from King World News
On the heels of the US dollar declining and gold and silver surging, big money is now short the US dollar for the first time in months and this is why that will translate into very big gains for the gold market.
Dollar Worries To Create Big Gains For Gold
October 20 (King World News) – Jason Goepfert at SentimenTrader: The smart money has gone net short stocks for the first time in months. They’ve also started to short the U.S. dollar.
The last two times they flirted with longs in the dollar and then flipped to short, the buck proceeded to rally strongly. Commercial hedgers have underlying exposure to the contracts they’re trading, so while it always seems like they’re fighting the primary trend, they’re not. They’re just constantly adjusting their exposure and should never truly be net short any market.