indicators

Destructive Gold Bug Obsession w/ USD

Don’t obsess on the US dollar dear bugs. That is easy analysis that leads to poor outcomes at key junctures. In this case it would theoretically mean that an anti-USD, inflation-centric gold bug is already loaded with gold stocks because… USD!

The US dollar’s plight is being leveraged to the advantage of stocks, not gold or gold stocks. With respect to the miners, that is how it should be in the purest terms of the macro fundamentals.

spx hui usd

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