TNT:
NetGlobal: My gut feeling is that the RV will come on a Friday after Forex has closed for the weekend
Mangelo: Don't quote me, but I thought they said if they wanted the weekend launch it was better started on a Thursday so it would work out better.....
Porta1: Food for thought…. Since the PTB have stopped or made the reserve business unattractive for sellers. I believe they have reduced the amount of Dinar by limiting folks to only physical Dinar which is much less than with reserves. Keep the faith.
Martha: I think, according to what we have seen that the RI /RV did happen on 8/1 and now the final items are lined up-we have actually gotten a "clue" each day with certain things being in place
....
NetGlobal: My gut feeling is that the RV will come on a Friday after Forex has closed for the weekend
Mangelo: Don't quote me, but I thought they said if they wanted the weekend launch it was better started on a Thursday so it would work out better.....
Porta1: Food for thought…. Since the PTB have stopped or made the reserve business unattractive for sellers. I believe they have reduced the amount of Dinar by limiting folks to only physical Dinar which is much less than with reserves. Keep the faith.
Martha: I think, according to what we have seen that the RI /RV did happen on 8/1 and now the final items are lined up-we have actually gotten a "clue" each day with certain things being in place
....
********************************
KTFA:
walkongstick :Ten gold bars found in toilet on Dubai flight
By Staff Writer Thursday, 6 August 2015 4:40 PM
Ten bars of gold weighing 1kg was found in the toilet of an Air India flight from Dubai on Monday, it was reported.
Indian customs officials seized the precious metal at the Goa international airport when the plane made a brief stopover enroute Bengaluru, according to the XPRESS newspaper.
None of the passengers or crew on the aircraft claimed ownership of the gold when questioned by police.
http://ift.tt/1W4izjy
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Thunderhawk: » August 6th, 2015, Backdoc Alert
The Dollar Will Gain Against an Alpha-Bit Cereal of EM Currencies
Consider dollar strength but not in isolation
Emerging market currencies remain under selling pressure as Fed liftoff comes back into focus. Between that and lower commodity prices, EM will have trouble finding much traction and so we remain bearish.
USD-ZAR and USD-MYR are making new cycle highs today, and we expect USD-BRL, USD-CLP, and USD-COP to do likewise when Latin American markets open.
—Marc Chandler, global head of currency strategy, Brown Brothers Harriman
Marshmallow Alpha-Bits, introduced in 1990, contained frosted alphabet-shaped corn cereal bits and marshmallows. This variation of the original Alpha-Bits cereal contained marshmallow vowels: pink A's, yellow E's, purple I's, orange O's, green U's, and, later, blue Y's.
Over time, the marshmallows underwent changes such as super-swirls and splits in their colors. As of 2011, Marshmallow Alpha-Bits have been discontinued.
The alphabet soup known as the foreign exchange market is dollar-, euro-, and yen-centric. There is a lot more going on than a three-nation fixation, and Marc Chandler, above, nails the idea that every currency pair is about the dollar and something else.
The something else really matters, and the sum of something elses is an often-ignored reality: Don't just follow the U.S. dollar.
So let's look at "the dollar."
KTFA:
walkongstick :Ten gold bars found in toilet on Dubai flight
By Staff Writer Thursday, 6 August 2015 4:40 PM
Ten bars of gold weighing 1kg was found in the toilet of an Air India flight from Dubai on Monday, it was reported.
Indian customs officials seized the precious metal at the Goa international airport when the plane made a brief stopover enroute Bengaluru, according to the XPRESS newspaper.
None of the passengers or crew on the aircraft claimed ownership of the gold when questioned by police.
http://ift.tt/1W4izjy
************
Thunderhawk: » August 6th, 2015, Backdoc Alert
The Dollar Will Gain Against an Alpha-Bit Cereal of EM Currencies
Consider dollar strength but not in isolation
Emerging market currencies remain under selling pressure as Fed liftoff comes back into focus. Between that and lower commodity prices, EM will have trouble finding much traction and so we remain bearish.
USD-ZAR and USD-MYR are making new cycle highs today, and we expect USD-BRL, USD-CLP, and USD-COP to do likewise when Latin American markets open.
