Subject: Re: USDollar
So, did you predict this latest downward fall of the U.S. Dollar?

I began hedging against the dollar decades ago. When we invaded Iraq, to be precise.

That very large percentage of my portfolio pretty much sat dormant for the last decade and a half. But the past year has more than made up for that lag.

So no, I didn’t predict what happened to the dollar during the last week, though I’ve been positioned for it for a long time. I might well have figured wrong…… but I didn’t.

I’m anticipating that steve’s time in the doldrums will be one of the next things to come to an end, though he tends to trade on a shorter time scale.

Undoubtedly, steve remembers me banging the table for gold on the old Mish board at MF.