Snippet: COT Silver Report – March 23, 2018 Friday, March 23rd read more Source: silverseek.com
Snippet: “We’re in spitting distance of a new high here.” — Eric Sprott on the value of gold amid chaos (Weekly Wrap-up, March 23, 2018) Friday, March 23rd It’s been another crazy week, and Eric stops by to talk the latest Fed meeting and the ongoing drop in the stock market. Highlights of the session […]
Snippet: No doubt that the ten-year anniversary of the failure of the prominent investment bank, Bear Stearns, and its takeover by JPMorgan is cause for reflection. Bear Stearns was a force to be reckoned with and held a storied past on Wall Street and its fall was a seminal financial event. To that end, there […]
Snippet: COT Silver Report – February 23, 2018 Friday, February 23rd Silver COT Report: Futures read more Source: silverseek.com
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..
The acquisition of the Toughnut Project in British Columbia would provide strategic access to the Silver King Shear Zone adjacent to the explorer’s existing properties. Prize Mining Corp. (PRZ:TSX.V), a junior miner that holds the Kena-Daylight project in southeastern British Columbia, just announced that it has signed an option agreement to acquire a 100% interest […]
Although gold has a bigger reputation today as a monetary metal, it was often deemed too valuable for everyday transactions throughout history. For the most part, common people in places like Ancient Rome used silver to buy daily staples like grain or wine. As a result, silver has a strong reputation through monetary history as […]
by Chris Campbell, Laissez Faire Books: “The final weapon in the Fed’s arsenal,” Jim Rickards, author of The Road to Ruin: The Global Elites’ Secret Plan For the Next Financial Crisis, wrote this week, “is the financial equivalent of nuclear war.” The Fed’s “nuclear option,” Rickards warns, is… wait for it… gold. We bring this […]
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