Despite Banana Republic cat calls from the usual suspects it’s still only a correction, we think …

The gold bugs are smelling blood. The new global currency crowd is out in full. And of course, just like that, we should all give up our sovereignty to some global policy committee so they can determine monetary policy for all. This stuff borders on kookburger land!

But this same crowd of course believes we are the kook‐burgers for daring to utter the term—dollar bull market. Yo! In case this crowd hasn’t been watching, the everdoomed US dollar has rallied 27% to its high near 9000 on the dollar index since July of last year. Not a bad investment, even though the broken‐clock‐theory‐the‐dollar‐is‐dirtcrowd seems to hate. Don’t hate!