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The Strong Dollar Crisis Nobody Sees | George Gammon Explains

The Gold Exchange Podcast

Hello everyone, I'm Dixon Buchanan with Monetary Metals and I am doing my best to fill in for our regular host Benjamin Nadelstein who couldn't be with us. But I'm here today with macroeconomic expert George Gammon. And George, I'd love to just start with what is your high-level macro view over the next 6 to 12 months? I think what everyone is missing right now is the dollar, believe it or not, because the narrative is the dollar is crashing. And the narrative is that foreigners are dumping treasuries because they want to kind of divorce themselves from the United States.

And I think the bears are a little surprised. The DXY is still trading at roughly 99. And the bulls are kind of, you know, everyone's pointing at them saying, well, I thought the dollar was going to 110. And again, I'm just using the DXY as a proxy. But I think once you scratch beneath the surface, it tells a much, much different story. So as an example, most people know the BOJ has been trying to defend the yen at 160 to the dollar. And so they've been doing this for like, call it six months, nine months.

And the DXY, we have to remember, is 13 or 14 percent yen. So we have to realize that that 160 number is not a market number at all. So you sit there and ask yourself, OK, what would the market number be? Nobody knows, but it sure as hell wouldn't be 160. Say it would be 200 or 210 or something like that. So then you've got to ask yourself, OK, where's the DXY if yen is at 200? OK, it's not at 99. I don't know the exact math behind it, but is it 105, 110?

The Strong Dollar Crisis Nobody Sees | George Gammon Explains

Read the full transcript

The candid version is on a podcast,
not the earnings call.

The Strong Dollar Crisis Nobody Sees | George Gammon Explains

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.