Tuesday, September 16, 2014

Dennis Gartman calls a start in US Dollar bull market

Everybody wants to be a bull of Gold in dollar terms and it just wears you out. It is a bull market in the dollar. And in that environment a strong dollar is always going to put downward pressure on commodities and is specially worrisome for those who are bullish of Gold. [Gold in Euro and Yen terms] it's actually quite strong. Gold is nothing other than a currency

US Dollar strong uptrend last few months
[The US Dollar] I think we are only in inning two of what could be a 10-inning baseball game. I think we just started a bull market in the dollar.

VIA http://www.cnbc.com/id/101993909