GOLD 0.51% $1,391.7 gold futures

gold, page-44737

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    https://sputniknews.com/business/201808061066987136-eu-block-iran-sanctions/

    What does this mean?

    It likely means trade between the EU and Iran taking place in euro and not dollar. Especially with regard to oil.

    More "de-dollarization."

    Happens slowly. This is not an "overnight" thing.

    Patience. Patience.

    BTW...

    Dealers are short the Dollar Index, 9:1.
    Asset managers are long the Dollar Index 29:1

    Speculators are net long the Dollar Index, 22,000 contracts. That is 41% of the total open interest.

    Asset managers and speculators are heavily long the dollar.
 
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