India Offers To Pay For Iran Oil With Gold

Submitted by Tyler Durden on 01/10/2011 13:00 -0500

It appears that gold's isn't really a currency... until it is. The Economic Times reports that India is attempting to ensure steady crude oil supplies from Iran. In doing so it is doing everything it can to pay Iran in a way that avoid loopholes associated with recent US sanctions. And the stunner: "India could settle crude oil import transaction using gold in the short term, while efforts to resolve the deadlock continue." But does Iran realize they can't possibly eat all that gold? Or that The Fed has no way of diluting to oblivion? Or that, unlike the dollar, it is currently not involved in a global race to bottom in which every central bank will have no choice but to print ever more of its linen-infused currencies? Something tells us that the answer to all three is yes.

Sprott Comments On Liquidity Disconnects Between Paper And Physical Silver Market

 

And Irish CDS Is Outtahere

 

David Rosenberg's 2 Minute Bullet Point Pitch On The USD And The 10 Year

 

35 Miles Of Capesize Vessels Leaving Shipyards In 2011 Guarantee Low Baltic Dry For A Long Time

 

Trans-Alaska Pipeline System Leak Causes BP To Shutdown 95% Of Prudhoe Bay Production

 

China December Gross Trade Surges To Record, As Trade Surplus Plunges

 

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The Silver Bears Are Back For Round Three, Explaining Two Key Recent Developments In The World Of Silver

Submitted by Tyler Durden on 01/09/2011 19:47 -0500

Confused by the recent downdraft in the price of (paper) silver... Even more confused by what is happening with the record open interest in the metal? Have no fear. The bears are here, and explain things in their traditionally simple and sound effect-filled way. 

 

 

 

Charles Nenner, Technical Analyst to the Stars, Gives a 2011 Forecast


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