* It's Friday the 13th and it is a Friday before a 3-day holiday weekend

* Monday, of course is Martin Luther King Day

* The stock market will be closed in observance of the holiday

* Once again, I guess Friday the 13th was bad luck for those hoping for Dow 20,000

* In fact, the Dow finished the day Down, it was a slight decline for the Dow

* But not so for gold; gold was up again

* The Dollar was actually down again

* In fact, this year is already shaping up to be a mirror image of what everybody expected when the year began

* The Dow is up slightly, about a half a percent; the S&P is maybe up about 1-1/2 percent

* But look at the dollar; the dollar index is down 1%

* In terms of foreign currencies, the Dow is actually down

* The dollar index is mostly the euro

* If you take a look at some of the other currencies, the Canadian Dollar, for example, is up 2.5% so far in 2017

* The Australian dollar is up 4%

* These are some pretty big moves early in the year

* Remember, everybody was bullish on the dollar

* That was the trade, it was so crowded, everybody was in it

* Every strategist that I saw on financial news at the end of last year and early this year

* Was long the dollar, short the Aussie, short Canada, short the euro, short the yen

* Meanwhile, all these currencies are going up

* I think they're going a lot higher and I think the shorts are going to lose a lot of money

* Take a look at gold stocks

* Gold stocks are up about 10% so far in 2017 only 2 weeks into the year

* This is already a much stronger start for gold stocks than we had last year

* And of course, last year was a great year for gold stocks despite the fact that they sold off toward the end of the year

* Based on all the hype surrounding Donald Trump and all the great economic growth that we are going to get

* And how the Fed is going to be raising rates even faster and the dollar was going to be even stronger

* I knew all that was a bunch of nonsense

* People still believe it, but the markets are already showing it to be a false paradigm

* And most of the Wall Street strategists are going to once again miss out on these opportunities




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