FRIDAY INTEL UPDATE!!!
Posted by EXOGEN on November 28, 2014 at 9:45am
November 28, 2014 at 10:04am
We're next in line. It's time for us to get a piece of the cheese.
November 28, 2014 at 10:10am
Well it's finally your turn in line.
We are next.
Watch the Swiss vote on Sunday...gold will certainly be affected one way or another.
okdad > Vinman:
Do we wait for the vote or could the RV happen before?
Vinman > okdad:
It could happen anytime.
You will know about Swiss vote around Sunday morning.
Here comes the BOOOOOOOOM!!! Get Ready....The door is opening. Watch the Swiss, they will be leading the way for the GCR and Asset backed Currencies..... Lets hope the Cabal doesn't rig the vote..... or the people who vote, decide to jump off more buildings, play with nail guns, needles, or drown in the bath tub!!!!
LETS GET THIS DONE.....WE ARE ON
One way or another, the weekend Swiss vote is going to affect gold.
MADRID (MarketWatch) — Gold prices took a dive on Friday as the market geared up for what could be the metal’s own OPEC moment — when Switzerland will vote on whether its central bank should hold more gold and bring back its other gold reserves held in places like Canada and the U.K.
All commodities were getting hammered Friday, with crude oil prices plunging to levels not seen since May 2010 after OPEC decided to leave its production levels unchanged.
December gold GCZ4, -1.51% fell $14.70, or 1.2%, to $1,181.90 an ounce, while silver SIZ4, -4.58% slid 58 cents, or 3.5%, to $16.04 an ounce. U.S. markets took a holiday on Thursday, and trading will close early on Friday in at the Chicago Mercantile Exchange.
The result of the Swiss vote is expected at 1 p.m. local time on Sunday (7 a.m. Eastern). Latest polls show support is fading for that “Save our Swiss Gold” campaign. If the ‘Yes’ camp wins, gold will see an initial jump in prices, said Kathleen Brooks, research director at FOREX.com.
OPEC deal hammers currencies, stocks
The tumbling price of oil hammered commodity-dependent currencies as well as shares in oil and gas companies, a day after OPEC kept its output target. Charles Forelle reports.
Under such a vote, the Swiss National Bank would need to accummulate 1,500 tonnes of gold over five years. But she said look for any initial gold upside to fade in coming days, as it’s not clear how the SNB would increase its gold holdings. The central bank could spread its gold buying over a long time frame or use swaps or derivatives, making it that much harder to see a “footprint” in the market.
And even though a ‘No’ vote is expected, Brooks said gold will likely see a sharp move lower on Sunday night, though she said that move will also be short-lived and a mild trend higher for gold prices will continue.
Nothing but shiny Bitcoin:
Creating stir with a fresh view on gold, Citi’s global chief economist Willem Buiter said in a note from Nov. 26 that the Swiss vote is ridiculous and no self-respecting central bank should be putting a large chunk in a single commodity ever.
“Gold has become a fiat commodity or a fiat commodity currency, just as the U.S. dollar, the euro, the pound sterling and the yen…are fiat paper currencies and as Bitcoin is a flat virtual currency,” said Buiter. “The main differences between them are that gold, like Bitcoin, is very costly to produce, while the production of additional paper money has an extremely low marginal cost.
Buiter also said he views gold as a “6,000-year old bubble,” Buiter noted.
“Its value may go from $1,200 per fine ounce to $1,500 or $5,000 for all I know. Investing a vast amount of money in something whose value is based on nothing more than a set of self -confirming beliefs will make for an exciting ride,” he said.
In other metals trading on Wednesday, January platinum PLF5, -1.77% fell $12, or 1%, to $1,216.40 an ounce, while December palladium PAZ4, +1.50% rose $3.90, or 0.5%, to $805.50 an ounce. High-grade copper for December delivery HGZ4, -3.36% dropped 1.5%, or $4, to $2.92 a pound.
November 28, 2014 at 10:10am
11-28-2014 Millionday: LET ME SUMMARIZE...THEY HAVE SIGNED A TEMPORARY HCL AGREEMENT TO COVER THE FUNDING SIDE OF THINGS --
THEY HAVE THE SMART CARDS READY -- THE BANKING REFORM LEGISLATION WILL BE VOTED ON SATURDAY... –
THE UNITED NATIONS ANNOUNCED THIS WEEK THAT THE IRAQI REFORMS HAVE BEGUN AND CBI HAS MADE IT VERY CLEAR THEY ARE DONE AND READY –
THE LAWS THEY ARE VOTING THROUGH DO NOT MATCH OR ARE NOT USEFUL WITH THE CURRENT IMPOSED RATE –
THE MANY COUNTRIES THAT HAVE SHOWN UP TO JOIN THE ECONOMIC MEETING THIS WEEKEND ARE SIGNING AGREEMENTS AND CONTRACTS.
THEY HAVE ALSO CALLED FOR THE COUNTRY INCLUDING THE AIRPORT (WHERE THEY HAVE A MONEY EXCHANGE BUSINESS) TO ONLY USE THE IRAQI DINAR –
THEY HAVE COMPLETED THE AGREEMENTS FOR RESOLVE WITH KUWAIT AND MANY OTHER COUNTRIES FROM THE MISTAKES OF THE PAST GOI.
THEY HAVE A UNIFIED GOV AND ARE ANNOUNCING THAT THEY ARE REFORMING THE COUNTRY IN ALL ASPECTS PLANNED BEGINNING WITH THE ECONOMIC SIDE OF THINGS.
WE HAVE THE BEST NEWS WE HAVE EVER HAD.
THINGS ARE GETTING EXCITING: