Commodity Trade Mantra

Posts Tagged ‘Reserve Status’

The Next Gold Bull Market Starts Before October

China believes the renminbi is “ready for reserve status.” What’s the connection to gold? If Chinese officials seek “reserve” status for the currency, they’ll want to announce their updated gold holdings beforehand. Demonstrating they hold ample gold reserves puts the currency on more solid footing.

Voices Grow Louder To End Reserve Status Of The US Dollar

“What was once a privilege is now a burden, undermining job growth, pumping up budget and trade deficits and inflating financial bubbles.” Jared Bernstein urged that, “To get the American economy on track, the government needs to drop its commitment to maintaining the dollar’s reserve-currency status.”

Will there be an Epic (final) US Dollar Rally?

The overall down-trend of the US dollar is clear. But one must remember that counter-trends are typically far more powerful than many expect – and many counter-trends last far longer than expected as well. Let’s discuss the factors that could conceivably bring about the mother of all counter-rallies in the USD.

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