EURUSD

Quoting LarryDarrell

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{quote} Well, what's not to like about that... . Until he ups the ante, that is... Moskow is just 1,600 km from here, about 1,000 miles.

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Quoting Ken A

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{quote} And Japanese Gov Bond yields are in negative territory - where the excess money is going to go .... Probably will see gold spike again .....

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Quoting gatorinla

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{quote} not that i would long gold around 1153/55. but it did reverse near a mid (1201.82) to 1225.13.. and going back to 1307 wouldn't be a surprise, before 930.xx the larger target

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Quoting gatorinla

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gold appears to be headed to sub 1000.... atm on oct 5 2014 its at 1143.52... if for some reason it rises, before 973.83.... look for weakness to s near 1287.50.... it may never happen, or take years ...1078.39 may be a s/r

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Quoting gatorinla

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{quote} norm posted... spike then drop,

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Quoting gatorinla

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{quote} not my problem

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Quote

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An economist who correctly predicted the fall in oil price this year has told CNBC that the U.S. government could look to bail out its energy sector in 2015 as the commodity’s low price starts hitting the country’s economy. “The U.S. energy sector is clearly important,” Steen Jakobsen, the chief economist at Danish investment bank Saxo Bank, told CNBC Wednesday. “They are paramount to the long-term strategic issue that the U.S. will be self-dependent on oil.”

[..]

Jakobsen believes the lower [US energy] could soon become a headwind despite gas becoming cheaper at the pump for U.S. citizens. “It will subtract 0.5% from GDP, bare minimum,” he said. “There’s a precedent here, back in the 80s we also had an oil crisis and that led to bank recoveries.”

He added that oil companies are in for a “massive correction,” similar to the downtrend seen in mining stocks, explaining that exploration was getting “hugely expensive” with energy majors having little free cash flow available. The S&P 500 index has clocked gains of around 11% so far this year but the energy sector within the benchmark is currently down nearly 12%.

One of Jakobsen’s “outrageous” predictions this time last year was for the commodity to drop below $80 per barrel which was achieved in November with oil now trading at around $65. BP sounded the alarm on Wednesday morning by saying that it is implementing a cost-cutting program due to the tumbling prices. Any potential bailout for the sector, or even the banks that lend to them, would prove vastly unpopular in the U.S.

Quoting Nexon

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{quote} It will be your problem {quote} Very soon. Oh, and just wait and see in june what will be happend with USA oil production. Not january, june. Also, ruble fall in line with oil fall-balance budget, higher inflation(around 10%). But they can slam ruble with $20 billion intervention to 40-45 range if they want that. That will not so smart. You forget something, Russia have over $400 billion only for fx interventions. They don't want to intervene. And something more, this is norwegian krone: {image} Similar to ruble? Of course Persian despots...

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Quoting gatorinla

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{quote} before u quote others. most of this has already been posted by yours truly years ago. the world needs a reset. 40 years of bs built many economies and the game changer will put many back in the stone age. what people have known for the past 40 years has changed. many civil wars to come

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Quoting Nexon

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{quote} It will be your problem {quote} Very soon. Oh, and just wait and see in june what will be happend with USA oil production. Not january, june. Also, ruble fall in line with oil fall-balance budget, higher inflation(around 10%). But they can slam ruble with $20 billion intervention to 40-45 range if they want that. That will not be so smart. You forget something, Russia have over $400 billion only for fx interventions. They don't want to intervene massively because they want lowe ruble for balanced budget and bigger export(out of oil/gas,...

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Quoting Nexon

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{quote} OK, good for your crystal ball. I want just said: this drop in oil, in mid to long term, will be worse for USA than Russia. Of course, USA administration know this and will try to put huge amount pressure on Russian in near term through financial attacks and propaganda to solve Ukraine in few next months. And don't forget., Russia can slam rubble down every moment if want that.

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Quoting Petr.K

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{image}

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Quoting gatorinla

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{quote} gold nov. 5

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Quoting cspip

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{quote} Might see it upto 1.2437.........

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Quoting gatorinla

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{quote} oil was 23 bucks not long ago.. they dont want deflation. 40$ may be the new 23$.. go back 40+ years and 4$ was norm..

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Quoting sisse

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{quote} Reached $16 late 90s and has served as a perfect benchmark for almost every single economic peak and valley cycle in the last century. Mid $40s / $50s is the real comparable price in todays price. Below $70 for extended time will put Venezuela, Russia and Nigeria under severe pressure and operating almost at lost (given the huge public dependency on oil). Below $60 for a long time will put almost all new shale in the US out of business and cancel any new exploration/extraction except for the super efficient cheap producer in the M. East....

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Quoting Nexon

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{quote} OK, good for your crystal ball. I want just said: this drop in oil, in mid to long term, will be worse for USA than Russia. Of course, USA administration know this and will try to put huge amount pressure on Russian in near term through financial attacks and propaganda to solve Ukraine in few next months. And that can profound effect on this pair. And don't forget., Russia can slam rubble down every moment if want that.

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