...the DXY is back with gusto, looks likely to break above 107 and then even higher.
...more than a month ago, I indicated that DXY could go all the way to 118. It may take a little longer but still on course.
...implication of that is that it will act as a constraint on resource producing stocks over the next 6 months or so, while non-producing resource stocks may not be as equally impacted as DXY should turn down sharply after that 6 months or so.
