Earlier headline is here: Gundlach sees 3-4 years of strong dollar trends left

A little more detail now from DoubleLine Capital's Jeffrey Gundlach (via Bloomberg):

  • Federal Reserve may not be in a position to raise interest rates this year as the U.S. dollar has strengthened
  • "Now we're in this difficult position when the Fed is being guided by the dollar,"
  • With the dollar paring its rally, "soon you're going to hear that the Fed has room to raise rates and the dollar will get stronger, and we'll go round and round on this merry-go-round of circular logic."
  • Said currency trends tend to persist for a decade, and that he sees three to four more years of a strong U.S. dollar
  • "I still believe strongly in the dollar being in a secular bull market"
  • Reiterated he is positive on gold
  • Expects the price to $1,400 an ounce by the end of the year