Late Monday Night:
Guesses to Late Night Picture Clues/Intel:
shaman December 15, 2014 at 11:45pm The historical bonds got funding
SLH 1812 > shaman December 15, 2014 at 11:49pm Good news that those bond funds are flowing...now, how long before exchanges can start happening?
Early Tuesday Morning:
Ck Collings Good Morning Everyone! Today is still a great day, there is magic in the air! Parliament is going back to discuss budget today, with all the smoke and mirrors this could be the last time they had a chance to jerk our chain.
Ron Burgundy December 16, 2014 at 8:10am
RUBLE AT ALL TIME LOW - DESPITE RATE HIKE!
All talk on CNBC is currencies (and oil), the Ruble crisis, this possibly spreading to other currencies, etc.
EXOGEN December 16, 2014 at 8:04am http://www.monex.com/liveprices/
EXOGEN December 16, 2014 at 8:03am http://www.bloomberg.com/quote/DXY:CUR
A rise in global gold prices continued falling oil Posted by BaNDiTo.RoX on December 16, 2014 at 7:23am
Follow-up / ... World Gold price rose on Tuesday, supported by dollar weakness after it fell by more than two percent in the previous session, its biggest decline in more than a year with the continued decline in oil prices.
Besides oil investors watching the Federal Reserve meeting (US central bank), which begins today and lasts two days to show signs on when to raise interest rates in the United States.
The US economy has improved and increased the rate of job creation is faster than expected pace since the previous meeting of the central in October when the bank stressed that interest rates will not rise before long.
He added gold in the spot market 0.4 percent to $ 1197.20 an ounce (an ounce) by 0642 GMT, with the decline of the dollar against a basket of currencies, which reduces the cost of the precious yellow metal for holders of other currencies.
Fell Gold futures in the United States for February delivery 0.8 percent to $ 1198 an ounce, extending losses for the fifth session.
Silver surged 0.2 percent to $ 16.15 an ounce and platinum rose 0.3 percent to $ 1207.75 an ounce and palladium rose 0.2 percent to $ 797.22 for 1 Oqah.anthy
The price of a barrel of oil to $ 55 Posted by BaNDiTo.RoX on December 16, 2014 at 7:29am
BAGHDAD / Obelisk: Oil prices fell again to the lowest level since May 2009 after comments seen as discouraging officials Organization of Petroleum Exporting Countries (OPEC ).
The price of a barrel of crude lost the reference light "Sweet Light Krod" January delivery to $ 1.90 in the New York market (Nymex) to reach US $ 55.91, the lowest price since the beginning of May 2009 .
The analyst said Carl Larry, "There is a lot of speculation that carried the market to bottom," he said. "Today concern is focused mainly on OPEC refused to express an intention to take any action to reduce its production . "
The OPEC Secretary-General Abdullah al-Badri defended at a conference in Dubai Sunday this strategy, saying that the gap between supply and demand does not explain the drop in prices at a time when OPEC kept it on its output ceiling unchanged at 30 million barrels per day during the last meeting in November / November .
Analysts said the "Commerzbank" "hardly believe that OPEC wants to know to what extent they can go in the current situation . "
He went Emirati Oil Minister Suhail Al Mazroui further during the conference itself, according to experts said that OPEC can afford the price up to $ 40 a barrel .
Said analyst Phil Flynn said, "OPEC continues to fortify their positions (..) Emirates says it is not necessary to hold an emergency meeting (..) and they do not hide their target is the American oil shale that," in the hope that the fall in prices, "to the exclusion of some producers." .
Guesses to Exogen’s Picture Clues/Intel:
BlueEyedGoddess It's time to look at the many parts of the budget.
Vinman Time is ticking for the Iraqi budget to be printed and revealed globally. They will not release the budget on a program rate. Must be international.
BaNDiTo.RoX > EXOGEN December 16, 2014 at 7:14am A parliamentary committee: the budget need to reduce the price per barrel to below $ 60
Exogen: Deputy for the National Alliance, said, "The Cabinet meeting ended today without recognizing the financial budget for 2015".
