Mighty Dollar...
The dollar index $DXY is taking out range highs, closing well above the 50 and the 100 day moving averages. We haven't seen the DXY close "properly" above the 100 day since the dollar bear started earlier this year. Not good short term news for the gold and precious metals space. Source: The Market Ear
Over the last 1 month, the US dollar has been more volatile than the S&P500.
As Goldman Sachs Brian Garrett notes, this has happened twice in the last 7 years (Dec 2023 and Jul 2025)... Source: zerohedge
Since 2000, dollar is down 82% against gold
Source: Willem Middelkoop @wmiddelkoop on X
Dollar seasonality
Now is the time to buy the dollar, at least from a seasonality point of view Source: The Market Ear
USD is coming back
Source: Barchart
BREAKING 🚨: Turkey
Turkish Lira has plunged more than 96% against the U.S. Dollar since 2010. Source: Barchart
Has the dollar bottomed?
An interesting regularity is emerging for the Dollar. Payrolls revisions (Aug 1), CPI (Aug 12) and Powell's Jackson Hole speech drag the Dollar down, but each low after one of these hits is higher than the one before and the Dollar then resumes its rise. Source: Robin Brooks
What looks like gold going up is really the dollar going down.
Source: Mr. Uppy @MisterUppy
