TY1: FRANK, IYO, does passing the General Amnesty Law pave the way for Shabibi to come back? I was thinking that was a key milestone to allow this to happen?
Frank26: FINALLY !!! !!! !!!
I take You to the water CONSTANTLY !!! !!! !!! It is up to YOU to ............. Drink.
Well done ......... So Pleased to see this post.
Now allow me to say ............ C U tonight. Bring this answer with You:
WHEN DID I SAY OIL PRICES WILL START TO GO BACK UP? KTFA Frank
TY1: HAHA Frank...Love you guys...Its like finding that one puzzle piece that has eluded you for hours....The back half of February is when oil prices will start to go up...Here we go....Good stuff...It should be interesting to see if they vote through the G.A. on Saturday! Thanks for all you do!
Bucking Horse: 1 /25/16 cc Quote: “Frank26: Now we believe….IOO…..that we are going to see this barrel of oil somewhere around $42-45…..going into the first week of February….then we are going to expect…..IOO….fluctuations in the month of February….now the fluctuations are going to be rather steady to be honest with you….up and down….up and down….but a steady climb….and it should land when it is all said and done somewhere between $42 and $45 per barrel….this is our opinion. KTFA Frank”
Sydneysam2: Frank, you have said a couple times in the past that usually when Iraq is given a timeline to accomplish something (in this case till the end of June ... which prayerfully will not be changed), they will take all that time and go right up to the 11th hour to complete it.
Do you feel they may wait till the 11th hour with becoming international (the rv) or do you think they know there is such an urgency to get this done much sooner; especially with how fast Iran is getting things done?
And they can't blame the heat for moving so slow (LOL), because it is winter now.
I am not asking for a date, just curious on your thoughts about Iraq's urgency of getting this done before summer??
Aggiedad77: Hello SS,
From what you are asking I would have to say that if you are of the "11th hour mindset" then that option is always on your table.....
however, if you study the CC's and so many of the Iraqi related news articles over the past 2-3 weeks....heck even the past 2-3 months you can't help but know and see an urgency on their part.....empirical data being thrown all over the place since the 8th......
Watch after today and see how fast information speeds up, more so than what it already is doing.
Take the 11th hour thinking and push it off the table....nothing but a date search......focus on what we can analyze and see now.....
There is great excitement in the air....from the expectations of the near term...IMO.....watch for the announcement from the CBI that DELTA is focused upon right now.....I'm thinking that should be very telling. Aloha Randy
RickD: Ding Dong Doc and the Hawk, I am wondering how the euro could get a curtain call with other countries accepting payment of oil with the euro? Having a hard time ciphering that one... Any help from anyone else would also be greatly appreciated! thanks, rickd
BACKDOC: GREAT QUESTION MY FRIEND!
IT COMES DOWN TO WHAT ACTUALLY BACKS A CURRENCY! ITS A KNOWN FACT THAT THE EUROS' BACKING IS BASED ON THE VERY TREATY THAT BINDS THE EUROZONE COUNTRIES.
WHEN THAT AGREEMENT IS PULLED APART, THE BACKING OR SUPPORT TO THE CURRENCY IS CERTAINLY IN QUESTION.
THE EURO DOESN'T HAVE A COUNTRIES GOLD BACKING IT. ITS BACKING IS BASED ON A TREATY OF MANY NATIONS. IF THAT TREATY BEGINS TO UNWIND I ASK YOU WHICH COUNTRY WILL BE RESPONSIBLE FOR FINANCIALLY BAILING IT OUT!
WE SEE CHINA RECENTLY BEING UNDER PRESSURE TO DEVALUE THEIR CURRENCY RIGHT? RIGHT! WHO DEFENDED IT BY SPENDING RESERVES TO BACK IT
THE POINT IS THERE WON'T BE ANYONE COMING TO THE EUROS DEFENSE WHEN OR IF THINGS GET MUCH WORSE!
IF THE BRITS EXIT THE EURO, THERE MAY BE A BANKING ACCIDENT ON PURPOSE, THAT WILL POTENTIALLY CATASTROPHIC! IF SO COUNTRIES WILL REISSUE CURRENCY BASED ON THE ASSETS THEY HAVE! LIKELY THE NEW ASSET-BACKED DIGITAL CURRENCIES!
A CURRENCY IS ONLY AS GOOD AS WHAT BACKS IT! WE SHARE OUR STUDIES TO HELP YOU PREVENT LOSS AND GROW YOUR GAINS!
THE IRAQI DINAR IS GOLD BACKED BY 25% PER DINAR, INCREDIBLE!
BLESSINGS, DOC IMO
Mountainman: ???.....Would YOU want to "CARRY" an ELEPHANT/= "US TREASURIES" Around in Your NEW ECONOMY....LOL......With no. RESOURCE...LIKE "IVORY"....so to speak....LOL.....Yah... ME NEITHER!!!!!!!!
Thunderhawk: Here’s why speculation that China is mass-selling U.S. Treasurys could be true
Here’s why speculation that China is mass-selling U.S. Treasurys could be true
Speculation that China has been mass-selling U.S. Treasurys to boost its foreign-exchange reserves grew again Wednesday, after a report showed that Belgium’s Treasury holdings — viewed as a proxy for China’s holdings — declined sharply.
Analysts had been hypothesizing that China might be liquidating large amounts of U.S. government debt, after Beijing announced last week that the country’s foreign-exchange reserves fell in January to their lowest level in more than three years, after tumbling in December by the largest amount on record.
The release of the Treasury International Capital data late Tuesday, which contain all the flows of money into and out of the U.S for purchases and sales of U.S. securities, offered new “evidence of big Chinese selling,” said Thomas Simons an economist at Jefferies, in emailed comments.
According to the holdings data, China retained the top spot in December as the largest holder of Treasurys, with $1.246 trillion, down $18.4 billion from November. Japan maintained its position as the second-biggest holder of Treasurys, with $1.123 trillion, down $22.4 billion from the previous month.
But Belgian holdings also fell sharply, down by $21.9 billion.
“Belgian holdings have been a point of focus due to extreme volatility...This is significant because it is widely speculated that China executes trades with Treasuries held in custody in Belgium,” Simons said.
Indeed, Belgium’s holdings have fluctuated widely over the past year.
The small European country had ranked as the third-largest holder of Treasurys as recently as February 2015, but holdings have fallen by $202 billion since then and Belgium is not even in the top 10 anymore.
Combined with the $18.4 billion decline in mainland Chinese Treasury holdings, the data suggests that total Chinese holdings fell approximately $40.3 billion in December, according to Jefferies.
Overall, foreign official institutions, including central banks and sovereign wealth funds, sold $49.5 billion in Treasurys in December. But as private investors stepped in and bought $13.6 billion in Treasurys, the net outflow was of $35.9 billion, as the following chart shows.
Earlier this month, Société Générale global strategist Albert Edwards said China is burning through its foreign-currency reserves at such a blistering pace that the country will run down its cushion in a few months.
But data from Janney Montgomery Scott taking the official Chinese holdings as a base for calculation showed that, at December’s rate of Treasury sales, China’s Treasury portfolio won’t be exhausted for nearly six years.
“While China does need to raise dollars, sell those dollars, and buy yuan to support its currency, the pace of any needed asset sales is far from breakneck and instead looks remarkably measured,” said Guy LeBas, chief fixed income strategist at Janney, in a note.
Official Chinese selling “only accounted for about a third of Asia’s net outflows at $18 billion; Japan’s $22 billion [outflow] was actually greater,” LeBas added.
http://www.marketwatch.com/story/story? ... b1b04dda96