Archive for April 2023
Crazy US Treasuries and A US Dollar Forecast
Last week, here in “Portfolio Watch,” I discussed some of the movement away from the US Dollar globally. This week, something else very interesting occurred. There is now a HUGE disparity between the yield on a 1-month US Treasury bill and a 2-month US Treasury bill. This from Wolf Richter (Source: https://wolfstreet.com/2023/04/20/short-end-of-the-treasury-market-goes-totally-nuts-doubts-creep-in-over-debt-ceiling/): Today was…
Read MoreHave You Heard of Unicoin?
It’s as unsettling as it is interesting. As I have been observing from time to time in “Portfolio Watch”, there are currency changes taking place around the world. As I noted last week, citing an article from Michael Maharrey, the move away from the US Dollar worldwide is accelerating, with China and…
Read MoreMore Evidence the US Dollar is Dying?
The move away from the US Dollar around the globe continues to accelerate, as confirmed by a brief review of the headlines from the past week. This is from Michael Maharrey (Source: https://schiffgold.com/key-gold-news/china-brazil-trade-deal-ditches-the-dollar/): More bad news for the dollar. Last week, China and Brazil announced a trade deal in their own currencies, completely…
Read MoreUpdate: Stocks and Silver
There were two big market movers last week. Stocks and silver both advanced between 3% and 4% on the week. As far as stocks are concerned, the downtrend line that has been in place since January of 2022 has now been broken to the upside, as noted on the weekly chart of an…
Read More