There’s a monthly chart of DXY over the past 5 years. A few observations about the most recent period of dollar weakness:
• We are not currently at the lowest value of DXY in the past 5 years.
• The current weakness is not the fastest or steepest drop in DXY in the most recent 5 years.
So why is everyone suddenly panicking about the death of the dollar??
Full disclosure, almost all of my money is in gold and gold calls, so I’m happy to watch the dollar continue to weaken. But I want to question the “US dollars=toilet paper” thesis that seems to be so popular right now.
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.