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MoneyWeek/Dominic Frisby/7-7-2022
“But I will say this: “long dollar” is a crowded trade. Everybody’s talking about it. When it turns – and it will – there’s going to be a lot of money made on the other side of this trade. FX traders are going to be all over it. Long anything anti-dollar – gold, the euro, perhaps even the yen.”
USAGOLD note: Frisbee takes on the dollar – which sits on its wall, oblivious to the impending danger around it. Somehow silver and platinum snuck into this discussion. on the greenback. “There will come a time in the future,” he says, “when we’ll be wondering how on earth it was possible to buy these metals at these prices.”
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