The currencies and precious metals have been changing positions versus the dollar for the last three trading days. A week ago, we were looking at levels not seen in some currencies, ever…and for others not seen in over two years! I told you a week ago that I somewhat expected this to happen, as the currencies and metals had moved too far too fast, and needed to consolidate. This is what we’ve seen so far the last three days… And, also, like I’ve told you… I don’t expect this dollar strength to last too long, for the dollar has no yield to attract too many investors.

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