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US Dollar a Better Trade Than Gold, Silver or the Miners YTD 06 October 2015

The above chart shows the progress of the US Dollar compared with gold, silver and Miners as represented by the Gold Bugs Index, the HUI.

The dead cat dollar was expected to drop dramatically in value by now, however, it has managed to stay up there and trade around the ‘96’ level on the US Dollar index. In second place we have silver which is almost breaking even YTD, then gold which is down a tad and winning the wooden spoon is the HUI, or the gold producers.

The dollars future is largely dependent on the outflows of capital from other countries whose economies are lagging and so investment funds seek a home elsewhere. Another factor is the US monetary policy and the possibility of a rate hike being imposed by the Federal Reserve, which appears to be on the back burner for now.

The precious metals sector is enjoying a reprieve for now, so the question we face is the usual one; Is this rally the real deal or just another head fake?

We have been keeping the lion’s share of our funds in dollars and it has served us well so far. We are not prepared to become aggressive in the acquisition field at the moment as we have witnessed many rallies which have failed to materialize into anything substantial.

Patience is the order of the day.

Go gently,

PS: We do publish every trade that make in both stocks and options.


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