Comments
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JSthx, Dave
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DF.....also looking at longs in USD/NOK as oil prices are under pressure.
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DFJon - I/clients went long USD/CHF yesterday post Fed - our adjusted stops were triggered this AM for a profit. Re-evaluating longs on a pull-back here. I am encouraged though....
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JSDave, have you seen enough in dollar strength to put on your trade? What is your upside projection? thx - Jon
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DFTom - thanks for the question. I would rather chew tin foil that try to analyze and trade JPY. Plus, my track record trading JPY in the past would suggest you don't want my opinion/forecast!
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T.Thanks Dave. Great as always. Wondering, do you have a view on JPY? Hard for me to see how it doesn't eventually weaken but I'm looking for a defensible place to get long USDJPY...
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WMDave provides real trade recommendations for RVT viewers and excellent commentary. Great stuff.
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DFDollar and gold can rally at the same time - not the correlation of recent memory but certainly no rules against it
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crIf the Dollar does rally back to the 100 range, gold will not keep running which would be bearish for NGD especially since its up 300% this year. With that said I still enjoy the segment.
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MMThanks Dave. Always look froward to your videos. Cheers Mat
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DF....I am not looking to micro-manage these trades at all. In fact, I believe these could be really big home runs in the months/years to come.
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DFHi Matthew - a double in NGD is not only still possible - it has already happened from the lows earlier this year. IMO the bull market in gold & gold minders is still in the early stages...
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DFHi Lilly - yes, that certainly could happen. Correlations are always in flux and a strong DXC; strong gold could well play out. Never discount anything....
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LCHi Dave, thx so much for insights. Could u comment on strong dollar v strong gold/gold miners? Can they both exist? Thx! Lilly
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DFThanks Ewan and you are more than welcome...
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JFSpoke too soon... thanks for your commentary.
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JFDave, you have mentioned your gold trades but I don't think we have seen your analysis. Can you comment on gold?
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EMBrilliant! Thanks for the update Dave. Always look forward to your videos!
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TSGreat stuff Dave! Seems like RP is short gold for now though, expecting a pullback through early summer
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MMDave, You spoke last of a double not being out of the question w $NGD. Are you somewhat less bullish? Love your insight. Thanks, Mat
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DF....current pull-back off yesterday's highs unfolds in only 3 waves and turns back up that adds conviction that DXC is starting a sustained move lower.
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DFHi Timothy - thanks for the question. Today's 'low' is not really a low in the traditional sense and really has no technical relevance. What is key is the May 3rd low - if that holds and this....
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THThanks for the update, Dave. The DXY hit a low of 93.72 today--is this still in line with your point about a temporary pullback? How low could this go before it's necessary to reconsider the thesis?
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DFMy pleasure Matthew
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MCgreat one Dave - thanks!