Cosmic Consciousness > EXOGEN From Mark Elliott Flowers: Backdoor negotiations are going on for the Vietnamese Dong to drive the RV at the rate of 2.69. China has given an open window to get the RV done and to be the number 1 country to drive the new banking system. The countdown has started
Cosmic Consciousness > EXOGEN So, apparently Iraq is only a curtain of smoke and the real negotiations are taking place in Viet Nam. These are great news! When is the deadline for the window given by China?
Kentara > Cosmic Consciousness Hi guys…..This is a complete strategy change...does this move the rv faster...or create drag ?
Ranger4564 > Kentara If you don't think the US policy constraints on Iraq have been a drag, I don't know what you think it has been. Vietnam or any other country being groomed to circumvent US policies is a good thing, and brings the RV closer. Unless of course, the US again stalls those moves also. Eventually, the world will just look, point fingers, laugh, and turn their back on the US. So eventually, the RV will go through, and China will keep trying till they get fed up and tank the US economy.
Lightworker > EXOGEN The rate will appear like magic
RodjiW > EXOGEN I would LOVE to see the Wizard pull an RV out of his hat!!!! :)
Darren > RodjiW Pay no attention to that man behind the curtain. The jig is up : )
G T December 16, 2014 at 9:05am Tuesday Morning Clues....
Their LOOKING At The BUDGET (Budget Can't Be Released without a VALUED RATE)!!!
So WHEN WILL THE RV/GCR GO PUBLIC!!!
Projected timeframe..... 17th thru the 19th
VNN RATE.......$2.69 (but not guaranteed!!! Until rates are Public it's ALL educated Guesses)
Open windows to get this Done (RV/GCR)
The Public Rates will appear like A Magic Trick....Similar to pulling a "Rabbit out of a Hat"
Jon : Isn't UN due for their rate changes by the 17th ? I understand they have 2 days from the 15th and 30
tinaturner > Jon Good point!
T.O.T Yesterday RV/GCR mentioned that they were trying to hold this until Thursday. I see now they are saying that the budget will have an emergency meeting on Thursday. Are they manipulating the markets to get everything in place for a Thursday rate to included funding the bonds and paymasters?
OilRat Think for a second......JMO
What if the PTB are using the oil price reduction to fix two things.
1. Cripple Russia more (rather than more Sanctions) due to Russia's extraction costs being $80-90 bbl.
This does not destroy Iraq because their extraction rate is $10 bbl.
2. Assist the banks in allowing them to hedge against their current dirivitive problem. If the banks can now invest in oil at $50-55 bbl and it eventually (4-6 months) goes back up to $80+ bbl.....that's a pretty significant ROI.
Vinman > OilRat Why....it's an all out currency war!
EXOGEN December 16, 2014 at 9:56am
As expected, Putin has come back swinging from all the sanctions and market manipulation in the oil price deciding to surprise the world with an interest rate hike to 17% from the Russian Central Bank.
After gaining 10% on the initial news the market riggers threw everything they had at the Ruble and it is now falling through the floor. The Russian stock market is down 15% as we speak and there is massive turmoil.
The big question now is WHY and WHAT'S NEXT?!
The WHY question is fairly easy...Putin has just thrown a monkey wrench into the very delicate FX system that is now crashing the Global Monetary System. All the derivatives based off the Russian Ruble are in chaos and reeling from the MASSIVE Black Swan move in rates. Many FX exchanges have already shutdown US Dollar/Ruble trading...
The USD/RUB Pair Will Be Discontinued Due to Recent Instability of the Russian Ruble
This is turning into a HUGE problem for anyone with derivative positions in the Russian Ruble.
As usual the ramifications of this may not be seen today but check back within 30 days as the derivative losses start to mount.
Russia is holding a news conference today...the question is: What will they say about the future of the Ruble? I think it's a bit too early to announce some sort of gold backing of the Ruble but this definitely lays the groundwork for Putin's next move.
More FX instability = More need for a Gold Standard
Let the chaos continue!!
May the Road you choose be the Right Road