Articles related to OPEC
 
Mike Hewitt - Dollar Daze
  America's Forgotten War Against the Central Banks
"Let me issue and control a nation's money supply, and I care not who makes its laws." (Mayer Amschel Rothschild, Founder of Rothschild Banking Dynasty) Many prominent Americans such as Benjamin Franklin, Thomas Jefferson, and Andrew Jackson have argued and fought against the central banking polices used throughout Europe. A note issued by a central bank, such as the Federal Reserve Note, is bank currency. These notes are given to the government in exchange for an interest-bearing g
Tuesday, January 5, 2021
Ronan Manly - Bullion Star
New Gold Pool at the BIS Basle, Switzerland: Part 1
“In the Governor’s absence I attended the meeting in Zijlstra’s room in the BIS on the afternoon of Monday, 10th December to continue discussions about a possible gold pool. Emminger, de la Geniere, de Strycker, Leutwiler, Larre and Pohl were present.”      13 December 1979 – Kit McMahon to Gordon Richardson, Bank of England Introduction A central bank Gold Pool which many people will be familiar with operated in the gold market between November 1961 and March 1968. That Gold Pool was known as t
Saturday, April 18, 2020
Keith Weiner - Monetary Metals
Standing Ready to Lease Gold
We will take another break from capital destruction, to treat a topic which has come up this week. On March 11, we said: “…central bankers do not think about gold. Granted, they once did. In the 1960’s, there was the now-infamous London Gold Pool to keep the price of gold at $35. This is endlessly cited as evidence of current central bank price suppression, without bothering to mention that until 1971 the official US policy was to maintain the dollar to gold exchange rate of $35 to the ounce. …
Tuesday, March 20, 2018
Przemyslaw Radomski CFA - SunshineProfits
Crude Oil – Who Wants the Triangle
On Thursday crude oil wavered between small gains and losses, but finished the day only 23 cents above Wednesday closing price. Such small daily changes that we observe recently don’t look too encouraging for oil bulls or for the bears. However, to dispel boredom, we rummaged deeper in the charts and we found something that may interest both sides of the market’s battle. Curious? Nevertheless, before we get to our little surprise, we would like to draw your attention to news from the IEA. Yester
Saturday, March 17, 2018
Bullion Vault
Silver Hit by Heaviest Bearish Betting in 15 Years, Gold Prices Unmoved by Italy's 'Messy' Election
GOLD PRICES held onto last week's closing level Monday morning in London as the weekend's national elections in Italy – the Eurozone's third largest economy – gave no clear winner overall, writes Steffen Grosshauser at BullionVault. Analysts and traders were further worried by US President Donald Trump's open declaration of a "trade war", with commodity prices slipping and major government bonds rising.
Tuesday, March 6, 2018
Peter McKenzie-Brown - Language Instinct
Barbecues, Booms and Blogs
Barbecues, Booms and Blogs Fifty Years of Public Relations in Calgary ISBN number: 978-1-55059-363-1 Copy for inside front cover: Public relations is "the management function which evaluates public attitudes, identifies the policies and procedures of an individual or organization with the public interest, and plans and executes a program of action to earn understanding and acceptance." Canadian Public Relations Society definition Title: Barbeques, Booms and BlogsSub
Sunday, March 4, 2018
Przemyslaw Radomski CFA - SunshineProfits
Crude Oil – It Smells Like… Profits
Although oil bulls pushed black gold higher after yesterday market’s open, their triumph was very short-lived. Looking at the daily chart, it even tempts to say that their rally took place on an empty tank. Why? Because thanks to yesterday’s decline oil bears not only made short positions more profitable, but also gained next pieces to their puzzle. Let's check them together in today's alert. Today's alert will start a little differently than usual, because we will take you on a small journey to
Friday, March 2, 2018
Przemyslaw Radomski CFA - SunshineProfits
Relationship Between Crude Oil and U.S. Dollar in February 2018
On Thursday, the price of black gold moved higher after the EIA weekly report showed an unexpected decline in crude oil inventories. Is this one bullish factor strong enough to push light crude higher in the following days? What did the buyers miss? Yesterday, the Energy Information Administration reported that crude oil inventories declined by 1.6 million barrels in the week ended Feb. 16, beating expectations for a gain of around 1.8 million barrels. This first in four weeks decline in crude o
Saturday, February 24, 2018
Alasdair Macleod - Finance and Eco.
