Dennis Gartman shows this
chart, courtesy of our friend, Mr. Eric Pomboy, of Sygyzy Research Group LC, that details the huge, even historic, net long positions taken in the various IMM currency futures for the EUR, the Yen, the Swiss Franc and the Canadian dollar.(…)
Interesting, is it not? But that would normally have been expected, for it is normal for the public to be wrong… and materially so… at major
turning points.
Related post: DOLLAR CORRECTION NEAR END
