Comments on: Long Gold, Silver, & GDX on EUR/USD Breakout

By: bunyz06rabbitt

bunyz06rabbitt — Sat, 05 Aug 2023 02:15:00 +0000

Long GDXU here.

By: Jeff Vandenburgh

Jeff Vandenburgh — Fri, 04 Aug 2023 16:57:08 +0000

I think it should be concluded that whenever we see a post about going long Euro, gold, or silver, a higher beta way to play the same trade would be to go long QQQ, XLK,SMH, SPY, IWM, or USO. This should be the way to play dollar weakness every time until there is a recession. Once there is a recession, then dollar weakness will likely equate to gold being the superior play for a little while. Until then, weak dollar, long stocks and oil.

By: Jeff Vandenburgh

Jeff Vandenburgh — Fri, 04 Aug 2023 15:50:57 +0000

Not only is this reversal in EUR/USD bullish for metals, it’s bullish for EVERYTHING.

By: KevinK

KevinK — Fri, 04 Aug 2023 13:39:54 +0000

And the stock market