+1 I have shown in the past that that was a furphy. Data shows it's all BS. Then I started the Friday night smackup thread..... Haven't heard it mentioned lately.
Swiss 10 year bond has gone negative http://www.investing.com/rates-bonds/switzerland-10-year-bond-yield
US market is closed today I think so volume will be down and no real news out today. "Should" be a flat day
I hope the US holiday flat day is a thing of the past also.. me want actione, and gold has just gone positive in AUD!
and Russia are selling US Treasuries high and buying GOLD low..... When China and Russia are ready, they will challenge the West.....
Because of this: 13/01/2015 137676 $1229.70 Producer/Merchant/Processor/User Long 34607 Short 99314 SwapDealer Long 57011 Short 129980 ManagedMoney Long 132173 Short 30232 OtherReportables Long 60786 Short 32501 SmallTraders Long 38984 Short 31534 06/01/2015 122672 $1215 Producer/Merchant/Processor/User Long 32669 Short 92020 SwapDealer Long 58869 Short 122190 ManagedMoney Long 128325 Short 34129 OtherReportables Long 59380 Short 31398 SmallTraders Long 34990 Short 34496 30/12/2014 113134 $1201.30 Producer/Merchant/Processor/User Long 28690 Short 82890 SwapDealer Long 59587 Short 118521 ManagedMoney Long 124928 Short 37878 OtherReportables Long 57969 Short 29182 SmallTraders Long 34608 Short 37311 23/12/2014 105225 $1178.30 Producer/Merchant/Processor/User Long 31936 Short 82559 SwapDealer Long 63961 Short 118563 ManagedMoney Long 123087 Short 40890 OtherReportables Long 57893 Short 29180 SmallTraders Long 31228 Short 36913 From $1178.30 to $1229.70 is +$51.4 From 105225 to 122672 is +17447 x 100 = 1,744,700 ounces or 54 tonnes more hedged, future months price share added to spot price. During the bull years tops of 300000 occurred many times. During the bear years tops dropped to 150000. The last futher price increase (to $1280) probably lifted that 137676 further up to 150000. I bet some are heating up their pants now with their fists hovering above the SELL button.
About the Swiss, back in september 2011 their national bank guys decided the peg because their franc became alot more expensive due to speculation. The search for safe heavens. This had consequences for their economy, and if they abandon the peg now, it must be for the same reason, but now on the other side of the value swung. The euro weakened too much, the franc became too cheap, and...
US condemns new separatist attack in Ukraine's Mariupol, points finger at Russia ...""I join my European counterparts in condemning in the strongest terms today's horrific assault by Russia-backed separatists on civilian neighborhoods," Kerry said.".... http://www.foxnews.com/politics/201...-in-ukraine-mariupol-points-finger-at-russia/ It won't take much I think....
Russia preparing to develop Gaza gas field In a significant political and economic development, Palestinian President Mahmoud Abbas met Jan. 23 with Russian President Vladimir Putin. The meeting came as a prerequisite to officially sign an investment agreement aiming to develop the Gaza offshore gas field in the Mediterranean Sea. It is only logical to assume that this step will raise the ire of Israel. The latter does not appreciate the role Russia plays in the region, especially since Israel has never come to an agreement with Russia. Read more: http://www.al-monitor.com/pulse/bus...e-offshore-gas-field-gaza.html##ixzz3PpSG8K7h http://www.al-monitor.com/pulse/business/2014/01/russia-palestine-offshore-gas-field-gaza.html#
Iran moves away from US dollar in foreign trade Iran is stopping mutual settlements in dollars with foreign countries and agreements on bilateral swap in new currencies will be signed in the near future, the Central Bank of Iran (CBI) has said. "In trade exchanges with foreign countries, Iran uses other currencies, including Chinese yuan, euro, Turkish lira, Russian ruble and South Korean won," Gholamali Kamyab, CBI deputy head, told the Tasnim state news agency. http://rt.com/business/225919-iran-switches-from-dollar/
From what I knew, Iran abandoned the dollar and the euro more than a year ago. Apparently they kept it for a while, for certain situations. From what I've heard from other sources, the population still uses euros and dollars. Iran has plenty of foreign exchange black markets.
