Loading ...Re Printing press…that’s all they have got now !!!!!!
Maddog
They better get the presses inked up. Liquidity forever!
Someone very big is in trouble….it was one thing when the Libor/OIS spread blew out, due to Libor
that could have been a technical problem somewhere…..but now whatever it is, is hitting Banks Short Term funding costs…..That is a sure sign, that there is a serious problem out there…..
Turkey to send drill ship to contested gas field off Cyprus
A showdown over natural gas and oil deposits in the seas off Cyprus is set to intensify, with Turkey announcing it is to send a drilling ship to the region days after the US energy company ExxonMobil dispatched its own survey vessels to the area.
As tensions flare over the potential spoils off the divided island, the Turkish president, Recep Tayyip Erdoğan, has declared he will not tolerate the prospect of reserves being exploited by Greek Cypriots at a time when his country is engaged in conflicts elsewhere, not least against Kurdish fighters in northern Syria.
Last month, Turkish warships were ordered to prevent drilling operations by ENI, an Italian energy company commissioned by Cyprus’s government, in what was seen as a brazen act of brinkmanship.
Turkey argues the self-proclaimed Turkish republic of Northern Cyprus should also be allowed to exploit the offshore wealth, claiming that areas designated for drilling fall under Ankara’s maritime jurisdiction or that of the Turkish Cypriots.
Fecebook
is finished !. They sold your info to everybody for money ! They made you vulnerable to mining thieves ,iIdentity thieves,Political election corruption ……..ZUCK is finished ,spell his name with an “F”.
He stole the idea/Co and they wonder if he can be trusted !!!!!!
Only snowflakes can be this stupid.
and yes……. he looks as guilty as sin.
The Banks
are root cause of all Americas problems and corruption of Democrats ,its no wonder Trump scares the crap out of them .He understands where the problem is ,also some Republicans that have been doing what Dems do ,selling out Americas interests for personal gain .”Make America Great again” means they are finished and maybe going to jail when the public learns WHO sold them out.
Putin understands Trumps problem ,Trumps not willing to kill the opposition like the Clintons did and its easier for Putin when he has that option open.Remember Clinton studied in Russia and learned all the tricks from the KGB about killing the opposition.They taught him.! Bill Clinton is a Hard Core KILLER with training by the old KGB.He went to school there !
U know I think with the SM looking like it will fall off a cliff, it has to be right to short lots of gold
here….
scum = as popular as chronic diarrhea in a space suit.
Oreef
yr 17.29
That maybe the next stage of the revolution, closeing down the CB’s and letting the mkts set rates.
Peer to Peer lending can take out the Banksters, the comming next crash, which the CB’s will not be able to fix, may finish them…..etc.
Gold Train
New Georgia line and the Saturday football special.
I’m guessing farmboy might be onboard.
http://www.railpictures.net/photo/651303/
macroman3 @ 23:44
I’m not sure of the mechanics of it but it would seem that what you suggest Could happen. Maybe there will be a run on the Chinese gold …to prevent that there may be some obstructions to go through before being allowed to convert to gold? I guess we’ll have to see what happens.
Soipso, I’m confused with this Chinese convertibility from Yuan to gold for oil.
What prevents US centric entities selling oil to the Chinese as much as possible and then taking the gold?
Seems to me a quick Charles de Gaulle raid a la US treasury and London gold pool collapse would destroy the Chinese contract swiftly.
The worldwide gold/oil ratio would have to expand enormously. If we are at 20:1 (1300/65) it would have to go to 50 or 75:1 so all that gold China acquired doesn’t vanish. What is the gold/oil ratio in Mother Earth like AU/AG 10:1, yet trading 80:1?
The ghosts of Nelson Bunker and Lamar whispered in my ear, “Expect the unexpected.”
Fun Facts
China will begin trading its petroyuan futures contract next week (3/26)
Buygold
This may help us. It seems lately when Tariffs have been talked about-implemented, it’s helped gold.
China Trade War Begins at 1230ET Tomorrow
https://www.zerohedge.com/news/2018-03-21/china-trade-war-begins-1230et-tomorrow
When we DO get some follow through then we’ll really know that the worm has turned.
Cheers have a cold one and enjoy your evening.
Ipso – yes
Today was good, but the HUI is still under 175, Gold has resistance here, silver is still miles behind.
We’ve been seeing one day wonder’s forever. Follow thru would be a nice change of pace.
We’ll see what tomorrow brings. Days after Fed meeting rallies have not been kind to us.
Hope I’m wrong and this time is different…
Buygold
… but today was good … right? 🙂
Maddog
It’s all about follow thru. We’ve had none for years.
This good day could all be erased by tomorrow.
I Think It’s Our Turn Now, Everybody Gets A Turn.
The whole system is whacko. Very unstable. The manipulated man made fake economy is vulnerable until this country starts getting wealthy again. Its going to take a lot of years to get better. I don’t believe the fake “great economic news” in the media.
The system is in a “transition”. The experimental, 1913 to 2008 system ENDED in 2008. RIP. They are going hammers to hell stimulating during Trump, because the WHOLE eight years during Obama was too little too late, nickel and diming the natural reversal transition to restore the US consumer taxpayer middle class..
Look at the crazy whacko heating Oil charts.
https://finviz.com/futures_charts.ashx?t=ENERGY&p=d1
Similar thing with meats.
Gold up on rising interest rates
because now we’re one rise closer to the rise that blows the house of cards economy into the pit.
Trend reversal ?
Usually we in the PM sector are used to ‘stair step up, elevator down ‘.
Lately , I have been stair stepping down , followed by today when it was elevator up .
I won’t kid myself that this is a sea change , though .
But one day , we will be vindicated .