The dollar milkshake

[GoldenPhil]

Which will win, the dollar or gold?

This may help inform your investment strategy.

 

[Kookaburracollector]

A pretty fair assessment of what I think is happening too..not exactly but pretty close. It’s always hard to listen to something which disagrees with your fundamental beliefs, and for you to then change your mind..In this case..I don’t like the idea that gold will fall to $1000 an oz, as I have substantial investment in the miners, but do I think it might?yes. I just hope I am smart enough, and quick enough to exit before it does.

Interestingly, I have just started to sell off a few miners and transition into the top performing NASDAQ stocks, not much..but its a start. That said, I am also prepared to convert to cash at a moments notice...it’s all about timing! 

[Bumble]

This video is slightly over a year old and has not aged well. Even before the virus outbreak, gold was up strongly in 2019 and into the start of 2020, and the USD has been tracking sideways. We are not seeing any sign of a sharp rise in USD. Given that the Fed has cut rates to near zero and is determined to print as much currency as necessary to keep the dollar down, betting on the dollar is a bet that the Fed cannot print enough currency.