I’m Still Short the US Dollar
and What That Means for Gold.
I get asked this a lot: “Why are you still short the dollar?”
Here’s the answer:
The dollar peaked months ago. (Click below to see when I started shorting the dollar)
And nothing since has changed that view.
Price broke down after a false break out.
Global liquidity is turning.
The Fed might be forced to cut into swap spread stress and collapsing bond market internals.
This isn’t just about DXY—it’s about the entire weak dollar regime we’ve been talking about since last year. Weak dollar environments tend to lift emerging markets, and precious metals.
