Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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business
Typo ;-(
rt.com/businss/570746-warning-issued-for-petrodollar/
Note the date!
Monetary Fund
March 23, 2006
Presentation by Saleh M. Nsouli1
Director, Offices in Europe
International Monetary Fund
At the CESifo's International Spring Conference
Berlin, March 23-24, 2006
I. Introduction
The surge in oil prices in recent years has been taking place in an environment of rising global imbalances. Starting around 1996, a large current account deficit in the United States has been matched by surpluses primarily in other advanced economies and in emerging Asia, and has been accompanied by corresponding shifts in net foreign asset positions. To promote adjustment, policy advice has focused mainly on the need to promote savings in the United States and to foster expenditure in Asia, while moving to more flexible exchange rates arrangements. The impact of these recommendations has been limited so far, and large imbalances persist.
https://www.imf.org/en/News/Articles/2015/09/28/04/53/sp032306a
The dollar's global stature and wide use stem from the U.S. economy's leading global role and its openness to foreign trade and investment.1 These advantages proved irresistible to oil exporters, and their reliance on the dollar in turn extended its dominance.
https://www.investopedia.com/articles/forex/072915/how-petrodollars-affect-us-dollar.asp
Re Spoonington's misconception
KAU & KAG are hardly unique, they are just another stablecoin theoretically backed by a specific asset in this case gold & silver
Thank you for your enquiry,
It is healthy to question offerings, and we are producing lots of short explainers so as people can understand these complex products better, such as this blockchain explainer…
https://kinesis.money/blog/blockchain/understanding-the-kinesis-blockchain/
Regards
Andrew Maguire
Thanks Tibbs
Well written piece - Good Info. - Cheers.
Hi Paul,
Re your questions, it took me a little while to get you the answers, hope this helps?
Submitted by admin on Tue, 2023-01-31 14:47 Section: Daily Dispatches
By Robert Lambourne
Tuesday, January 31, 2023
Based on its December statement of account, published today --
-- the Bank for International Settlements, the central bank of the central banks and their gold broker, appears to have closed its gold swap business as of the end of the year.
It has been a rather wild ride for the bank's gold swap business since October, as the estimate for that month showed only 7 tonnes of gold swaps outstanding, and then In November the estimated volume of swaps rose dramatically to 105 tonnes.
The reduction in swaps more recently has been linked to the requirements of Basel III for more capital to be held in support of these transactions.
As is usually the case with the BIS, it seems unlikely that more information about the swaps will be released. It is also possible that the worsening outlook for the finances of Western nations, especially the United States, reduces the attraction of the gold swaps to the BIS and the central bank or banks for which the BIS seemingly has been acting.
As is clear from Table B below, the level of BIS swaps had been significantly higher in the first half of the year, and the October and December totals were easily the lowest in more than four years.
... Dispatch continues below ...
https://www.bis.org/banking/balsheet/statofacc221231.pdf
Major stock markets across the European continent saw slight gains ahead of Wednesday's opening bell as investors focused on the upcoming policy decision from the Federal Reserve, which is expected to bring rates up by 25 basis points.
As the earnings season heated up, Novartis, GSK and Vodafone were all expected to publish their fourth-quarter financial results throughout the day. The day will also be marked by the first preliminary inflation data for January, with markets expecting a slight decline.
The FTSE 100 slipped 0.06%, the DAX gained 0.08%, the CAC climbed 0.13% and the Euro Stoxx 50 expanded by 0.16% at 8:02 am CET.
The euro traded flat and the pound lost 0.09% against the dollar at the same time to sell for 1.08717 and 1.23170, respectively.
Baha Breaking News (BBN) / ND
Happy hump y’al
Gold currently $1928.46
I do hope you are right but when I fist read your bullish comment, I saw Gold is now bull****. ??
By former Whitehouse US Assistant for Economic Policy.
Paul Craig Roberts, published Monday.
Are the cracks begining to show ?
IMHO ,a little too early for that , But Ard Times acoming.
I think the same advice of exercising extreme caution and doing research can be said about most potential investments, even gold mines run on "Spoof"for short term gain to pump up the price by "Chancers and former policemen!
I seem to recall Andrew Maguire referring to this in several recent broadcasts!
'Unreported' Central-Bank Buying Boosts Global Demand
Tuesday, 1/31/2023 14:45
The GOLD PRICE fell and then rebounded from 2-week lows against a rising Dollar in London trade
Quite so Nofear!
Tuesday, heading into tomorrow's much-anticipated US Federal Reserve decision on interest rates just shy of $1920 per ounce after the world's largest gold ETF saw a small outflow overnight.
With the price of gold dipping within $1 of $1900 per ounce before rebounding, new data from the World Gold Council meantime made headlines by reporting the heaviest global gold demand since 2011 for last year as a whole.
"Colossal central bank purchases, aided by vigorous retail investor buying and slower ETF outflows, lifted annual demand to an 11-year high," says the mining-industry-backed WGC, now marking 30 years of its regular and widely-respected Gold Demand Trends reports.
