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

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joeblack
Mar 15, 2018 - 5:25pm

what's the over/under

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

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 . . .

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'

Harley
Mar 15, 2018 - 4:56pm

1st

Gold!

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