There is a logical paradox: choosing other assets due to US dollar credit risk, while at the same time, other safe-haven assets are all priced in US dollars. When a real crisis occurs, funds will seek the most liquid asset (the US dollar) to exit, and this liquidity in turn strengthens the dollar.

Longbridge - 奇迹的交易员cola
奇迹的交易员cola

With the oil crisis, the US dollar strengthens, inflation rises, and interest rate cuts are reduced, no matter who wins this war, metals will fall in the short term because everyone will run back to the US dollar, so stablecoins will rise; but once it ends, they will bounce back quickly. So I'm being honest, I'm stuck between a rock and a hard place because the long-term demand for copper, gold, iron, and aluminum is here.

$Southern Copper(SCCO.US)

$Cleveland Cliffs(CLF.US)

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