—Marc Chandler, global head of currency strategy, Brown Brothers Harriman
Marshmallow Alpha-Bits, introduced in 1990, contained frosted alphabet-shaped corn cereal bits and marshmallows. This variation of the original Alpha-Bits cereal contained marshmallow vowels: pink A's, yellow E's, purple I's, orange O's, green U's, and, later, blue Y's.
Over time, the marshmallows underwent changes such as super-swirls and splits in their colors. As of 2011, Marshmallow Alpha-Bits have been discontinued.
The alphabet soup known as the foreign exchange market is dollar-, euro-, and yen-centric. There is a lot more going on than a three-nation fixation, and Marc Chandler, above, nails the idea that every currency pair is about the dollar and something else.
The something else really matters, and the sum of something elses is an often-ignored reality: Don't just follow the U.S. dollar.
So let's look at "the dollar."
Here is the U.S. dollar as a weighted measure against an alpha-bits cereal of trading partners, including China. The red multi-decade trend line signals structural dollar weakness.
The series is logarithmic, which allows a percentage-change analysis across time. I do that with a yellow arrow that shows the strengthening of the dollar in the late 1990s. I then copy and shift the yellow arrow to the right to ask the question: How does recent dollar strength compare with the 1995-2002 period?
The answer is that the dollar has advanced about 18 percent (the blue circle) while the vintage dollar advanced about 33 percent. Judging by the yellow line, the dollar still has a long way to go.
The trap that FX amateurs fall into is to focus unduly on EUR, JPY, and USD. Marc Chandler pulls into his study BRL, CLP, COP, MYR, and ZAR. They signal that the rich, uncountable set of global currency pairs and cross-rates are as important as an analysis of the major three. Emerging markets are fragile, oil is south, and the dollar appears north. With commodities imploding, it is time to focus on PHP, THB, PLN, and the other pink-and-yellow marshmallows in the FX Alpha-Bits cereal.
Discuss with various marshmallow vowels.
http://ift.tt/1OSOo9y
************
Thunderhawk » August 6th, 2015, Backdoc Alert
Gold's Everlasting Shine: Is Fall in Gold Price a Sign of Inevitable Doom?
A recent sharp fall in gold prices has prompted fears that the precious metal's everlasting shine has begun to fade; so, is the slump a sign of the golden market's inevitable doom?
According to Anthony Fensom, an Australia-based freelance writer and expert in financial industries, the yellow metal's status as a safe haven has been shaken by the drop in the price of gold to five-year lows.
"Gold 'bugs' are being squashed in the price rout, with gold recently plunging to a low of US$1,072.30 an ounce, its lowest level since February 2010. The sell-off compares to its August 2011 high above US$1,900, when analysts were tipping it would climb to US$3,000 by early 2014 on the back of the US Federal Reserve's record quantitative easing," Fensom pointed out.
The expert underscored that since the global mine supply has risen dramatically from 2,845 tons in 2011 to 3,129 tons last year, an estimated oversupply has obviously contributed to the current slump.
Meanwhile a number of leading Western financial institutions have predicted a further decline in gold prices. For instance, Goldman Sachs reported of a probable drop below $1,000 per ounce this year. ABN Amro stated that the price may slide to $800 by 2016, while Deutsche Bank expressed its confidence that gold will plummet to $750 a troy ounce.
"The gold gloom has seen investors rush for the exits, selling gold-backed funds at the fastest rate in four months," the expert explained.
"The plunging price has also hit miners hard, making an estimated 10 percent of all production uneconomic and putting the profits of one third of producers under threat," Fensom remarked, adding that almost three quarters of producing miners are at risk of facing significant financial losses.
However, while some Western financiers like billionaire Warren Buffett regard gold as an "unproductive asset," Chinese and Indian investors continue to buy the precious metal. By the way, the current decline in the price of gold plays right into their hands. Together, these countries account for almost half of global demand.
Amid the dire prognoses, the ANZ Research report "East to El Dorado: Asia and the Future of Gold" states that the gold price may rise as high as $2,000 a troy ounce by 2025.
