Wanted to briefly take a look at today’s dollar vs. gold and silver. Interesting in that the dollar was quite strong all day, but so were commodities, including metals.
Not sure what to make of it yet, but you can bet it has something to do with next week’s Fed announcement, which comes only a day after Election Day. Things will get interesting, especially if the dollar begins to tip. Will Bennie “shock” the system with more QE? Will he consider, instead, raising rates? Now that would be the path of maximum frustration, but I would be willing to bet it’s a better choice than 4 trillion in “shock” therapy.
King dollar is where the first signs of reaction will be. And the relationships and reactions will show the way.
I am long some miners and today bought AGQ (Ultra Silver)
Stay on the sidelines if you are unsure, at least until mid week next week – and trade the extremes!