Petrobas just received an injection from China, $10 Billion. Terms were not disclosed. Goodwill?
Gold futures are trading at or below Spot Gold. This scares me more than anything else.
If, a Big IF, Opec can announce a production cut in the area of 4 mil. brls and Russia follow suit with at least 500k, then reflation has hope. Otherwise, we might all be swimming with the fish. IMHO
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Petrobas just received an injection from China, $10 Billion.
Dec 11 04:33 am
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All Comments by NOWHEREMAN »Wednesday Outlook: Commodities, Emerging Markets [View article]
Terms were not disclosed. Goodwill?
Gold futures are trading at or below Spot Gold. This scares me more than anything else.
If, a Big IF, Opec can announce a production cut in the area of 4 mil. brls and Russia follow suit with at least 500k, then reflation has hope. Otherwise, we might all be swimming with the fish. IMHO