An increasingly difficult argument to make with price hitting new highs in various currencies. As Greenlight’s David Einhorn recently remarked in reference to his instinct to short the dollar, “But then I look at the other major currencies. The Euro, the Yen, and the British Pound might be worse. So, I conclude that picking one of these currencies is like choosing my favorite dental procedure. And I decide holding gold is better than holding cash, especially now, where both earn no yield.”
Source: Thechartstore.com
Source: Thechartstore.com
Source: Thechartstore.com
Source: Thechartstore.com
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