The David Lin Report · Monday, June 29, 2026
Richard Smith disagrees with predictions that gold will outperform the US dollar index, stating that he believes the US dollar will strengthen. He would be interested in taking the opposite side of trades betting on gold outperforming the dollar.
“Traders are overwhelmingly more bullish on gold versus the US dollar index this year. Gold's already come down 35% from its top though.”
“I think that um we're not likely to see a major crash in gold and silver, but I don't think we're likely to see new highs. I think it's probably going to go a little lower from here and I think the US dollar is going higher.”
“Uh so especially if you are um comparing gold to the US dollar, right? There are other economies that look at gold in terms of their currencies, but in terms of the US dollar, I think this bet is flatout wrong. And I would be uh intrigued by the opportunity to take the other side of that.”