A look at the Lazy Man Currency Rotator shows silver’s recent dramatic rise . . to a new high today. The dollar has been a slow grind down since September while oil and silver have soared. The catalyst? Speculators creating a giant pig fest pyramid scheme with crude oil futures . . I heard it on the evening news so I’m pretty sure that’s the reason. GLD looks downright benign when compared to the two high fliers while also of note, the clearly mean regression behavior of GLD and FXE . . a recurrent pair trade theme we’ll focus on later in the week.
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