Discussing the CNY-Crude with Alasdair Macleod

74

With the yuan-denominated crude oil contract ready to begin trading on March 26, we thought we'd check in today with an expert on the significance of this, our pal Alasdair Macleod of GoldMoney.

For this call, I simply asked Alasdair to lay out the short-term and long-term significance of pricing crude oil in something other than U.S. dollars. This new contract not only disrupts the crude oil market, it also impacts gold, forex and geo-politics. So please be sure to listen to this entire podcast and then consider the future implications of this new CNY-Crude contract.

TF

  74 Comments

Harley
Mar 15, 2018 - 4:56pm

1st

Gold!

RickshawETF
Mar 15, 2018 - 5:09pm

Silver!

Silver!

Hey, my miners were all down today! What's up with that ?

Good thing I didn't panic, and jump into Bitcoin . . .

Just sayin'

RickshawETF
Mar 15, 2018 - 5:19pm

We've All Heard This Song Before . . .

From The Street.com:

" Sears will have a hard time surviving beyond holiday season 2018. Now, yours truly is on the record all over Google (watch this segment from 2014 here) as saying Sears wouldn't survive beyond 2017. I continue to be amazed by the financial wizardry Lampert and his revolving group of execs pull off. That said, the financial magic can't go on forever -- after a while a company like Sears just runs out tricks and things to monetize. The company's core business is now fully engulfed in the death spiral that I laid out in 2014, and with that comes a quicker pace of cash burn and even more concerned suppliers. We all have an idea what happens next."

Now substitute "gold suppression" for "Sears", and "Central Banks" for "Lampert and his revolving group of execs" and reread . . .

joeblack
Mar 15, 2018 - 5:25pm

what's the over/under

on how many times Craig checked the gold price on the golf course?

billhilly
Mar 15, 2018 - 5:30pm

joeblack...

...my guess is it will be directly in line with the number of golf balls he lost.

OOOBuck
Mar 15, 2018 - 5:30pm

Today was a 'nothing burger', but Cdn5 ate it anyhow.


WTI Crude clings to $61.20/bbl vicinity captured in the first few hours of trade, up about 0.75%

BTC held onto its range between 8K and 8.5K despite an onslaught by nay sayers and critics. Currently holding in $8250/coin vicintiy

Cdn5 moved down about .06% with leading loser Cronos Group (CRON) down 3.21%. As mentioned earlier in the update... CRON investors are reacting to a recent downgrade by some analysts. Best was Cannabis Wheaton, up 3.17% despite some cautioning news (see update).

Mar 15, 2018 - 5:41pm

Sorry @canary, had to delete

Sorry @canary, had to delete your 600+ repetitive comments from a couple of days ago... hope you don't mind.

Also won't be able to do this on the new site, as it disables the save button as soon as you click it once.

Marcus
Mar 15, 2018 - 5:51pm

Ides of March

March is typically a soft month for gold, so don't expect much in the way of an upward trajectory until it, and the FOMC meeting, is in the rear view mirror. Just my 2¢.

Ferd Torgerson
Mar 15, 2018 - 5:51pm

@admin

Why did you delete Canary's posts?

I still had over 300 left to read through.

Ferd

chrtoo
Mar 15, 2018 - 6:01pm

@admin

... and Hap Tip! ;O)

CHR.

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