The market is stuck – – absolutely stuck in the mud – – for the past month. Range-bound. Contained. Dullsville. In any case, the blog must go on, so here are a few random remarks.

I mentioned yesterday how the big rise in the Euro might find the trendline to be a powerful force of resistance. So far, so good (see arrow):

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I am so glad I didn’t ditch my DUST long position. It lost nearly 10% yesterday, but it’s back to breakeven now. I still have big dreams about just how battered precious metals miners could get. The chart of JNUG below shows this best. 

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Finally, I keep adding to my Mexico short, by way of the EWW fund. The erosion (tinted) is slow and steady, and this could be one of the cleanest trades of 2019. 

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