Refuge resources amid financial and international vulnerability after several months of rally
The US dollar may be losing its allure as one of only a few exceptionally solid places in the world,
And further declines in cash could fuel the 2023 securities exchange rally,
However, a close-term dollar bob could represent a test for the price bulls.
"There has been a fair backward correlation between prices and the US dollar over the last 12-14 months.
This rally will last until we understand how stocks react to a rising dollar."
said in the week one note (see graph below).