Thesis going forward -
The weak dollar trade is going to come back in vogue soon. Expect the dollar to start declining as the euros take advantage of the fed swap lines (basically, they exchange euros that are worth crap for dollars that are good). The Fed starts the presses up again and prints more dollars, hence deflation of the greenback and re-flation of the eurozone...expect the chinese and others to step
And take advantage of the weaker greenback to scoop up commodities....and there it goes again.
Names - WLT, CLF, ANR, FCX, X, SCHN, VALE, ACI, BTU...probably others but those are the main ones....charts don't look great now but will eventually.
The weak dollar trade is going to come back in vogue soon. Expect the dollar to start declining as the euros take advantage of the fed swap lines (basically, they exchange euros that are worth crap for dollars that are good). The Fed starts the presses up again and prints more dollars, hence deflation of the greenback and re-flation of the eurozone...expect the chinese and others to step
And take advantage of the weaker greenback to scoop up commodities....and there it goes again.
Names - WLT, CLF, ANR, FCX, X, SCHN, VALE, ACI, BTU...probably others but those are the main ones....charts don't look great now but will eventually.