weakening dollar

[SilverPalm]

Has the GBP come to a bottom against the USD???

[SilverPalm]

CHF is back down to parity, after it's recent 10% premium. Is CHF now a buy?

[ruthenium]

The CHF and the SNB got loans from the FED for some reason...not good.

If the Brits really do fiscal reform....and go gonzo on ALT fuels, maybe...but they need energy....

I plan to stay clear of the government issued fiats.....why not ETF Metal for the moment until things look really dicey...

Dollar toppy....but a geopolitical event could change all that....elections likely to strengthen dollar and equities on elections/day after. CPI lower would strangely be interpreted by the markets and gold as light at the end of the tunnel...inflation not dead....dollar weakening will re-ignite that.

If peace breaks out hit the buy button on everything but defense stocks and that is a snowballs chance before .... I think we got a dose of China's Covid recovery this week.. I would take that recovery to also dampen the dollar.

https://www.tradingview.com/x/1KIU2UbO/

[ruthenium]

New bond FIRE??

https://www.tradingview.com/x/jL2h1igk/

[PM Bug]

Jan 25:

Russian Foreign Minister Sergey Lavrov said on Wednesday that Brazil, Russia, India, China, and South Africa – BRICS countries – will discuss creating a common currency at the group's forthcoming summit this August in South Africa.
...

https://www.aa.com.tr/en/economy/rus...rrency/2797085

Feb 8:

...
Following the decision by the BRICS countries to consider new members, Russian Foreign Minister Sergey Lavrov claimed that "more than a dozen" countries have expressed interest in joining the economic group comprising Brazil, China, India, Russia and South Africa.

Although the foreign minister did not name the interested countries, it may be noted that Algeria, Argentina, and Iran have applied to join BRICS. They are not the only potential new BRICS members as Afghanistan, Egypt, Indonesia, Saudi Arabia and Turkey are also interested in becoming members.
...
Nonetheless, BRICS members do share interests such as multipolarity and the potential for de-dollarisation. The five current BRICS members are considering a single common BRICS reserve currency, a potential rival to the US dollar and the IMF's Special Drawing Rights currency. This could enable BRICS members to expand their influence in the global financial system by offering an alternative global payment system.

For China and Russia in particular, the inclusion of new BRICS members supports their shared ambitions for a multipolar world and de-dollarisation. Both countries are eager to protect their interests from their geopolitical and geoeconomic rivalry with the US and avoid further sanctions.
...
For several potential members, various interlinked domestic crises need to be resolved before membership is possible. Meanwhile, for other potential members, regional rivalries need to be put aside to ensure membership.
...

https://www.msn.com/en-xl/news/other...in/ar-AA17fozE

Sounds like Iran and Saudi Arabia would need to resolve the 1,400 year old Sunni/Shia "regional rivalry" for the BRICS to consider them for membership. Now today:

Long-time regional foes Iran and Saudi Arabia agreed to resume diplomatic relations and reopen embassies in each other's countries following China-led negotiations in Beijing, both governments announced via their respective state media agencies.

"As a result of the talks, Iran and Saudi Arabia agreed to resume diplomatic relations and re-open embassies ... within two months," Iran's news agency IRNA reported Friday.
...

https://www.cnbc.com/2023/03/10/arch...embassies.html

If Saudi Arabia does join the BRICS and they do roll out a common currency, it's going to be the end of the petrodollar system.

[golditiki2]

things are jazz, nothing seems to be stable. It was to be foreseen, the exponential extreme leveraging in order to extract money out of a crushed bone powder ends somewhere.

Humans never will be wise, it is impossible. The music stopped and now everybody is scrambling for a chair.
Of course governments will try to talk us into sleep, but anybody having a bit of understanding knows that when the ideck of the huge nverted pyramid is falling there is no escape. To jump from paper to paper is worthless, because all paper is rotten. Only real things and real services are valid assets. Ownership ( stocks may also be worth something but expressed in currency only part of what they might have been some days ago. Some stockvalues might hold, others go to zero. The big sifting will happen, no doubt, bank bancrupties or not, the system has to be weeded.

difficult to assess the future valuerelations between currencies. There will be big turbulences, that is for sure. If they bail out everybody, it the result will be hyperinflation, if not crashrecession. It requires skill to skipper between two deadly skerries.

Golditiki2+++

[golditiki2]

tha latest info seems to tell us that the items bstressed banks sell are sold or accepted as collateral at PAR, it means in reality there is no arbitrage anymore and the Masters keep the needle of the (market)scales stuck.

That is like hollowing out the area upon which your house is built, apparently fine looking in reality on the point of collapsing into the cavity underneath. It will only take some time and that will happen, on a fine day when.

One of the indicators the new KING KONG will appear, will be a sudden organized drop in goldprices and then BADAM, the collapse will happen.

The Masters will congress in secret and simsalabim tell the world their solutions which they already had prepared for your " good" and for their profit.


Golditiki2+++