Public Company
- Farr: Money, Jobs and Politics — We're Still in a State of Risk
- PepsiCo CEO: We’re Not Splitting the Company
- Can Ford Make a Smooth Transition in Management?
- Steelers' Antonio Brown Spends Super Bowl Week with Twitter Fan Turned BFF
- China’s Steelmakers Set for Turnaround: Analyst
- Bulls Bet Silicon Motion Will Bounce
MOST SHARED
- Steelers' Antonio Brown Spends Super Bowl Week with Twitter Fan Turned BFF
- 'Mortgage Deal from Hell' Hurts Responsible Borrowers: Bove
- FBI Investigated Steve Jobs Drug Use
- Mortgage Plan Gives Homeowners Bulk of the Benefits
- Rise of the Solo Economy
- More States Looking to Tax Online Sales
- Rough Seas Ahead in the South Pacific
- Can Anybody Be an Entrepreneur?
- Top Fashion Stocks for 2012
- How to Date a Wall Street Man
MOST POPULAR
HOT ON FACEBOOK
Gold Spells Trouble for Greenback: Charts
Text Size 
The value of gold and silver are on the rise, but this spells trouble for the declining dollar index which could push as low as 66 points, according to Chris Zwermann, strategist from Zwermann Financial.
Gold made new highs Wednesday and “looks like it’s going further up,” he told CNBC.
“The question is what really does gold tell us,” he said, adding that gold’s strength is “a sign that the dollar is going to weaken earlier or later in the next few days already, and the stock markets turn around again.”
The dollar is on a downward trend, currently resting at about 76 points, but “the dollar so far didn’t manage to come out of this downtrend,” Zwermann said, adding that the dollar doesn’t have the strength to turn around at the moment, pushing the index target as low as 66 points.
While gold strength spells trouble for the US dollar, the silver market is likely to rise with gold pushing the spot silver value to more than $20 per ounce, he said.
- To watch the full interview, see video above
For Investors:
- New options and disclosures on fees should give workers more control over their retirement savings.
- A management shakeup at the automaker should be a lot smoother this time, says Phil LeBeau.
- The U.S. economy cannot have a sustained recovery until our entrepreneurial dynamism returns, says a guest blogger.
- That’s right, one unaccredited private college is offering free tuition to attract students, over the next four years.
- A die-hard Steelers fan spent a week with wide receiver Antonio Brown- and it was all due to tweeting.
- Where are the best city locations for singles to take the online dating plunge? We’ve got the list right here.
Data is a real-time snapshot *Data is delayed at least 15 minutes
