EXOGEN March 26, 2015 at 8:35pm THE 2 BIGGEST POSTS IN THE HISTORY OF THIS ENTIRE INVESTMENT WERE JUST POSTED AND THEY ARE NOT IRAQ RELATED!!! (See Below)
THE GLOBAL TRANSPARENCY AND ACCOUNTABILITY MISSILE IS COMING IN FAST!!!!!!!!!
SLH 1812 March 26, 2015 at 7:50pm On Bloomberg’s ticker just now (during Charlie Rose, which is muted LOL)…
“Global currency trading principles said to be ready for release.”
I HOPE that actually means something!! ;-)
Gonna Retire: SLH 1812 http://www.bloomberg.com/news/articles/2015-03-26/global-currency-trading-principles-said-to-be-ready-for-release
Mainly to do with Forex trading, but it may be relevant.
EXOGEN March 26, 2015 at 8:19pm “(Bloomberg) — Central banks in the world’s biggest currency markets will publish on Monday principles of behavior and ethics for foreign-exchange trading, according to a person familiar with the document.“
Global Currency Trading Principles Said to Be Ready for Release
(Bloomberg) — Central banks in the world’s biggest currency markets will publish on Monday principles of behavior and ethics for foreign-exchange trading, according to a person familiar with the document.
The “Global Preamble: Codes of Best Market Practice and Shared Global Principles,” inspired by a Financial Stability Board proposal in September, was ratified after consultations in eight markets around the world, according to the person, who asked not to be identified because the talks are private.
The global move to improve standards of behavior is part of an overhaul after allegations traders colluded to rig rates in the $5.3 trillion-a-day currency market. The list of principles was the first item for discussion at the annual global meeting of foreign-exchange committees that was hosted by the Bank of Japan on Monday, according to an agenda posted on the Federal Reserve Bank of New York’s website.
The delivery of the principles is on schedule after a consultation period that was slated to end this month. The proposal was circulated to local foreign-exchange market committees managed by central banks in Australia, Canada, Hong Kong, Britain, New York, Singapore, Tokyo and by the European Central Bank, which have backed the preamble, the person said.
In London, the world’s biggest currency market, the Bank of England’s Foreign Exchange Joint Standing Committee was presented the principles at a meeting on March 18 by the BOE’s Head of Foreign Exchange Michael Cross.
The FSB’s recommendations include requirements for systems and controls to develop and promote ethical behavior, and codes of conduct. In its Sept. 30 report, regulators had supported extending the width of the trading window used to calculate foreign exchange rates to five minutes from the one-minute windows in which the WM/Reuters rates, including the key 4 p.m. London fix, were being set.
The Wall Street Journal earlier reported that central banks had agreed on a set of guidelines for the currency market. It said that the principles would ban traders from sharing client identities and information and disclosing data that could allow someone to deduce that information.
EXOGEN THIS IS THE GLOBAL DEATH BLOW TO THE CABAL BANKING CARTEL
EXOGEN: There’s a new sheriff in town
EXOGEN March 26, 2015 at 8:20pm
” The global move to improve standards of behavior is part of an overhaul after allegations traders colluded to rig rates in the $5.3 trillion-a-day currency market. The list of principles was the first item for discussion at the annual global meeting of foreign-exchange committees that was hosted by the Bank of Japan on Monday, according to an agenda posted on the Federal Reserve Bank of New York’s website.“
Rick March 26, 2015 at 8:20pm
Gold’s relationship with the U.S. dollar is about to change
SAN FRANCISCO (MarketWatch) — The gold market’s moving to Asia and the metal’s relationship with the U.S. dollar will never be the same.
In a report released Thursday, the World Gold Council said gold’s (XCEC:GCJ5) relationship with the dollar (IFUS:DX-Y.NYB) is “complex,” as MarketWatch similarly observed in an article published Monday. It also said that relationship is set to “diminish” as the market shifts to Asia.
“While the fact that the gold price is quoted in U.S. dollars gets a lot of attention, its relevance is overstated,” Juan Carlos Artigas, director of investment research at the World Gold Council, wrote in the report.
Gold’s moves are sometimes linked to the dollar, with the metal often trading inversely to moves in the greenback.
But “changes in global markets and the structure of the gold market should soften the dollar’s influence on gold in the long run,” said Artigas.
Part of the changes he mentions is the rise of Asia as a trading hub for gold. “Traditionally, Western markets were at the center of trade,” Artigas told MarketWatch.
But “in recent years, we have seen increased interest in trading hubs in the East,” including the establishment of the Shanghai Gold Exchange, the Singapore Gold Exchange as well as Asian-tailored product launches by the CME in Hong Kong, he said.
