China Prepares Death Blow To The Dollar – be ready for market volatility!!!

On March 26 China will finally launch a yuan-dominated oil futures contract. Over the last decade there have been a number of “false-starts,” but this time the contract has gotten approval from China’s State Council. With that approval, the “petroyuan” will become real and China will set out to challenge the “petrodollar” for dominance. Adam Levinson, managing partner and chief investment officer at hedge fund manager Graticule Asset Management Asia (GAMA), already warned last year that China launching a yuan-denominated oil futures contract will shock those investors who have not been paying attention. This could be a death blow for an already weakening U.S. dollar, and the rise of the yuan as the dominant world currency. Read More @ https://oilprice.com/Geopolitics/International/China-Prepares-Death-Blow-To-The-Dollar.html

Trade Tariff Stare Down Triggers Gold Rally – rally is just the beginning.

This week was certainly ripe with major events, each of which has had a direct and immediate impact on gold. However, it was the escalation of trade tariffs proposed by President Trump this week that sent gold prices dramatically higher and equity pricing to its lowest level since November 2017. An announcement by President Trump that he is proposing new tariffs to be levied against China sent shivers through U.S. equity markets yesterday, resulting in a decline of over 700 points in the Dow Jones Industrial Average. These concerns continued today with the Dow plunging another 400 points and gold gaining $20 per ounce today. Read More @ http://www.kitco.com/commentaries/2018-03-23/Trade-Tariff-Stare-Down-Triggers-Gold-Rally.html

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