It is my largest position. Janet Yellen is going to raise interest rates or the market is going to raise interest rates. Rates are going to go higher and when that happens the Japanese are not going to raise rates, the Europeans are not going to raise rates. So, the dollar can go much, much higher.
Monthly Chart
Dollar Index: How High Can It Go?
This is not a bubble yet. It is expensive, it has gone up a lot. It has gone up dramatically but it is not a bubble yet. I don`t know 120, 125, you will have to tell me what is going on in the world. If there is war, who knows how high it could go?
You can tell it is a bubble when you see people on Bloomberg TV begging to buy the dollars and saying that there is no other currency or place to put your money, except U.S. Dollars.
Weekly Chart
The U.S. Dollar Can Turn Into A Bubble
The U.S. Dollar can actually turn into a bubble when we get real turmoil. You know, if we have stock market collapses in the next couple of years, many people will flee to the U.S. dollar and it will be a bubble.
At that point I will have to sell my U.S. dollars and I have no idea what I will do with my money.
Daily Chart
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