Gold is at an All-Time high. Bonds are at Multi-Year highs. Stocks are up over 50% since the March lows. The US dollar has been beaten down all year.
Something is not right. Which asset class is going to correct itself first.
My prediction is simple: The dollar will strengthen, and all the other asset classes will be lower by the end of the year. Do not listen to the media. Be cautious and be wary of chasing momentum in this low volume market.
By David A. Mascio
