by Jesse Colombo
GoldSeek
There are numerous signs that the U.S. dollar is on the cusp of a new bear market—a development that is very bullish for commodities, especially gold and silver.
Last week, I published a piece titled “The U.S. Dollar Stands at a Major Crossroads,” where I explained that the U.S. Dollar Index—a key gauge of the dollar’s value against a basket of major world currencies—was sitting right on a critical long-term support level at 100.
This level had held firm for years and sparked multiple sharp rebounds in the past. I warned, however, that a decisive break below it would confirm a deeper dollar bear market—an event that would be highly bullish for commodities like gold and silver.