Michael A. Gayed, CFA, is chief investment strategist and co-portfolio manager at Pension Partners, LLC., an investment adviser which manages a mutual fund and separate accounts according to its ATAC (Accelerated Time and Capital) strategies focused on inflation rotation. Prior to this role, Gayed served as a portfolio manager for a large international investment group, trading long/short investment ideas in an effort to capture excess returns. From 2004 to 2008, Gayed was a strategist at AmeriCap Advisers LLC, a registered investment advisory firm that managed equity portfolios for large institutional clients. In 2007, he launched his own long/short hedge fund, using various trading strategies focused on taking advantage of stock market anomalies. Follow him on Twitter @pensionpartners and YouTube at youtube.com/pensionpartners.
It appears likely the dollar will continue hemorrhaging in favor of overseas reflationary plays.
Given recent developments, it's now certainly possible that new 2012 highs could materialize here.
Thanks to aggressive fiscal and monetary action in Brazil, the currency could soon pick up strongly.
If the rupee soon rises strongly, as I believe it will, it could trigger the metal to reach all-time highs.
Perhaps the better way to play the Aussie dollar is to play Chinese stocks.
Likely Draghi action and the technicals both call for one, at least in the short term.
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