Commodity Trade Mantra

Posts Tagged ‘Russia’

TODAY Greece Decides: Europe... Or Russia

At precisely the same time as the FinMin is in Brussels discussing the fate of Greece in the Eurozone, the new Greek foreign minister will be in the Kremlin, getting instant updates from Brussels and perhaps discussing the fate of Greece in the Eurasian Economic Union. Put in the simplest of terms, today Greece will decide: Europe, or Russia.

Russia Buys Most Gold In Six Months, Continues Selling US Treasuries

The rumors of Russia selling its gold reserves, it is now clear, were greatly exaggerated as not only did Putin not sell, Russian gold reserves rose by their largest amount in six months in December to just over $46 billion. On the other hand, there is another trend that continues for the Russians – that of reducing their exposure to US Treasury debt.

Record Global Oil Demand: Even As Price Of Oil Declined

There are many opinions as to why the price of oil has fallen more than 50% in the past four months. There is this notion put forth by the media that a decline in global oil demand caused the huge drop in the price of oil. Ironically, according to the IEA, global oil demand is higher than ever. Let’s take a look at the situation.

The Biggest Economic Story Going Into 2015 Is Not Oil, But Emerging Markets

Emerging markets today are half the world economy. Much of what happened in global credit markets, especially in emerging markets, was based on cheap, easily available dollars, which has ended. It used to be said that when the US economy sneezes the rest of the world catches a cold. Now it seems all we need is a hiccup in emerging markets.

Russia Busts Gold Selling Rumors, Reports Buy Of 600K Ounces More

As if to deter further speculation that Russia is indeed converting hard money earned from real resources for fiat paper, the Russian monetary authority made it quite clear, that at least in November, Russia not only did not sell any gold, but in fact bought another 600K ounces. However Russia sold some $8 billion in US Treasury holdings in Oct.

Why Russia Will Halt the Ruble’s Slide and Keep Pumping Oil

Fall of the ruble has accompanied a precipitous decline in oil prices. Russia, a resource-based economy, is hurt by oil weakness. But oil is traded nearly everywhere in US dollars, which are presently enjoying considerable strength. Russia can sell their oil in dollars but pay their expenses in devalued rubles & make capital improvements.

Russian Bear—or Gold Bull?

Russia announced that it’s central bank bought about 150 tonnes of gold this year. Fact is that Russia has been buying gold for years. This trend has taken Russia’s gold holdings from around 400 tonnes 13 years ago to a fast approaching 1,200 tonnes at the end of 2014. A clear message: Russia prefers to hold gold more than the US dollar.

What America Does Not Understand About Russia & Oil

While successful this time around the Russian’s via Putin are more than able to cope with an oil rout for the near future. Already the devaluation of the Russian Rubble means that oil revenues will in fact be more in Rubles than last year since the devaluation is currently wider than the correction of the oil price itself.

Why Russia’s Unfazed by Falling Oil Prices

Oil is not quite as powerful a weapon against modern-day Russia as one might think. If Russia ramps up production to raise revenues, it will lead to a bigger fall in oil prices. And one of the primary victims will be US shale production. The slide in oil prices threatens American energy independence & emboldens rather than weakens Russia.

Will There Be Forced Official Sellers Of Gold?

Central bank gold buying in recent years has not helped the gold price one bit. A few nations may indeed be forced to sell some of their official gold reserves as a result of plunging oil prices. It seems however not likely at this juncture that Russia will be one of them. Moreover, the impact on the gold market should also be quite limited.

How Financial Warfare Could Bring America to Its Knees

A financial war is brewing right now with Russia. There’s a big difference, in imposing sanctions on Russia & confronting Iran. Russia might freeze U.S. assets in Russia, they could dump U.S. treasury bills, drive up U.S. interest rates, sink our housing markets & stock markets, which are sort of propped up by low rates, & do much more.

Everyone Loves a Discount—But Where’s the Support for Oil Prices?

Since June, crude oil has tumbled 30% to prices we haven’t seen in about three years. And if crude oil were to fall to $60 per barrel? An estimated 80 percent of U.S. companies that extract tight oil, or shale oil, through fracking would be shut down and all new supply would diminish quickly due to the rapid decline rate.

China to Obama: “Shut Up and Mind Your Own Business”

First Russia, and now China. The US is being firmly put in its place by the emerging superpowers in the world. First it was President Putin standing up to Obama over Syria in 2013. Then again in early 2014, Putin stood up to the US sanctions. Now China has sent a sharp official message to the US, warning it to stop meddling.

Preserve Your Wealth in the Face of Financial War

Investors may not be able to change this dangerous state of the world, but they are not helpless when it comes to preserving wealth. A modest allocation of investable assets to physical gold will help to preserve wealth in the face of financial war or unexpected catastrophic outcomes.

Russia Coordinating Gold Reserve Accumulation With Ex Soviet States?

Over last 6 months, Russia has increased its gold reserves by 54 tonnes & Kazakhstan has purchased 12 tonnes. Given close economic cooperation between Russia, Kazakhstan & Belarus, it is probable that they would be coordinating monetary policy, including a common approach to official gold reserves accumulation.

Will US succeed in Breaking Russia to maintain Dollar Hegemony?

We are witness to the greatest struggle of our age – the battle to maintain global dollar hegemony & with it US economic, military & political dominance of the entire planet & this struggle is now coming to a head. US debts are now at such levels that if the US dollar loses its reserve currency status, the US economy will implode.

Low Prices Are NOT The Reason To Own Gold And Silver

If you think the reasons for owning physical gold and silver are based on number of coin sales, ratio of paper demand per physical ounce, how many tonnes China, Russia, India, Turkey & others own is why you should hold either, think again. With the coming unavoidable events, if you do not have gold or silver, you got nothing.

Peak Gold? Russia To Surpass Australia As World No 2 Gold Producer

Decline in gold production in Australia has been blamed on royalties & falling price in recent years. Possibly Australia may have reached “peak gold.” China & Russia are the only 2 large producers to have seen significant gold production increases as sizable ore deposits that were left untapped during the Communist eras are mined today.

Palladium Reaches 13-Year High Over $900 oz as Gold Trading Volumes Surge 66%

Palladium, mostly used in catalytic converters in cars alongside platinum, has advanced 25% so far this year on concerns about Russian supplies & as supply was cut by a mine strike that ended in June in South Africa, the 2nd-biggest producer. Tension over Ukraine led to US & EU slapping sanctions on Russia, the top supplier.

Don't be Surprised if Silver is the Target

The BRICS have been preparing for “something” now for several years. Don’t be surprised if it turns out that silver is the “target” because it is the easiest target. The silver market is the smallest & probably the “most abused” market in the world. Its the most likely scenario in a financial attack which is now obviously just a matter of time.

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