The US dollar is still postured to potentially bounce in line with its massively over bearish sentiment profile led by some usual suspects on Twitter and in the gold “community” schooling everyone now about how the government is sacrificing the currency in the name of asset owners. The ‘death of the dollar’ cult is pretty strident now.
Look, I’ve been on the bearish dollar theme too. But when these clowns preach the dogma while feeling sweet vindication of their views and harvesting all those eyeballs, likes, back slaps and atta boys from their herds, it’s a sign that things are ripe to change, temporarily at least. USD is bearish but still normal to a bounce plan. Oh, and my Euro short positions are profitable.
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