Despite that rise in total demand however, gold prices were dead flat in Dollar terms in 2022, rising just 0.08% on the previous year’s annual average for gold's weakest price increase since the bottom of the bear market ending in 2015 thanks to large private investment flows to physical bullion turning negative, gold-backed ETF trust funds shrinking, and speculators cutting their bullish betting on futures and options contracts.
https://www.bullionvault.com/gold-price-chart.do
Trust me on this one!!!
Trust
I hope that you are right but you have said it 4 times so far this year.
Maybe you need a couple of more exclamation marks? !!!!!!!
Thanks Rebess, fascinating stuff and will certainly do my homework
Cheers Bob
KAU & KAG are hardly unique, they are just another stablecoin theoretically backed by a specific asset in this case gold & silver as opposed to the likes of Tether backed by USD. The addition of an ability to use a credit card to spend your gold & silver is just the same gimmick that was done with BTC backed credit cards which have largely proved to be uneconomic & simply add another level of fees to the card user.
My problem with stablecoins is that they are unregulated and the existence of the actual backing is often questionable.
KVT has all the hallmarks of a pump & dump Ponzi scheme. If they issue 300k coins at $1000 each the promoters walk away with $300M in exchange for a promise of giving a 20% share of a revenue stream which as yet does not exist - I know which side of that transaction I would want to be on.
All I am suggesting is that people considering investment in these products look closely at the business model backing the unquantified yield promises & exercise appropriate caution.
Good luck.
High Gold Price Strong on China's New Year Return Ahead of the Fed, But Sinks Indian Demand
Monday, 1/30/2023 14:46
GOLD PRICES in the US Dollar firmed on Monday as financial markets looked ahead to this week's interest-rate decisions and inflation comments from the Federal Reserve, the European Central Bank and the Bank of England, while the price of bullion in China and India, the two biggest gold consumer nations, rose to multi-year and all-time highs respectively, writes Atsuko Whitehouse at BullionVault.
With analysts and traders expecting the US Fed to slow, pause and then start reversing its interest-rate hikes in 2023 while the Eurozone and UK catch up, the Dollar index – a measure of the US currency's value versus its major peers – today edged down to near an 8-month low.
That saw spot gold steady above $1926 per ounce, down from Thursday's new 9-month highs near $1950 per ounce after the benchmark price in London – the precious metal's global trading and storage hub – just failed to make a 6th consecutive weekly gain on Friday afternoon.
"This gain [in gold] is believed to be largely driven by investors looking to mitigate risk and in anticipation of a slowing in / cessation of the Fed's rate cycle," says analysis from Rhona O'Connell at brokerage StoneX Group Inc.
Gold prices on the Shanghai Gold Exchange meantime began the new Year of the Rabbit unchanged on Monday from pre-Chinese New Year at ¥422 per gram, the highest since September 2020.
As China's financial and wholesale bullion markets reopened after the Spring Festival holidays, the price of gold in Shanghai continued to show a strong premium to London, increasing to $13 per ounce today, more than 60% above the typical incentive to new imports of gold into the metal's No.1 consumer market.
https://www.bullionvault.com/gold-news/gold-price-fed-013020232
The only way is UP Now!
Paul neither Kinesis nor Basle3 seem to have made much difference to the gold market unsurprisingly
Fair comments Paul, I was wondering the same!
Ive just turned on the computer and see gold and Centamin are down do far this morning.
Do you think that Basel 3 will kick in and make a difference or will it just be ignored and become another thing that people hoped would be a "Game Changer"? along with kinesis?
I remember it being talked about on here and Andrew Maguire had been bigging up the launch of it ---then it got cancelled or put back.
Has kinesis actually made any difference to the gold markets and will Basel 3????
Major stock exchanges in Europe traded lower in the premarket on Tuesday with another data-packed day ahead. Investors will be looking out for reports on the euro area gross domestic product (GDP), alongside the United Kingdom housing prices, and German unemployment change and retail sales.
In other news, UniCredit and UBS both posted their fiscal reports, while Spotify will follow suit and release its earnings at noon.
The DAX slipped 0.44% at 7:30 am CET, while the FTSE 100 and the CAC 40 both declined 0.33% at the same time.
The Euro Stoxx 50 fell 0.46% concurrently. Both the euro and the pound stood flat against the dollar at 7:32 am CET, selling for 1.08415 and 1.23447 respectively.
Baha Breaking News (BBN) / AY
Cheers- will be 25bps , but key will be the ensuing commentary from Jerome- no one expects anything like a pivot/any suggestion of incoming pivot, but a subtle move to wait and see will make a big difference on this path, although not that likely but you never know :-). The market will be hyper sensitive to any dovish tones- here's hoping
Steve I don’t say much when you mention that gold will probably see some action because of FED data etc simply because I’ve nothing to add but I do appreciate your heads up. Ty.
Wisdomtree Gold 3X Daily Leveraged
Wisdomtree Silver 3X Daily Leveraged
Tickers are
3SIL
&
3GOL