Dollar breaks trend line- SOLD UUP & DGZ

The US Dollar has been performing poorly since March 3rd; but I’ve held the position because I believe in the overall strength of the currency AND it remained above long term support.  While I still believe in the overall strength of the US Dollar, today it gapped below the 2 year trend line.  The nextContinue reading “Dollar breaks trend line- SOLD UUP & DGZ”

SPECULATIVE TRADE: shorting GOLD

Today I initiated a short in Gold via the inverse ETF DGZ.  Based on current market conditions, I consider this a speculative trade and am only holding it in my personal account…not for any clients. There are many reasons I believe Gold is currently overbought, including the pattern illustrated in the below chart.  Notice howContinue reading “SPECULATIVE TRADE: shorting GOLD”

Are EARNINGs REAL?

Feedback from the previous post suggests that many readers are skeptical that S&P500 corporate earnings can be taken at face value because of currency manipulation and the general condition of our fiat money system.  So it’s time to revisit past illustrations where I’ve compared earnings in US Dollars with other commodities such as gold, silver,Continue reading “Are EARNINGs REAL?”