If we're going to look at these "entrails" of the various currencies to predict the future, let's also look at Gold vis-a-vis the US Dollar. The recent raly in gold and very strong options interest in XGD suggest a lot of people are betting on a (further) gold rally, which for some is the same as weakness of the Greenback. Full disclosure, I moved from overweight to market-weight in gold this week.
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If we're going to look at these "entrails" of the various currencies to predict the future, let's also look at Gold vis-a-vis the US Dollar. The recent raly in gold and very strong options interest in XGD suggest a lot of people are betting on a (further) gold rally, which for some is the same as weakness of the Greenback.
Feb 14 10:39 am
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All Comments by Witzy »Currency ETF Charts [View article]
Full disclosure, I moved from overweight to market-weight in gold this week.