In the September Newsletter we looked at the dollar as investors and concluded that it would rise in the short term but decline in the medium-term. In this Newsletter we will deal with a more long-term theme that might strengthen the traditionally inverse relationship between the yellow metal and the greenback.
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The last time we dealt with the US dollar was in our July 2019 Newsletter. At that time, the trade war with China was already well advanced and, to make sure Europe did not feel left out, President Trump started to lambast Europe for manipulating the Euro lower.
It is a happy coincidence that I am writing this Newsletter on the day before this rather singular Easter given the symbolism associated with this holiday. In fact, for Roman Catholics Easter celebrates the Resurrection of Christ and the overcoming of death. For the more pagan-inclined, Easter is the rite of spring and the re-birth of nature.