CHART OF THE DAY: #Quad2 Positioning Redux: FX & Commodities

Fundamentally, however, it makes complete sense for The People of China to appreciate their purchasing power appreciating. If I were paid in Yuans, I’d appreciate that too.

If you’re paid in Burning Bucks, it was another excellent week to be long of #Quad2 Inflation (Commodities):

A) CRB Commodities Index inflated another +2.4% last week to +23% YTD
B) Oil (WTI) inflated another +4.3% last week to +37% YTD
C) Copper inflated another +4.4% last week to +33% YTD

Vs. Gold +1.4% week-over-week to 0% YTD.

That’s that thing about the year-to-date (YTD) that has to be driving Gold Bugs crazy. Being at 0% YTD during two of the most epic #Quad2’s in US economic history sucks wind compared to many other asset allocations.