It's Always Been the Dollar: Portfolio Review

🔄 The Dollar is cracking. The Brazilian Real is reversing. Gold is at new highs, Bitcoin, and commodities are next.

I've been hammering this point all year—what’s the spark that sends silver, commodities, and Bitcoin soaring?

It’s the U.S. Dollar:

Gold, cyclical stocks and commodities have been ridiculously resilient despite the Dollar’s relentless bid over the last couple months.

And now, with positioning so lopsided the dollar cant hold on to a bid. Which is why I think the dollar is reversing right here, right now.

If the Dollar is finally breaking down and commodities are about to rip, there should see bids in other currencies as well and here is one I am keeping my eye on.

✅ Brazilian Real (BRL)

The Real took out the COVID lows and snapped right back. A failed move that could turn into a face ripping rally.

The Brazil ETF EWZ is making new 50 day highs as well.

If the Brazilian stock market and the Brazilian Real are ripping this year, then agricultural commodities are moving higher as well.