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FTSE / DOW YTD

USD Unemployment Claims 290K 282K 278K

An interesting perspective I've just read on what Putin may be planning.........

The suggestion is that he is waiting for the weather to get a lot colder, at which point he will turn round and demand payment for gas and oil in currencies other than the USD, including gold........

Victor Sperandeo has been in the business 45 years, and has worked with famous individuals such as Leon Cooperman and George Soros. Below are the warnings and predictions issued by Sperandeo:

'.......Also, the Russian ruble is down 38 percent since June. That’s a massive tumble in a currency in a matter of months. But if Putin decides to start accepting payment in other any other major currency, that would really put pressure on the U.S. dollar and the dollar would fall and the gold market would rally. So if Putin wants gold to rally and oil to rally, that’s all he has to do. He just has to say, ‘Pay me in anything but the dollar,’ and that would eliminate the middleman and reverse these key markets in dramatic fashion.

So we have to watch what Putin and Russia are doing geopolitically, and what he is going to do about collecting payment for the energy Russia sells. My sources tell me that Putin is simply waiting for the cold weather to hit Europe (which we are starting to see now) before he announces price increases and really puts pressure on the European Union. So to a large degree, world currency markets, metals markets, and energy markets, are in the hands of Putin, and the question is, when will he make his move and strike a blow against the West?”


Could be an interesting ride for the oil price over Winter. Just as everyone gets used to 'oil glut' and '$80 oil', and Mr Putin comes in and upsets the applecart.

Courtesy By ddd and the III Website

So that's why the Russians have been hoarding gold, China as well aren't they?.. the cheeky devils.