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

  Refresh
Ronnie 666
Mar 15, 2018 - 7:00pm

Simple Mathematics

If the US has a debt of 21T$ and the Fed has 4.8T$ on its balance sheet why is the US Debt not $26T. I know it is all smoke and mirrors and the Fed is not the US but a private cartel blah blah blah... Total BS.

Angry Chef
Mar 15, 2018 - 6:27pm

Iran, Syria and Saudi Arabia: Top Three Stunning Admissions...

...From the Top U.S. General in the Middle East

Wow. The truth hurts. Old Lyndsey Graham is going to drown his sorrows in a huge batch of Shirley Temple's.

https://www.haaretz.com/middle-east-news/top-three-stunning-admissions-f...

RickshawETF
Mar 15, 2018 - 6:26pm

@canary

Not Firefox's fault -- it was a Russian hack. We (Turdville) are getting "hot" on our theories about what shit is coming down next, and the Russians are not quite where they need to be . . .

Misc: It looks like Don Jr. is going to end up paying beaucoup bucks in alimony and child support -- he should have stuck to hookers, like his old man . . . (Easy peasy, no financial squeezy!)

canary
Mar 15, 2018 - 6:25pm

@admin...Thank you.

I think it had something to do with the Firefox not functioning right on my computer...It happened very quickly. If I didn't close this site, the number would be higher.....Anyway, I blame Quantum Physics for that.

I also appreciate members being good sport and adding great humor to that...Thanks.

chrtoo
Mar 15, 2018 - 6:01pm

@admin

... and Hap Tip! ;O)

CHR.

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

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¢.

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.

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).

billhilly
Mar 15, 2018 - 5:30pm

joeblack...

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

Subscribe or login to read all comments.

Become member and subscribe to Turd's Vault

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 11/23

11/23 9:45 ET Markit flash PMIs
11/23 1:00 ET Goon Daly
11/23 3:00 ET Goon Evans
11/24 9:00 ET Case-Shiller home prices
11/24 10:00 ET Consumer Confidence
11/24 11:00 ET Goon Bullard
11/24 12:00 ET Goon Williams
11/24 12:45 ET Goon Chlamydia
11/25 8:30 ET Q3 GDP 2nd guess
11/25 8:30 ET Durable Goods
11/25 10:00 ET Personal Inc and Spend
11/25 10:00 ET Core inflation
11/26 US Market holiday

Key Economic Events Week of 11/16

11/16 2:00 pm ET Goon Chlamydia
11/17 8:30 ET Retail Sales
11/17 8:30 ET Import Price Index
11/17 9:15 ET Cap Ute and Ind Prod
11/17 10:00 ET Business Inventories
11/17 1:00 pm ET Chief Goon Powell
11/18 8:30 ET Housing Starts
11/18 1:20 pm ET Goon Bullard
11/19 8:30 ET Jobless claims
11/19 8:30 ET Philly Fed

Key Economic Events Week of 11/9

11/9 1:30 pm ET Goon Mester
11/10 7:30 am ET Goon Kaplan
11/10 10:00 ET JOLTS job openings
11/10 10:00 ET Goon Rosengren
11/11 Veteran's Day. Bond market closed.
11/12 8:30 ET CPI
11/12 11:45 ET Chief Goon Powell
11/12 2:00 pm ET Federal budget
11/13 7:00 ET Goon Williams
11/13 8:30 ET PPI
11/13 8:30 ET Goon Bullard
11/13 10:00 ET Consumer sentiment

Key Economic Events Week of 11/2

11/2 9:45 ET Markit Manu PMI
11/2 10:00 ET ISM Manu PMI
11/2 10:00 ET Construction Spending
11/3 U.S. Election Day
11/4 November FOMC begins
11/4 8:30 ET ADP jobs report
11/4 8:30 ET US Trade Deficit
11/4 9:45 ET Markit Services PMI
11/4 10:00 ET ISM Services PMI
11/5 8:30 ET Productivity & Unit Labor Costs
11/5 2:00 ET FOMC Fedlines
11/5 2:30 ET Chief Goon Powell presser
11/6 8:30 ET BLSBS
11/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/26