"This is our central case for the gold price. While the near-term could see prices trade only marginally higher over the next few years, we believe the combined effect of greater demand from investors and central banks will see gold prices rise materially over the long-term," the report reads.
ANZ elaborated that the rise of emerging economies like China and India will facilitate the demand for gold investments. At the same time central banks continue to replenish their vaults with golden ingots.
Gold is still considered as both an investment and a defensive asset. It is "a store of wealth in unstable times, and while the global financial system has successfully weathered a major storm in the past decade, the future is far from certain," according to ANZ's analysts.
Thus far, "Buffett might hate it, but in the long run, the gold bugs might still have reasons to smile," Fensom emphasized.
http://ift.tt/1IfV6lX
The series is logarithmic, which allows a percentage-change analysis across time. I do that with a yellow arrow that shows the strengthening of the dollar in the late 1990s. I then copy and shift the yellow arrow to the right to ask the question: How does recent dollar strength compare with the 1995-2002 period?
The answer is that the dollar has advanced about 18 percent (the blue circle) while the vintage dollar advanced about 33 percent. Judging by the yellow line, the dollar still has a long way to go.
The trap that FX amateurs fall into is to focus unduly on EUR, JPY, and USD. Marc Chandler pulls into his study BRL, CLP, COP, MYR, and ZAR. They signal that the rich, uncountable set of global currency pairs and cross-rates are as important as an analysis of the major three. Emerging markets are fragile, oil is south, and the dollar appears north. With commodities imploding, it is time to focus on PHP, THB, PLN, and the other pink-and-yellow marshmallows in the FX Alpha-Bits cereal.
Discuss with various marshmallow vowels.
http://ift.tt/1OSOo9y
************
Thunderhawk » August 6th, 2015, Backdoc Alert
Gold's Everlasting Shine: Is Fall in Gold Price a Sign of Inevitable Doom?
A recent sharp fall in gold prices has prompted fears that the precious metal's everlasting shine has begun to fade; so, is the slump a sign of the golden market's inevitable doom?
According to Anthony Fensom, an Australia-based freelance writer and expert in financial industries, the yellow metal's status as a safe haven has been shaken by the drop in the price of gold to five-year lows.
"Gold 'bugs' are being squashed in the price rout, with gold recently plunging to a low of US$1,072.30 an ounce, its lowest level since February 2010. The sell-off compares to its August 2011 high above US$1,900, when analysts were tipping it would climb to US$3,000 by early 2014 on the back of the US Federal Reserve's record quantitative easing," Fensom pointed out.
The expert underscored that since the global mine supply has risen dramatically from 2,845 tons in 2011 to 3,129 tons last year, an estimated oversupply has obviously contributed to the current slump.
Meanwhile a number of leading Western financial institutions have predicted a further decline in gold prices. For instance, Goldman Sachs reported of a probable drop below $1,000 per ounce this year. ABN Amro stated that the price may slide to $800 by 2016, while Deutsche Bank expressed its confidence that gold will plummet to $750 a troy ounce.
"The gold gloom has seen investors rush for the exits, selling gold-backed funds at the fastest rate in four months," the expert explained.
"The plunging price has also hit miners hard, making an estimated 10 percent of all production uneconomic and putting the profits of one third of producers under threat," Fensom remarked, adding that almost three quarters of producing miners are at risk of facing significant financial losses.
However, while some Western financiers like billionaire Warren Buffett regard gold as an "unproductive asset," Chinese and Indian investors continue to buy the precious metal. By the way, the current decline in the price of gold plays right into their hands. Together, these countries account for almost half of global demand.
Amid the dire prognoses, the ANZ Research report "East to El Dorado: Asia and the Future of Gold" states that the gold price may rise as high as $2,000 a troy ounce by 2025.
"This is our central case for the gold price. While the near-term could see prices trade only marginally higher over the next few years, we believe the combined effect of greater demand from investors and central banks will see gold prices rise materially over the long-term," the report reads.
ANZ elaborated that the rise of emerging economies like China and India will facilitate the demand for gold investments. At the same time central banks continue to replenish their vaults with golden ingots.
