Dollar Firming Up

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With both Japan and Europe out of the way, the FOREX markets have moving fractionally to offer the US dollar a little strength. Of most interest to me is the Yen, which itself is off by about a quarter of a percent, which is letting gold slip away from all that overhead supply it has.

0720-gold

I remain short GDXJ and long JDST, so we’ll see if, at last, gold can give up some of its recent strength and allow my miners shorts to prosper.

As for equities, the overarching symbol remains SSDD, as lifetime highs are all around us. This song from Wicked sums up my feelings about the situation nicely:

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