Continuing dollar rally may temporarily depress gold, silver and commodity prices – Maund

The main basis of my theory is sentiment, during the first week of May, before the dollar started rallying, only about 16% of the public was bullish on the dollar-almost a record low.

Sentiment hasn’t been this bad since 2003. An article pointing this out was posted on my site on April 28. It also pointed out the danger posed by this to commodity stocks, especially to silver. Adam Hamilton, of Zeal Research, picked up on this too, and also is calling for a big dollar-countertrend rally.