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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (135300)	8/28/2017 6:07:36 PM
From: TobagoJack	Respond to of 217557

gold went up because i had unloaded my paper gold, and it shall go down w/i a few hours after i buy back. as am holding substantial metal and interest in metal, i shall abstain from buying back the paper markers this round we must watch the month-end closing of gold, according to m armstrong, and so i shall; something about turn signal. my range-trading of gold generated something like 8% on capital committed since start of year. 8% is good enough, but 12+% would of course be better. somehow physical gold rising is not as satisfying as would a paper position, because the physical is not for unloading, for that way is a slippery slope as well as an arduous task.

To: carranza2 who wrote (135300)	8/30/2017 7:07:05 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217557

am guessing that gold drops below 1300 w/i the coming week now that option expiration is out of the way, month-end happens tomorrow, and bis monthly statement would also be done with the boyz can take down gold from a higher level, to make more and more-sure profit on the way down shall look to buy back paper at 1220 +/- let's see

To: carranza2 who wrote (135300)	9/2/2017 9:54:01 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217557

hmmmnnn setting up for a disturbance in the force, possibly, perhaps, or maybe especially as china is the world's largest gold producer, and saudi arabia is the largest oil producer and supplemented by solar panel and drone sales going one way, and crude oil going the other, perhaps the gold <=> oil equation can be used as new benchmark, which of course would put a hiccup in the fiat money printing & no inflation officialdom-spin zerohedge.com De-Dollarization Accelerates: China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold Authored by Tsvetana Paraskova via OilPrice.com, The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review reports. The crude oil futures will be the first commodity contract in China open to foreign investment funds, trading houses, and oil firms. The circumvention of U.S. dollar trade could allow oil exporters such as Russia and Iran, for example, to bypass U.S. sanctions by trading in yuan, according to Nikkei Asian Review. To make the yuan-denominated contract more attractive, China plans the yuan to be fully convertible in gold on the Shanghai and Hong Kong exchanges. Last month, the Shanghai Futures Exchange and its subsidiary Shanghai International Energy Exchange, INE, successfully completed four tests in production environment for the crude oil futures, and the exchange continues with preparatory works for the listing of crude oil futures, aiming for the launch by the end of this year. “The rules of the global oil game may begin to change enormously,” Luke Gromen, founder of U.S.-based macroeconomic research company FFTT, told Nikkei Asia Review. The yuan-denominated futures contract has been in the works for years, and after several delays, it looks like it may be launched this year. Some potential foreign traders have been worried that the contract would be priced in yuan. But according to analysts who spoke to Nikkei Asian Review, backing the yuan-priced futures with gold would be appealing to oil exporters, especially to those that would rather avoid U.S. dollars in trade. “It is a mechanism which is likely to appeal to oil producers that prefer to avoid using dollars, and are not ready to accept that being paid in yuan for oil sales to China is a good idea either,” Alasdair Macleod, head of research at Goldmoney, told Nikkei.

To: carranza2 who wrote (135300)	9/2/2017 9:57:32 PM
From: TobagoJack	Respond to of 217557

what a trader friend had to say re the riyadh / beijing initiative Brilliant idea—-why would a Saudi sell his oil any other way. They always wanted payment in gold for their oil in the past and always converted the US price back into gold anyway. The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review reports. zerohedge.com The Oil Price of Gold When the price of oil is analyzed in terms of gold, instead of in terms of U.S. dollars, the 1970s look quite different. The U.S. dollar price of oil hardly changed from the end of World War II to the late 1960s: from 1947 to 1967, it rose by less than 2 percent annually on average (from $2.07 to $3.07 per barrel), not even keeping up with U.S. price inflation. Thus, given the Bretton Woods system, the oil/gold price was also nearly fixed. Throughout this entire period, through to the end of Bretton Woods in late 1971, 10–15 barrels of oil would buy an ounce of gold. As figure 1 indicates, the situation changed dramatically in the early 1970s. In 1970, slightly more than 10 barrels of oil would purchase an ounce of gold.8 By the next year, when the Bretton Woods agreement ended, with gold priced at $42 and oil fixed in terms of U.S. dollars at $3.56, oil sellers needed nearly 12 barrels of oil to buy an ounce of gold. This “real” oil price decline, and general worldwide inflation did not go unnoticed in the oil-producing countries. In 1971, OPEC built in a 2.5 percent annual inflation factor by which to adjust the nominal (U.S. dollar) price of oil.9 Yet, by mid-1973, nearly 34 barrels of oil were required to buy an ounce of gold. In little more than two years, the gold price of oil had fallen by more than 70 percent, and the oil price of gold had risen by almost 200 percent

To: carranza2 who wrote (135300)	9/2/2017 10:29:49 PM
From: TobagoJack	Read Replies (3) \| Respond to of 217557

some more pondering re the disturbance in the force by the looks of the pie chart of oil exporters to china, do not sense too many which would refuse payment in gold rmb china, at current prices, imports about 3,400 tons gold worth of crude oil per annum wondering what the net drain of gold would be, netting out two way trade of everything non-gold / non-oil, and china domestic / china-owned international gold production presumably the math folks worked it all out already asia.nikkei.com