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The established financial world order of the past 50 years is now transitioning to a new and unknown paradigm as the petrodollar agreement between the U.S. and Saudi Arabia was allowed to expire this past Sunday. The term ‘petrodollar’ described the U.S. dollar’s (USD) role as the currency used for crude oil transactions on the world market. It traces back ...
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Silver has fallen pretty significantly during the trading session on Thursday but has turned around to show signs of life. The 50 day EMA is an indicator that has captured quite a bit of attention, and it's worth noting that initially we shot higher with the weaker than anticipated PPI numbers coming out of the United States but have since turned around. ...