Gold seems to be hlding the previous loaves at the shore term, but the trend certainly hasn't turned up yet. Ten year treasury yield is just north of three and a quarter%, we're a stone throw away from that june high. Clearly bond are acting quite bearishly, almost even arguly more bearish than e equities are behaving right here.
MacroVoices Erik Townsend and Patrick Ceresna welcome Dr. Anas Alhajji to the show to discuss the role of the petrodollar system and what the implications would be if other nations settled oil trades in currencies other than the USD. They also discuss the Russian crude price cap proposal and why it can’t possibly work. https://bit.ly/3QDd8IU
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