FORMER Gencor and BHP Billiton executive Miklos (Mike) Salamon passed away earlier this month, according to an announcement on October 25 by GEM Diamonds of which he was independent non-executive director. He had been battling cancer for several years. “Mr Salamon had served on the coard since 2008 and made an invaluable contribution,” said GEM. “He will be greatly missed by all his colleagues on […]Read more
The world’s oldest gold trader is for sale after a massive money laundering scandal may have terminally crippled one of the most iconic names in the business. Canada’s Bank of Nova Scotia is exploring options for its gold business ScotiaMocatta, the Financial Times reported, which include a possible sale of Canada’s most popular precious metals trader. Scotiabank made a decision to sell ScotiaMocatta following a […]Read more
In an interview on CNBC on Oct. 11, economist Carl Weinberg told the business network that China is going to compel Saudi Arabia to sell them their oil in the Yuan currency, which will have a serious consequence to the dollar and the Petrodollar system.
Beijing is likely to “compel” Saudi Arabia to sell crude oil in yuan, and others will follow, according to the chief economist and managing director at High Frequency Economics Carl Weinberg. This will hit the US dollar, he says. In an interview with CNBC Weinberg said China has become a key player in the oil market since overtaking the US to become the world's largest importer. Saudi Arabia has “to pay attention to this because even as much as one or two years from now, Chinese demand will dwarf US demand,”Weinberg told the media.
“I believe that yuan pricing of oil is coming and as soon as the Saudis move to accept it — as the Chinese will compel them to do — then the rest of the oil market will move along with them,” he added. A..
Forensic psychiatrist Dr. Michael Welner is convinced that Las Vegas shooter Stephen Paddock believed that the people that he was shooting “deserve to die”. As I detailed the other day, the massacre in Las Vegas was an operation that was planned well in advance. Paddock (and anyone that was helping him) specifically chose a country music festival as the target, and it is probably safe […]Read more