TheMacroStrategist

TheMacroStrategist Updated 

There is mounting skepticism on the continuation of the dollar rally, albeit from analysts who didn't see the rally coming in the first place. The inflection to start the current euro rally (and near-term top in the DXY) began on August 15 as the PBoC paused in the dramatic stealth devaluation via fixing. Risk assets, broadly, rallied. That rally continues...

TheMacroStrategist

Gold has effectively been range bound for two years after its initial breakout in 2016, and currently it's having a horrendous struggle trying to meander back above $1,200. The average gold bull continues to look out into the ether on why prices should be rallying. The common misconception is that gold is a catch-all safety asset, and it is not. So, don't make it...