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I saw a familiar sight on the charts today – green for the dollar, and red for just about everything else. This was a very common sight last fall and winter. This currency picture, courtesy of Barchart.com, used to be an all-to-familiar one. Then when the famous “March 6” lows held, and spring sprung, we […]
Three weeks ago, we discussed the possibility the the dollar was bottoming and poised for a major rally. My reasoning was that: Sentiment was overwhelmingly negative on the buck. I noticed that even traditional contrarian investment sources appeared to be piling on. When there’s nobody left to sell, that’s usually a good sign that the […]
The Wall Street Journal reports that the Commodity Futures Trading Commission is considering introducing position limits for “all commodities of finite supply.” Uhhh…wouldn’t that just be all commodities? Anyway, let’s get a quote from CFTC Chairman Gary Gensler: “My firm belief is that we must aggressively use all existing authorities to ensure market integrity.” Sounds […]
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