Mike Kosares: Petro-yuan could displace petro-dollar
Dear Friend of GATA and Gold:
The new "petro-yuan," created by the oil futures contract that began trading in Shanghai this week, could mean a lot for the dollar and gold by displacing the petro-dollar, USAGold's Mike Kosares writes. His analysis is headlined "'This Is the Single Biggest Change in Capital Markets, Maybe of All Time' -- Union Bank Switzerland" and it's posted at USAGold here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.