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With the S&P up 46 percent from its March low, a typical 50 percent retracement is almost complete ready for the next plunge lower in this bear market.
Unless you are a born-again-bull or have shut yourself in a cupboard for the past two years, I do not understand how anybody can see a further upside in markets; at this point, the risk is all to the downside.
At the same time, the outlook for the US dollar is not good, even if a new market crash brings a short rally for the greenback. At the very least then hedging the dollar with a currency of fixed supply looks attractive.