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!)

ancient Egyptian...ex-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 5/3

5/3 9:45 ET Markit manu PMI
5/3 10:00 ET ISM manu PMI
5/3 10:00 ET Construction Spending
5/3 2:20 ET Chief Goon Powell
5/4 8:30 ET US Trade Deficit
5/4 8:30 ET Factory Orders
5/4 1:00 ET Goons Daly and Kashnkari
5/5 8:15 ET ADP jobs report
5/5 9:45 ET Markit service PMI
5/5 10:00 ET ISM service PMI
5/5 12:00 ET Goon Mester
5/6 8:30 ET Productivity and Labor Costs
5/6 10:00 ET Goon Kaplan
5/7 8:30 ET BLSBS

Recent Comments

by murphy, 6 min 22 sec ago
by JohnnyArrowmaker, 23 min 48 sec ago
by JohnnyArrowmaker, 1 hour 31 min ago
by JohnnyArrowmaker, 2 hours 41 min ago
by JohnnyArrowmaker, 2 hours 53 min ago

Forum Discussion

by AGXIIK, May 6, 2021 - 6:01pm
by UncleFester, May 6, 2021 - 3:40pm
by Green Lantern, May 6, 2021 - 8:12am
by Green Lantern, May 6, 2021 - 8:00am