As most cab drivers in NY City plop their savings in the counter-fundamental, mostly sideways, mainstream media-driven gold "frenzy" (gold is up 7% over the last 21 months; silver is down 12%; platinum is down 38%) a lot of people ask me if I've changed my mind about the dollar continuing its surge higher, and consequently, asset prices continuing to crash.
The answer is simple: it's not my mind that needs changing. Objectively, the dollar trajectory remains on a 20 month-long rocket higher. Note, the next macro leg higher will last for years and be rather eye-watering; near vertical at times.
(CLICK TO ENLARGE)
