Saudi Arabia has announced the end of the petrodollar is upon the world by 2032 — the peak in the ECM. They now announced plans to invest by 2032 a total of $109 billion in the solar industry and become an exporter of electricity.

The traditional mumbo jumbo is dollar up, gold down. However, we may be entering a completely new phase. Gold and the dollar may no longer be archenemies. They are actually now moving to the same side of the fence, for the common enemy is the rapidly approaching electronic money, with so many analysts at banks […]

The latest scandal is the DEA sex parties. Let me state this right now. EVERY drug dealer who had serious cash in NYC federal prison stated bluntly the amount of money reported as confiscated was about 50% of the real number. When they told their court-appointed lawyers, as corrupt as anyone can be, they said […]

Some have asked will the dollar has previously fallen with higher interest rates so why will the opposite unfold now? The answer to that question is rather important to grasp – YES and NO. Sometimes YES and sometimes higher interest rates reflects a weak currency but NO for higher interest can reflect also a strong […]

  We have a shot that today may provide a temporary low for the Euro. We do have a Daily Bearish Reversal at 10546. So far the Euro has fallen to 10510. As you cab see, we also have technical support today at the 10549-10543 level.  So a closing back ABOVE 10546 today will raise […]

We did elect a Weekly Bullish back at 9000. We have reached back to 9347 where our resistance begins at 9361. We need a weekly closing back ABOVE the 9574 level to signal the dollar will move to new highs even against the Swiss. You will notice that not even the drastic collapse during the […]

QUESTION: Mr. Armstrong, its seems rather clear that for the last 30 years you would have been far better off just buying stocks rather than gold. I do not understand how people can even listen to these gold promoters who have no regard for a person’s financial survival. I have to wonder if they are […]

Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next couple of years as economic cycles in the region and the United States diverge. The deflationary trend will impact the region as hard-times emerge and the economies decline into 2020. The six nations in the Gulf […]

  With the intentional policy to lower the value of the Euro to try to stimulate the European economy, the dollar will rise as we have been warning and we may see this reach all time record highs. This will then turn the US economy down after 2015.75 and you can see, smell, and taste […]

QUESTION: Martin, I have a friend who is concerned about the impact of Russia’s breaking with the petro dollar.  I explained to him your point that trade is a small piece of the world economy and that the dollar (which is really the U.S. debt market) is still the only market large enough to absorb […]