Editor's Note: Please note that our Macro team will send out a full report outlining our high-conviction long thesis next week. In the meantime, below is a brief summary of our thesis sent today by Hedgeye CEO Keith McCullough in Real-Time Alerts.
I was getting a lot of questions on why I wasn't signaling BUY more GLD at higher prices. My answer was that the USD was signaling oversold on the downside and I wanted to wait for an Up Dollar, Down Gold move.
Now we have that priced in.
What would Gold love? Same thing it always loves - Down Dollar, Down Rates.
That's the call I'm making here.
KM
