With Japan And EU Out Of Way Dollar Firming Up
Tim Knight | Jul 20, 2017 08:51AM ET
With both Japan and Europe out of the way, the FOREX markets have moving fractionally to offer the US dollar a little strength. Of most interest to me is the yen, which itself is off by about a quarter of a percent, which is letting gold slip away from all that overhead supply it has.
I remain short GDXJ and long JDST, so we’ll see if, at last, gold can give up some of its recent strength and allow my miners shorts to prosper.
As for equities, the overarching symbol remains SSDD, as lifetime highs are all around us.
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