The king dollar set to disappoint?

I published a series of shorter posts and tweets about the dollar in the past, but didn’t write a more extensive one recently. I was thinking to write a longer post for a while now, but a) just didn’t find time to do it and b) thought we are set for a correction after the selloff in the last half a year or so, so I thought there is no rush with presenting a bearish case. Anyway.. now I think we might not even get a correction yet in this it seems to be the first stage of a major long-term dollar bear market. Read More

Gold might not be ready to rally just yet

Last weak gold was trying to break its famous multi-month long resistance trendline (see below) and many gold bulls/bugs were getting excited. Over a long term I think gold is a great store of value, but in short term I wouldn’t be surprised if it sells off from the current price level.  Read More

USDCAD pointing to crude oil rally

Had you asked me a few months ago what do I think where oil might go, being quite a vocal bear, I’d say that the only way is down. Even when WTI was breaking above 52.00 USD/bbl level and hedge funds have built a record long position, I was very pessimistic about that and as expected the move was short-lived. But recently I became less bearish. In this post let me present what I see right now.. Read More