Welcome to 2023 and the US Dollar Losing Favor

This week, I want to highlight some of the currency shifts that are taking place presently.  Not surprisingly, the Chinese Yuan is gaining favor around the world at the expense of the US Dollar.           This from Alex Kimani (Source: https://oilprice.com/Energy/Energy-General/Why-We-Shouldnt-Underestimate-Chinas-Petro-Yuan-Ambitions.html): The de-dollarization of the global oil industry is in a treacherous mission creep phase.…

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Are Currency Changes Imminent? – Part 2

          The big news in financial markets last week was the big decline in US Treasuries.  Not surprising given the news I discussed last week; Russia has now loosely tied its currency, the Ruble, to gold and required any country that Russia deems to be unfriendly to use Rubles or gold when trading with Russia.…

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Will Russian Sanctions Mean Higher Inflation?

Stocks continued their decline last week as metals rallied strongly.  While many analysts blame the rising geopolitical tensions for the decline in stocks and the rise in gold and silver prices, the reality is that stocks went into calendar year 2022 extremely overvalued, and metals were undervalued in light of the massive currency creation that…

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