The Macro Dirt Podcast The Commodity Complex is Going Bananas
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Jan 29, 2026 A deep dive into a commodity-led market surge with gold, silver, uranium, oil and broader commodities ripping higher. They dissect dollar breakdown and FX volatility driving the moves. Trading themes include positioning across metals, energy and international equities. There are colorful asides about Vegas DJ life, crowd energy, and movie picks.
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Dollar Comments Spark Commodity Surge
- Trump's dismissive comments triggered large FX moves and helped restart a dollar downtrend.
- Jared Dillian and Tony Greer link that dollar weakness to a renewed commodity rally across metals and energy.
Technical Break In DXY Matters
- The dollar broke through a multi-month double bottom, putting the downtrend back in motion.
- Tony Greer warns the move needs follow-through or it could mean-revert because many remain bearish the dollar.
Position For A Commodity Upswing
- Position for the commodity trade: long metals, commodities, international and emerging markets.
- Jared Dillian explicitly lists these as the trades he is carrying into the rally.