Gold is still considered as both an investment and a defensive asset. It is "a store of wealth in unstable times, and while the global financial system has successfully weathered a major storm in the past decade, the future is far from certain," according to ANZ's analysts.
Thus far, "Buffett might hate it, but in the long run, the gold bugs might still have reasons to smile," Fensom emphasized.
http://ift.tt/1IfV6lX
DLR: » All our dreams can come true if we have the courage to pursue them."-Walt Disney
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JDTolle » August 6th, 2015, Perspectives of others
If you fail to consider the perspectives of others, you’re cheating yourself. True understanding brings great value to everyone involved.
You cannot know everything about how it feels to be someone else. However, you can make a great deal of progress in that direction.
Always remember that each other person you encounter has a whole different life history than you. Instead of making assumptions, ask questions and offer respectful explanations.
Good communication will often make the difference between success and failure. Good communication requires understanding and empathy.
You have a valuable perspective, but it’s certainly not the only one. Life’s richness comes from its diversity, and you can add real richness to your own life by acknowledging and embracing that diversity.
Seek to relate with people on their terms. The relationships you forge will be rewarding indeed.
Ralph Marston Wishing All a safe and blessed day JDT
P.S. Never apologize for showing feeling. When you do so, you apologize for the truth.
-- Benjamin Disraeli
************
ChaCha: » August 6th, 2015, Subject: Frogs
A group of frogs were traveling through the woods and two of them fell into a deep pit.
When the other frogs saw how deep the pit was, they told the two frogs that they were as good as dead.
The two frogs ignored the comments and tried to jump up out of the pit with all their might.
The other frogs kept telling them to stop, that they were as good as dead.
Finally, one of the frogs took heed to what the other frogs were saying and gave up.
He fell down and died.
The other frog jumped even harder and finally made it out.
When he got out, the other frogs said, "Did you not hear us?"
The frog explained to them that he was deaf. He thought they were encouraging him the entire time.
This story teaches two lessons:
1. There is power of life and death in the tongue. An encouraging word to someone who is down can lift them up and inspire them for a long time to come.
2. A destructive word to someone who is down can be what it takes to kill them.
Be careful of what you say. Speak life to those who cross your path and be prepared to receive that same blessing yourself! ~ Author Unknown
**********
JDTolle » August 6th, 2015, Perspectives of others
If you fail to consider the perspectives of others, you’re cheating yourself. True understanding brings great value to everyone involved.
You cannot know everything about how it feels to be someone else. However, you can make a great deal of progress in that direction.
Always remember that each other person you encounter has a whole different life history than you. Instead of making assumptions, ask questions and offer respectful explanations.
Good communication will often make the difference between success and failure. Good communication requires understanding and empathy.
You have a valuable perspective, but it’s certainly not the only one. Life’s richness comes from its diversity, and you can add real richness to your own life by acknowledging and embracing that diversity.
Seek to relate with people on their terms. The relationships you forge will be rewarding indeed.
Ralph Marston Wishing All a safe and blessed day JDT
P.S. Never apologize for showing feeling. When you do so, you apologize for the truth.
-- Benjamin Disraeli
************
ChaCha: » August 6th, 2015, Subject: Frogs
A group of frogs were traveling through the woods and two of them fell into a deep pit.
When the other frogs saw how deep the pit was, they told the two frogs that they were as good as dead.
The two frogs ignored the comments and tried to jump up out of the pit with all their might.
The other frogs kept telling them to stop, that they were as good as dead.
Finally, one of the frogs took heed to what the other frogs were saying and gave up.
He fell down and died.
The other frog jumped even harder and finally made it out.
When he got out, the other frogs said, "Did you not hear us?"
The frog explained to them that he was deaf. He thought they were encouraging him the entire time.
This story teaches two lessons:
1. There is power of life and death in the tongue. An encouraging word to someone who is down can lift them up and inspire them for a long time to come.
2. A destructive word to someone who is down can be what it takes to kill them.
Be careful of what you say. Speak life to those who cross your path and be prepared to receive that same blessing yourself! ~ Author Unknown
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