Just came across this interesting news item regarding Iran’s decision to move from USD to Euros for foreign transactions. This can’t be good for the USD since it’s been on the ropes now for quite some time against the majors: GBP, EURO and YEN amongst others. If true, this would also impact the price of oil as all countries that now buy US Dollars to trade for oil will switch to Euros, thus reducing the inflow of money into the US.

US Treasuries may drop and Gold may shoot up.   It’s important to keep an eye on these events as they will certainly affect your portfolios 😉