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Below is a brief excerpt transcribed from Thursday's edition of The Macro Show hosted by Hedgeye CEO Keith McCullough |
Let’s talk about the U.S. Dollar.
Hasn’t it just been right on the screws? We have had eighteen signals (9 in and 9 out) for USD since June and we have been right 100% of those signals.
I don’t get it right 100% of the time. I do not get it right 90% of the time. I just incidentally did it at the turn this time.
That matters though, because if you get the dollar right, you will get a lot of other things right.
So, this morning we had the USD going up, and it didn’t have to go up much. This is not above the average or percentage of things. It is simply from the point in time that it goes up.
That’s why Silver is getting plastered this morning, as it is down a full -3%.
