Monday 17 June 2024

No Saudi Arabia hasn’t canceled the dollar

Debunking the “Petrodollar expiration” myth
 
   
     
   
 
JUNE 17, 2024
   
GEOF SMITH’S TAKE
Debunking the “Petrodollar expiration” myth
 

The bizarre "petrodollar expiration" rumors spreading on social media are complete fiction.

Claims that Saudi Arabia is abandoning the USD for oil in favor of other currencies are totally unfounded.

In my latest post, I expose the truth - the alleged US-Saudi "petrodollar deal" never even existed!

I break down the real 1974 agreement (which had nothing to do with currency), evidence of the Saudis using other currencies for decades, and why these rumors are misinformation designed to instill fear.

Click to read the facts.

— The Prosperity Pub Team

 
 
The Perfect Gold Trade?

Gold has been surging so far this year…

But one trader says: Before you place a single trade, you need to know: Buy and hold ISN’T the best way to play it!

He’s spotted “acceleration cycles” that have led to some spectacular gains.


Click here to watch the presentation!
TUCCI’S TWO CENTS
Understanding How To Read Technical Trading Charts
 

Hey everybody!

Phoenix here, you probably recognize me as Nate's trade analyst... Since I am on the front lines hearing from our students, I noticed a lot of questions about the basics and getting started from our members.

So once a week I am going to provide you with some Trading 101 resources right here in Nate's newsletter. 

Let’s get started!

Today I’m sharing how to understand technical trading charts!

— Phoenix Van Zutphen
   
 

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