Gold demand outside of the U.S. has no clear-cut link to dollar movements, with Chinese demand having been as likely to rise when the dollar strengthens as it has been when it weakens, Artigas said in the report.
Gold is also likely to see more transactions being settled in nondollar currencies as the gold market “becomes less a spoke-and-wheel model … and more a regional web-like exchange structure,” he said.
Asian markets made up close to 80% of global physical gold demand in 2013, as the chart from the WGC below shows:
GFMS-Thomson Reuters, World Gold Council MA MB MC MD ME ZH ZQ ZR ZS ZT ZU
In 2013, “there were strong net outflows from [exchange-traded funds] in the West while … there was strong gold demand from the East, especially China,” Artigas said.
But the shift to East from West won’t completely cut off the link between the precious metal and the greenback.
The dollar will still play a key role, even if the world shifts from a single reserve currency to a multicurrency system, said Artigas. “The U.S. is the third-largest individual country ranked by consumer/investor demand [and it has] a thriving financial sector where many gold transactions are performed.”
Myra Saefong is a MarketWatch reporter based in San Francisco. Follow her on Twitter @MktwSaefong.
LINK – http://finance.yahoo.com/news/gold-relationship-u-dollar-change-121738729.html
**********Awake-in-3D > EXOGEN March 26, 2015 at 8:38pm Absolutely! Wow, I guess I can recant my rant from earlier today… Cause… WE GOT INTEL!!! Still have so e research to do on these issues but… On the surface, THIS LOOKS HUGE!!!!
EXOGEN > Awake-in-3D March 26, 2015 at 8:48pm
THIS IS THE TOTAL GAME CHANGER NEWS WE HAVE BEEN LOOKING FOR
1. GOLD IS ABOUT TO RESET
2. GLOBAL ACCOUNTABILITY AND TRANSPARENCY BEING ACTIVATYED
3. USD RELATIONSHIP TO GOLD IS ABOUT TO CHANGE
4. NEW SHERIFF IS NOW ACTIVATED
BadScott54: JPMorgan Chase & Co. has agreed to sell 1 Chase Manhattan Plaza, the tower built by David Rockefeller, to Fosun International Ltd., the investment arm of China’s biggest closely held industrial group, for $725 million.
DKully: Is this what you folks are talking about?? http://www.bloomberg.com/news/articles/2013-10-18/jpmorgan-selling-chase-manhattan-plaza-in-nyc-to-china-s-fosun
Walkingstick: Baghdad will send 500 billion dinars for the Kurdistan Region
By Roudao 6 hours ago
Roudao – Arbil, revealed Minister of Displacement and Migration in the Iraqi government Derbaz Mohammed, said the central government will send 500 billion dinars for the Kurdistan Region within the next week, adding that this amount will be sent as part of the region’s share of the general budget for the month of March.
He Derbaz Mohammed network Roudao media, “The amount to be sent to the province of Kurdistan is about punches oil exported from the province of Kurdistan to calculate the Iraqi government, so the Iraqi government is determined to send the region’s share as much of the oil exported from the region.”
The Minister of Displacement and Migration, that the amount to be sent is to mow the share of province Kurdistan for the month of Mara, which is estimated at 500 billion dinars, but the Council of Ministers did not discuss this matter, because Baghdad, insisting that the issue of Kurdistan from oil 550 000 barrels a day to calculate the SOMO. ” He is scheduled to send Baghdad share the Kurdistan Region of the general budget This year before the beginning of each month, as the minister said. The Iraqi government and the Kurdistan Region have signed an agreement providing for Tshehadr region 550 000 barrels of oil per day from Kurdistan, including Kirkuk via Ceyhan port to calculate the Iraqi government, by contrast, that the Iraqi government is sending the share of the Kurdistan Region of budget public, amounting to 17% of the entire region.
Aggiedad77: Family….brought this article forward for a couple of reasons…..notice that Baghdad is sending 500 billion IQD to Erbil for what….glad you asked….for “PART”…..”PART” of the March general budget…which they owe them 17% of the budget….and this is only a PART.
Also notice that a real sticking point in the negotiations they are having is that Baghdad seems to be stuck on the idea of requiring the Kurds to export 550,000 barrels of oil daily…..they want and expect this to be a daily measurable goal for the Kurds….
Maybe I’m getting old….but I’m not aware of anywhere in the world that actually measures oil exports at a true daily rate….at best they monitor daily throughput and at the end of the month they get an average for the month that is expressed in a daily rate…..
Some days you may have less than expected….other days you do great and have more….just so long as in the end it balances out to the prescribed “daily rate”…….don’t hang a man because he had one or two bad days in the month….look at the whole. The politicians in Baghdad have a great deal to learn yet it seems….shaking my head. Aloha Randy