⛏ Top Citadel Macro Mind Says 'Stay Short The US Dollar'

Top Citadel Macro Mind Says 'Stay Short The US Dollar'
“If I’m right about the forward outlook for growth… yet we still get the expected stimulus from both rate cuts and fiscal policy, then the asset market implications remain the same: focus on real assets that benefit from financial repression, equities (with the right exposure), precious metals, real yields, digital assets and real estate. Stay short the US dollar… Read on »

GDX Finally Bests Records
The dominant GDX gold-stock ETF finally bested its last record close, which was seen an astonishing 14 years ago! Gold stocks forging back into record territory will fuel much bullish financial-media coverage and trader interest, leading to more buying. And this record breakout still remains earlier in gold stocks’ revaluation way higher, as miners’ fundamentals are radically better today than they were 14 years ago. Read on »

Iron Ore Price Volatility Now At 2008 Low
Has the iron ore market been long lost and forgotten by Wall Street desks, with prices stuck around $100 a ton for more than a year? Possibly. UBS analyst Myles Allsop noted that iron ore volatility has collapsed to its lowest level in 15 years. With no trend to follow and prices compressed around the $100 handle, iron ore has become one of the least discussed commodities among UBS clients - well, for now. Read on »

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• Gold Backtracks From Record High Link>>

• 📈 Classic stagflationary behavior: Gold stocks have crushed every sector of the S&P 500 this year Link>>

• Dollar regains some ground, still heading for small weekly drop Link>>