Russia is wins. They are converting their highly priced dollars (US Treasuries) for low priced gold. 20 straight months of reducing their Treasury holdings while their gold holdings continue to grow.
Those that argue oil is Russia's largest income producer are correct. However, they forget that Russia has a very low national debt.
S&P's recent extreme downgrade of Russia's sovereign rating fails to consider that Russia conversion of those high priced dollars to the cheap gold only strengthens their future fiscal position when the dollar tanks and gold goes through the roof. Selling high and buying low at the same time will prove to be a brilliant move.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
<< <i>Russia is wins. They are converting their highly priced dollars (US Treasuries) for low priced gold. 20 straight months of reducing their Treasury holdings while their gold holdings continue to grow.
Those that argue oil is Russia's largest income producer are correct. However, they forget that Russia has a very low national debt.
S&P's recent extreme downgrade of Russia's sovereign rating fails to consider that Russia conversion of those high priced dollars to the cheap gold only strengthens their future fiscal position when the dollar tanks and gold goes through the roof. Selling high and buying low at the same time will prove to be a brilliant move. >>
Heh, unless "the West" then, once all of Russia's money is in gold, goes ahead and starts selling their gold reserves to manipulate the price downward and squeeze them that way for a while until, with oil and gold both down for the count (the market can stay "irrational far longer than they can stay solvent) they finally cry "uncle" and start to behave.
Now that gold and silver are down from their high prices, I get to say, "yeah, but at least I'm paying less for gas!!"
I paid $200 to get chains and a blade put on my yard tractor for the winter, and it's in the 40's & 50's - plus, we haven't had any snow since November. It's been worth it.
Q: Are You Printing Money? Bernanke: Not Literally
Losers will certainly include those who leveraged investments into the boomtowns which caused wages and prices for many things to increase locally, while supply of labor housing, and goods was strained, in the Dakotas and elsewhere due to the boom. Regression toward the mean always hurts those who bet heavily that trends will continue in one direction, and borrow to do it. >>
Back up to $59 today, the final trading day of April..
Comments
Those that argue oil is Russia's largest income producer are correct. However, they forget that Russia has a very low national debt.
S&P's recent extreme downgrade of Russia's sovereign rating fails to consider that Russia conversion of those high priced dollars to the cheap gold only strengthens their future fiscal position when the dollar tanks and gold goes through the roof. Selling high and buying low at the same time will prove to be a brilliant move.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
<< <i>Russia is wins. They are converting their highly priced dollars (US Treasuries) for low priced gold. 20 straight months of reducing their Treasury holdings while their gold holdings continue to grow.
Those that argue oil is Russia's largest income producer are correct. However, they forget that Russia has a very low national debt.
S&P's recent extreme downgrade of Russia's sovereign rating fails to consider that Russia conversion of those high priced dollars to the cheap gold only strengthens their future fiscal position when the dollar tanks and gold goes through the roof. Selling high and buying low at the same time will prove to be a brilliant move. >>
Heh, unless "the West" then, once all of Russia's money is in gold, goes ahead and starts selling their gold reserves to manipulate the price downward and squeeze them that way for a while until, with oil and gold both down for the count (the market can stay "irrational far longer than they can stay solvent) they finally cry "uncle" and start to behave.
Liberty: Parent of Science & Industry
<< <i>
<< <i><< $53 OIL..........who wins, who loses >>
Those who shorted oil at $53 are winners (at least at the moment). >>
True. Unlike the other markets, at least oil is openly manipulated by a handful of players. >>
Yeah like those damn feds.
I give away money. I collect money.
I don’t love money . I do love the Lord God.
I paid $200 to get chains and a blade put on my yard tractor for the winter, and it's in the 40's & 50's - plus, we haven't had any snow since November. It's been worth it.
I knew it would happen.
<< <i> $59 OIL..........who wins, who loses?
Well, consumers of oil win, that list is large.
Losers will certainly include those who leveraged investments into the boomtowns which caused wages and prices for many things to increase locally, while supply of labor housing, and goods was strained, in the Dakotas and elsewhere due to the boom. Regression toward the mean always hurts those who bet heavily that trends will continue in one direction, and borrow to do it. >>
Back up to $59 today, the final trading day of April..
Liberty: Parent of Science & Industry
Fundamental change in the oil sector
Knowledge is the enemy of fear
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
That makes it sounds like he sold someone out...wha haaapen?
<< <i>Hopefully in the witness protection program with a new name
That makes it sounds like he sold someone out...wha haaapen? >>
Go to the open forum I believe he is there
That makes it sounds like he sold someone out...wha haaapen?
Go to the open forum I believe he is there
What's an open forum?
<< <i>What's an open forum? >>
Ah, children.
Don't they teach History in schools anymore???
Here's a warning parable for coin collectors...
Google is your friend. Remember dot net.
They are in the dead pool for 2015 but you'll enjoy it for a month. Hold your nose real tight.
<< <i>Will barely make it to 60. >>
the world is awash in oil.. currently about 58, heading lower IMO, down below 50 again before finishing 2015 near 55
Liberty: Parent of Science & Industry
I probably fixed it for ya.
Knowledge is the enemy of fear
Knowledge is the enemy of fear
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
Knowledge is the enemy of fear
Liberty: Parent of Science & Industry
<< <i>You allowed yourself to be robbed. Gas throughout CA is in the mid $2 range. >>
San Diego didn't get the memo
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
<< <i>
<< <i>You allowed yourself to be robbed. Gas throughout CA is in the mid $2 range. >>
San Diego didn't get the memo >>
National average $2.77. San Diego average $4.22.
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
Liberty: Parent of Science & Industry