Since September we’ve been in the camp that the US Dollar is heading higher and potentially a lot higher. So if you want to be long the US Dollar, that is one way to take advantage of it. Short Euro has been another. But my favorite has been to be short the Gold Miners, particularly the more vulnerable Junior Gold Miners $GDXJ. So far this is working well. But I think it’s worth reiterating that we, in general, want to approach the marketplace within the context of what we think will be a rising US Dollar environment.
Today we’re taking a closer look at what’s going on here: [Read more…]