When will the next credit crisis occur
The timing of any credit crisis is set by the rate at which the credit cycle progresses. People don’t think in terms of the credit cycle, wrongly believing it is a business cycle. The distinction is important, because a business cycle by its name suggests it emanates from business. In other words, the cycle of growth and recessions is due to instability in the private sector and this is generally believed by state planners and central bankers.This is untrue, because cycles of business activity h
Sunday, February 11, 2018
Richard Mills - Ahead of the Herd
Resurgent US oil industry priming the economic pump
Crude oil prices dropped from $110 a barrel in the summer of 2014 to about $30 in January 2016. The effect on oil producers and oil-producing countries was dramatic. The Russian ruble plunged, and the Canadian dollar slipped to below 70 cents US for the first time since 2003, kicking the country into recession and snuffing out the oil boom in Alberta. Many foreign companies operating in the high-cost Canadian oil sands pulled up stakes. One of the hardest hit countries was Venezuela, whose petr
Friday, January 26, 2018
Oilprice.com - oilprice.com
The World’s Most Expensive Oil
When asked about the most expensive oil grade out there, those working in the oil industry are caught blindsided because there’s no easy way to answer this question. The price of crude oil is determined by its physical characteristics (low-density, low-sulphur grade blends generally cost more, but there are several exceptions to this rule), classic supply-demand conditions, distance from main marketing outlets and trading hubs, potential risks and general market sentiment. To make matters even m
Wednesday, January 10, 2018
Oilprice.com - oilprice.com
What Drove WTI Above $60
WTI briefly broke above $60 per barrel on news that a pipeline in Libya exploded, knocking a sizable portion of supply offline. The oil pipeline carries crude oil to the Es Sider oil export terminal, Libya’s largest, raising fears of a dramatic supply outage. Early reports suggest that the explosion was the result of an attack by militants, although the precise cause was unclear. However, Libya’s National Oil Company said that the incident will curtail output by 70,000 to 100,000 bpd – not a tri
Friday, December 29, 2017
Oilprice.com - oilprice.com
The Billionaires Betting On Space Travel
The space race is on for some of the biggest names out there. Leading technology giants like Amazon.com, SpaceX, Microsoft, Virgin Group, Google, and Facebook are all getting in on the action. Amazon.com CEO Jeff Bezos, the world’s second richest man after Microsoft’s Bill Gates, is funding rocket company Blue Origin to the tune of $1 billion a year. Blue Origin has been putting together a rocket factory in Kent, Wash., for several years. The company also plans to launch its rockets from a NASA
Wednesday, December 13, 2017
Mish - Global Economic Analysis
Venezuela to Launch "Petro" Cryptocurrency
With Venezuela in default as well as hyperinflation, president Maduro vows to fight a US "blockade" with the "Petro".Reuters reports Venezuela to launch cryptocurrency to fight 'blockade': Maduro. President Nicolas Maduro said on Sunday that Venezuela will launch a cryptocurrency to combat what the leftist leader says is a financial “blockade” against the crisis-hit nation spurred by U.S. sanctions. Maduro said the OPEC member’s new currency, “petro,” will be backed by natural resources reserve
Monday, December 4, 2017
Rory Hall - Sprott Money
If You THINK About Taking Someone’s Golden “Pet Rock” It Would Be a “Declaration Of Financial War” - Rory Hall
Russia is not Venezuela. I have long argued that most of Venezuela’s monetary issues are due to their unwillingness to return the gold they received from the Federal Reserve. Goldman Sachs had offered to acquire Venezuela’s gold, when the oil market began it’s slide and OPEC decided to flood the market with oil. The story line was OPEC was attacking the US shale oil market when this move actually crushed Russia and Venezuela’s oil market. Venezuela, eventually, accepted Goldman’s offer
Friday, December 1, 2017
Bullion Vault
Gold Bullion Nears 4-Week Friday Low as 'No Way Currency' Bitcoin Rallies, Turkey-US Tensions Worsen
GOLD BULLION prices gave back a rally against the US Dollar on Friday to head for their lowest weekly close in four as European stock markets retreated, relations between Turkey and Nato ally the US worsened again, and Bitcoin rallied 6% below this week's new all-time record high. Falling back to $1273 per ounce at lunchtime in London, wholesale gold bullion bars began December 10% higher for 2017 to date against the Dollar, but was lower from N
Friday, December 1, 2017
Jan Skoyles - GoldCore
Own Gold Bullion To “Support National Security” – Russian Central Bank
– We own gold bullion to “support national security” – Russian Central Bank – Russia warns Washington: Confiscating fx reserves would be “declaration of financial war” – Russia has quadrupled its gold bullion reserves in decade – BRICs discussing ‘the possibility of establishing a single (system of) gold trade’ – Russia, China & maybe Saudi Arabia form alliances to unseat petrodollar – Putin warns state-owned and private companies: be ready for rapid transition to war-time operations – Russia, C
Wednesday, November 29, 2017
Deepcaster
Profit, Protection, Despite Cartel Interventions—November 2017 Update
Governments love [the war on cash]. Then they can control you...we are not going to have as many freedoms as we have now ...get prepared because we're going to have the worst economic problems we've had in your lifetime or my lifetime and when that happens a lot of people are going to disappear.“…the next time aro
Wednesday, November 1, 2017
Chris Powell - GATA
Venezuela fails to reclaim the gold it pawned to Deutsche Bank
* * * Venezuela Allows $1.7 Billion Gold Swap with Deutsche Bank to Lapse, Legislator Says By Corina Pons Reuters Monday, October 22, 2017 CARACAS -- Venezuela this month allowed a $1.7 billion gold swap with Germany's Deutsche Bank to lapse, according to an opposition legislator who said it weakens the balance sheet of the crisis-stricken OPEC nation's central bank. Through the operation, Venezuela had received $1.2 billion in cash in exchange for putting up $1.7 billion worth of gold in guara
Tuesday, October 24, 2017
Przemyslaw Radomski CFA - SunshineProfits
Will Crude Oil Drop under $50 in Coming Week
Although the price of black gold increased a bit on Friday, the commodity closed the whole week below important resistance lines and invalidated earlier breakouts. What does it mean for crude oil? Crude Oil’s Technical Picture Let’s take a closer look at the charts below and find out (charts courtesy of http://stockcharts.com). On Friday, we wrote the following: The first thing that catches the eye on the medium-term chart is an invalidation of the breakout above the long-term green resistanc
Friday, October 6, 2017
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