It’s a new year, but it’s still the same market with the same people in it and the same worries. And the big story is still the collapse of oil prices. As I write, oil just slipped to a new 5½-year low. Why? Below I’ll reveal some things you probably don’t know about oil pricing — an explanation from the only guy who seems to get this: Warren Mosler, a former banker and ace hedge[...]
Tag: russia
Consumer Companies Issue Most Negative Guidance Ever Despite Lower Gasoline Prices
by Wolf Richter But the oil-price crash was supposed to goose consumer spending. The price of oil continues to crash relentlessly. WTI trades at $49.80 as I’m writing this on Monday after hours, down 5.5% for the day, and down 54% since June 2014. The oil-price plunge is eating into the American oil boom, munching on income statements and balance sheets of drillers that have gorged on junk[...]
China To Launch Yuan Swap Trading With Russian Rubles On Monday
The world was slow to wake up to the new reality in which China is now the de facto IMF sovereign backstop, as Zero Hedge described two weeks ago in "China Prepares To Bailout Russia" when we noted that a PBOC swap-line was meant to reduce the role of the US dollar if China and Russia need to help each other overcome a liquidity squeeze, something we first noted over two months ago in "China,[...]
China Prepares To Bailout Russia – East Continues to Break Away from West
Earlier this evening China's State Administration of Foreign Exchange's (SAFE) Wang Yungui noted "the impact of the Russian Ruble depreciation was unclear yet, and, as Bloomberg reported, "SAFE is closely watching Ruble's depreciation and encouraging companies to hedge Ruble risks." His comments also echoed the ongoing FX reform agenda aimed at increasing Yuan flexibility which The South China[...]
Top Asian Hedge Fund Manager Predicts Banner Year For Gold In 2015
Stocks surged while oil and gold gave up early gains after the decision by the Fed to drop the "Considerable time" pledge on interest rates. King World News reached out to one of the top hedge fund managers in Asia to get his take on what has transpired and what to expect in 2015. Eric King: "Bill, what should people expect to see as we head into the end of this year and what about[...]
The Market Gage December 17, 2014 – Russian Headlines Impact Precious Metals
“The Market Gage” features insights into the precious metals market from Roy Friedman. Roy has over 30 years of in-depth experience in all facets of precious metals. Precious metals have had a volatile trading week on good volume with most of the moves prompted by headlines that have to do with Russia. As sanctions continue to impact the Russian economy, President Putin has been[...]
With Its Gold “Vaporized”, A Furious Ukraine Turns On Its Central Bankers
As reported two weeks ago, following a stunning announcement by the head of Ukraine's central bank, Valeriya Gontareva, on primetime TV we learned that (virtually) all of Ukraine's gold was gone, or - in the parlance of Jon Corzine - had "vaporized." And as we also predicted two weeks ago, it was only a matter of time before Ukraine's people - the vast majority of whom are innocent pawns in a[...]
Grandmaster Putin’s Golden Trap – Forget Misplaced Sentiment, Position to Profit From the Financial War
By Dmitry Kalinichenko Very few people understand what Putin is doing at the moment. And almost no one understands what he will do in the future.No matter how strange it may seem, but right now, Putin is selling Russian oil and gas only for physical gold. Putin is not shouting about it all over the world. And of course, he still accepts US dollars as an intermediate means of payment. But[...]
Putin Stockpiles Gold as Russia Prepares for Economic War – London Telegraph & World Gold Council
Russia's central bank added to its reserves of bullion in the third quarter, according to the latest report from the World Gold Council Russia has taken advantage of lower gold prices to pack the vaults of its central bank with bullion as it prepares for the possibility of a long, drawn-out economic war with the West. The latest research from the World Gold Council reveals that the Kremlin[...]
Putin Is About To Rock The Gold, Oil & Currency Markets
from King World News Today a legendary trader and investor, who recently called the bottom in the U.S. stock market with remarkable precision, gave King World News a stunning interview where he laid out exactly how Russian leader Vladimir Putin is about to rock the gold, oil, and currency markets. Victor Sperandeo has been in the business 45 years, and has worked with famous individuals such as[...]