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Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights that the U.S. dollar is nearing a crucial technical support level.
Costa suggests that a break below this support could signal the start of a much broader decline for the currency. He believes this move could be the most significant driver for markets over the coming years.
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Costa previously observed that gold plays an enduring role as true money during major monetary gaps. He has also noted that agricultural commodities recently broke above a nearly 20-year resistance level. His market commentary often tracks significant inflection points across asset classes.