John Kosar
John Kosar
changed gold markets people perception surrogate view
The markets have changed their perception about how they view gold. In 'normal' times people see gold as just another currency, a surrogate for the dollar.
bull chart coming current decline deeper demand dollar maybe move speaks structure targets trend
On the dollar index, the current structure of the chart targets a move to around 85.50. If and when it does get there, I think that is your inflection point. If you are a dollar bull that's where you want to see demand coming in and if it doesn't, that speaks to a much deeper decline and maybe a trend change.
appears based breakdown continue correction dollar downside due earlier extreme investor likely minimum objectives readings retail sentiment
The long-awaited downside correction in the U.S. dollar is now underway, and appears likely to continue for the near-term due to extreme institutional and retail investor sentiment readings and unmet minimum measuring objectives based on the greenback's breakdown earlier this week.
dollar expect high near
I think euro/dollar can get up to as high as $1.2500 near term. That is where I would expect to see the dollar get some traction.
expecting general history likely market rally tells
The market in general is not expecting a rally. History tells us it is at times like these that a near-term rally is the most likely to begin.
believe carry emerging higher interest period rates start
We're going to see a new, emerging period of higher long-term interest rates that are going to start now, and I believe they're going to carry on for some time.