Why was Russia dumping USTs and what will do with all the funds it garnered from liquidating US debt instruments?

The dollar constitutes about 60% of global reserves, 80% of global payments and almost 100% of global oil transactions. So the dollar’s strength or weakness can have an enormous impact on global markets.

The decrease in US debt holdings diminishes Russia's dependence on the US dollar. Instead, Moscow is boosting its bullion reserves.

Venezuela’s central bank in April paid $172 million to U.S. bank Citigroup to recover part of the gold it had put up as guarantee in a swap operation.

Gold is actually at a good point to turn up here, as it is close to a zone of support which is underpinned by the rising 200-day moving average in quite close proximity. This looks like a pretty good point to undertake more accumulation.

Silver appears to be in the very late stages of its Head-and-Shoulders bottom, and with the price still not far off the Right Shoulder lows, we are a very good point to continue accumulating silver investments – silver itself, silver coins, silver stocks and ETFs, and for those who are set up to do so and know what they are doing, silver futures and options.