Disagree The Fed Minutes last night was a game changer. More...

Disagree
The Fed Minutes last night was a game changer. More dovish than expected which has led to USD weakness and strength in commodity sectors. I reckon they needed to start talking "king dollar" down anyway otherwise they were staring down the barrel of an emerging market and commodity rout with subsequent risk of massive defaults in companies and countries operating in the commodity space (especially energy sector). Just look at the thrashing high yield corporate bonds have been getting. This is gold positive. Stay long as NCM will benefit from a low USD both in terms of debt and its o/seas operations.