OA BUY: $DGLD
Back in 2015, I talked a lot about the various asset correlations to 1998. Specific to the dollar, that pattern/correlation helped us bet against the dollar in Dec 2016 via an $FXE long.Here, we are close to the bottom for the greenback. That said, I thought that Gold would be my best bet to play this…especially considering the headlines.
After the bell, I’ll take you through some correlation analysis – specific to my reasoning on why this is the best play.
I still have one more batch to buy in $DGLD, but have enough on now to get rolling.