Commodity Trade Mantra

Posts Tagged ‘Economic Sanctions’

$20 Oil Looms As Iran-Nuclear Deal Nears Deadline

Iran is a sleeping oil giant holding 9% of the world’s proven oil reserves & with an estimated 2m barrels per day of excess supply already sloshing around international markets, any increase in Iranian output could easily trigger a further rout in oil prices. OPEC may clamp down on this in June, but by then oil may already be selling for $20.

The Safest Investments in a Dangerous World Market

You need both the wood & the spark to have the fire of inflation. US Fed & other central banks have printed trillions of dollars of money in the past four years. So far, inflation has been relatively tame. The printed money is only the wood; a spark is still required. Events in the Middle East, Ukraine and China today may provide the spark.

Russia Is Actually Abandoning The U.S. Dollar

Gazprom is not the only big company in Russia that is moving away from the U.S. dollar. Russia will start settling more contracts in Asian currencies, in order to lessen its dependence on the dollar market. Russia abandoning the dollar will hurt, but if other nations start following suit that could eventually cause a financial avalanche.

How Gold Helped Iran Avoid Defeat by the U.S.

Gold became Iran’s lifeline when the U.S. had inflicted a currency collapse, hyperinflation, a bank run and had caused a scarcity of food, gasoline and consumer goods, through the expedient of cutting Iran out of the global payments system. And so U.S. began stepping up enforcement of a ban on gold sales to Iran.

Russia On The Verge Of Dealing A Massive Blow To The Petrodollar

Is the petrodollar monopoly about to be shattered? If Russia starts asking for payment in currencies other than the US dollar, that will essentially end the monopoly of the petrodollar. Russia will need trading partners willing to go along. Iran & China are two nations that would potentially be willing to make the switch…

Goldman's Blinkered View on Gold could be so Wrong

Goldman Sachs’ Jeffrey Currie has reiterated his view that gold will fall to $1050 by the end of the year but is he totally ignoring some of the likely key drivers ahead? While Currie is obviously entitled to his viewpoint we are not sure that stating these views in such aggressive terms is wise.

With prospects that Russia may cut natural gas supplies to Ukraine & western Europe in retaliation for Kiev’s Feb revolution, America’s shale gas boom is taking on fresh geopolitical significance. Exports of natural gas to Europe could weaken or eliminate Kremlin’s leverage over Ukraine & Europe.

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