10/27 8:30 ET Durable Goods
10/27 10:00 ET Case-Shiller home prices
10/27 10:00 ET Consumer Confidence
10/27 10:00 ET Richmond Fed
10/28 8:30 ET Advance Trade in Goods
10/28 8:30 ET Wholesale Inventories
10/29 8:00 ET ECB monetary policy stmt
10/29 8:30 ET Q3 GDP first guess
10/30 8:30 ET Personal Income and Spending
10/30 8:30 ET Core Inflation
10/30 10:00 ET UMich Consmer Sentiment

Key Economic Events Week of 10/19

10/19 11:45 ET Goon Chlamydia
10/20 8:30 ET Housing Starts
10/20 1:00 pm ET Goon Evans
10/21 10:00 ET Goon Mester
10/21 2:00 pm ET Fed Beige Book
10/22 8:30 ET Initial Jobless Claims
10/23 9:45 ET Markit Oct flash PMIs

Key Economic Events Week of 10/12

10/13 8:30 ET CPI and Core CPI
10/14 8:30 ET PPI
10/14 9:00 ET Goon Chlamydia
10/15 8:30 ET Philly Fed
10/15 8:30 ET Empire State Idx
10/15 8:30 ET Import Price Idx
10/16 8:30 ET Retail Sales
10/16 9:15 ET Cap Ute & Ind Prod
10/16 10:00 ET Business Inv

Key Economic Events Week of 10/5

10/5 9:45 ET Markit Svc PMI
10/5 10:00 ET ISM Svc PMI
10/5 10:45 ET Goon Evans
10/6 8:30 ET Trade Deficit
10/6 10:00 ET JOLTS job openings
10/6 10:45 ET Chief Goon Powell
10/7 2:00 ET Sept FOMC minutes
10/7 3:00 ET Goon Williams
10/8 8:30 ET Initial jobless claims
10/9 10:00 ET Wholesale Inventories
10/9 12:10 ET Goon Rosengren

Key Economic Events Week of 9/28

9/29 8:30 ET Advance trade in goods
9/29 9:00 ET Case-Shiller home prices
9/29 10:00 ET Consumer Confidence
9/30 8:15 ET ADP employment report
9/30 9:45 ET Chicago PMI
10/1 8:30 ET Personal Income and Spending
10/1 8:30 ET Core Inflation
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/2 8:30 ET BLSBS
10/2 10:00 ET Factory Orders

Key Economic Events Week of 9/21

9/21 8:00 ET Goon Kaplan
9/21 10:00 ET Goon Evans
9/21 Noon ET Goon Brainard
9/21 6:00 pm ET Goon Williams & Goon Bostic
9/22 10:30 ET Chief Goon Powell on Capitol Hill
9/22 Noon ET Goon Barkin
9/22 3:00 pm ET Goon Bostic again
9/23 9:00 ET Goon Mester
9/23 9:45 ET Markit flash PMIs for September
9/23 10:00 ET Chief Goon Powell on Capitol Hill
9/23 11:00 ET Goon Evans again
9/23 Noon ET Goon Rosengren
9/24 1:00 pm ET Goon Bostic #3
9/24 2:00 pm ET Goon Quarles
9/24 10:00 ET Chief Goon Powell on Capitol Hill
9/24 Noon ET Goon Bullard
9/24 1:00 pm ET Goon Barkin again & Goon Evans #3
9/24 2:00 pm ET Goon Bostic #4
9/25 8:30 ET Durable Goods
9/25 11:00 ET Goon Evans #4
9/25 3:00 pm ET Goon Williams again

Forum Discussion

by matt_, 4 hours 51 min ago
by matt_, 5 hours 33 min ago
by silverseeker, Nov 25, 2020 - 11:19pm
by 11IMIX, Nov 25, 2020 - 7:50pm
by Turd Ferguson, Nov 25, 2020 - 6:04pm
by Trail Trekker, Nov 25, 2020 - 5:37pm
randomness