Rime & Reason wrote:Madhatter, why do you keep sending out mixed signals? Gold has lost about a third of its value since you started this epic thread and seems to have found a stable base around $1,200. Do you think now is the time for me to finally take some of my stock market profits and buy gold or do you think gold will drop even further?
Happy Birthday Lehman Bankruptcy: Silver +71%, Gold +61%, S&P +58%
http://www.zerohedge.com/news/2014-09-1 ... d-61-sp-58" onclick="window.open(this.href);return false;
Petrodollar Panic: EU Officials Admit Buying Oil From ISIS
http://www.zerohedge.com/news/2014-09-1 ... g-oil-isis" onclick="window.open(this.href);return false;
"A senior European Union official has revealed that some EU member states have purchased oil from ISIL Takfiri militants despite their rhetoric against the group.
In a briefing to the European Parliament Foreign Affairs Committee, EU Ambassador to Iraq Jana Hybas-kova said some European countries have purchased crude from the ISIL. "
UK Hints At Next Reserve Currency, To Issue Chinese Yuan-Denominated Bond
"British Chancellor of the Exchequer George Osborne announced Friday that the British government intend to issue a Renminbi denominated bond and to use the proceeds to finance the government's reserves of foreign currency.
"
I can now announce that the UK government intend to be the first national government outside of China to issue a bond in China's currency. We issued bonds in U.S. dollar before, now we will be issuing a bond in RMB," said Osborne in the press release of the Sixth China-UK Economic and Financial Dialogue (EFD).
Chinese Vice Premier Ma Kai and Osborne concluded the meeting of the Sixth China-UK Economic and Financial Dialogue in London.
Osborne described this dialogue outcome as "a historic moment" and a statement of British confidence in the potential of the RMB to become "the main global reserves currency".
"And let me be clear, as China becomes a bigger and bigger part of the world economy, their currency is going to be used around the world. We here in Britain understand that, and we want us to be the first country in the west to seize the opportunities that it will bring," declared Osborne.
Meanwhile, the issuance of Chinese currency bond means jobs and investment in Britain, which the government's long-term economic plan is all about, noted Osborne"
good times are here to stay...