What's becoming really clear is that whoever the next Federal Reserve Chair will be, easier money is going to have to be their mandate in order to satisfy the boss. Meanwhile, the US dollar continues to fall, particularly against the euro. The Dollar Index (DXY) just hit a fresh multi-year low, explains Peter Boockvar, editor of The Boock Report.
What doesn't have to agree is the longer end of the yield curve, though. It's going to be really interesting in coming years to see how the two sides of the yield curve are going to get along…or not.
(Editor’s Note: Peter will be speaking at our Global Investing Opportunities (and Risks) Virtual Expo, scheduled for July 23-24, 2025. Click HERE to register.)
Dollar Index (DXY)
Meanwhile, I've written on platinum as another metal we are long and bullish on. It just rallied to the highest level since 2014.
About 40% of platinum is used for catalytic converters (about 80% of palladium is used for this purpose, too). The balance is used in other industrial end markets, jewelry, tableware, and as an investment metal. We are in the third year of supply deficits, with the three largest global suppliers being South Africa, Zimbabwe, and Russia.
