* As we treat it as a “trading sardine”… and not as a foundational long
I treat all commodities and commodity-related equities as “trading sardines.”
While I view gold as a prime beneficiary of the profilgate spending in Washington, D.C. (and continued currency debasement) – I still see precious metals as a trade and not (yet) as a foundational position, particularly with interest rates on the ascent.
We traded in and out (profitably) three times in $GLD over the last 45 days or so – buying weakness and selling strength.
This morning is GLD is down by almost five beaners as the US dollar advances higher and rates resume their rise:
$DXY The Dollar Index is higher again this morning at 102.303 +0.45%. It continues at levels not seen since the middle of April, 2026. pic.twitter.com/EcnNRyV1vd
Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality.
On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box."
A Note from Doug: Current strategies and actionable trade ideas -- all on one dynamic platform built exclusively for active trades. From sudden sell-offs to sudden spikes, TheStreet Pro arms you with crucial analysis -- at a rapid fire, professional pace -- to help you make sound trading decisions -- every day, every hour, and every minute. Join me and my team of professional traders for unique perspectives and breakthrough investment opportunities.
