Markets are like ocean liners, they take a long time and a lot of room to turn around. But when they do, they are steadfast in holding the course of that new direction. The current long-term bottom the U.S. Dollar has sewn in over the last several years, Figure 1, reminds me of the last time the currency markets reversed on such a large scale, in 2002. (click to enlarge)Figure 1. Monthly Dollar Index Chart In 2000 and 2001 every analyst on Wall Street was sure the U.S. Dollar was going to top out and reverse lower and that the currencies and gold would soar. Similarly most house analysts today feel strongly that the ... (full story)