JEWISH KING JESUS IS COMING AT THE RAPTURE FOR US IN THE CLOUDS-DON'T MISS IT FOR THE WORLD.THE BIBLE TAKEN LITERALLY- WHEN THE PLAIN SENSE MAKES GOOD SENSE-SEEK NO OTHER SENSE-LEST YOU END UP IN NONSENSE.GET SAVED NOW- CALL ON JESUS TODAY.THE ONLY SAVIOR OF THE WHOLE EARTH - NO OTHER. 1 COR 15:23-JESUS THE FIRST FRUITS-CHRISTIANS RAPTURED TO JESUS-FIRST FRUITS OF THE SPIRIT-23 But every man in his own order: Christ the firstfruits; afterward they that are Christ’s at his coming.ROMANS 8:23 And not only they, but ourselves also, which have the firstfruits of the Spirit, even we ourselves groan within ourselves, waiting for the adoption, to wit, the redemption of our body.(THE PRE-TRIB RAPTURE)
THE EU EUROZONE CURRENCY
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EUROPEAN CENTRAL BANK
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CENTRAL BANKERS LENDER-BIS
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FED CENTRAL BANKERS MEETING - JACKSON HOLE
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IMF
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WORLD BANK
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BANKING UNION BEFORE EURO ADOPTION
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REVIEW SDR -RESERVE IMF CURRENCY
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CHIP UNDER THE SKIN
https://www.youtube.com/watch?v=LZ0YPDYx6lU
https://www.youtube.com/watch?v=kI-RAMBPz6w
https://www.youtube.com/watch?v=EcHQGno4EHQ
https://www.youtube.com/watch?v=HdxfG5MDk0I
https://www.youtube.com/watch?v=KatuQlioeRg
https://www.youtube.com/watch?v=9j9YHTwbPLo
https://www.youtube.com/watch?v=2DcAOkSUFlU
BIDEN AND CHIP IMPLANT-u will vote on it
https://www.youtube.com/watch?v=FQw68jl7KXc
https://www.youtube.com/watch?v=RvYnWBdmcQk
HUMAN CENTRIC SENSING
http://ift.tt/1X84rX3
INTERAC
http://ift.tt/1Jtc7tE
http://ift.tt/1X84p1h
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
The Shemitah is coming true.Do people not get it? There is a economic crash every 7 years.
1980: Recession
1987: Stock market crash
1994: Bond market crash
2001: 9/11, dot com, recession
2008: Housing crash
2015: See if something will happen-The central banks will be the death of us. Get ready and embrace yourself for the economic collapse.
UPDATE-SEPTEMBER 08,2015-12:00AM
DOW MARKET TUESDAY-SEPT 08,2015
09:30AM-
10:00AM-
10:30AM-
11:00AM-
11:30AM-
12:00PM-
12:30PM-
01:00PM-
01:30PM-
02:00PM-
02:30PM-
03:00PM-
03:30PM-
04:00PM-
Gold eases back toward 2-1/2-week low after U.S. jobs data-Reuters-sept 7,15-yahoonews
Gold bars are stacked in safe deposit boxes room of the ProAurum gold house in Munich
Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich March 3, 2014. REUTERS/Michael Dalder/Files
LONDON (Reuters) - Gold eased back towards its lowest since mid-August on Monday as stock markets firmed and the dollar steadied, and after U.S. payrolls data failed to provide clarity on the timing of a Federal Reserve rate hike.Having failed to benefit from recent turmoil in stock markets after China devalued its currency last month, gold is now struggling to find direction outside of U.S. monetary policy, analysts said. Spot gold (XAU=) was down 0.3 percent at $1,119.10 an ounce by 2:30 p.m. EST (1830 GMT), while U.S. gold futures (GCv1) for December delivery were down $3 an ounce at $1,118.40 with activity subdued by the U.S. Labour Day holiday."Gold didn't do enough during the equity market turmoil in China, or the yuan devaluation in China. People were expecting it to go up and it didn't, so they lost interest," Citi analyst David Wilson said."The market has already assumed that there may not be a September rate hike, so if anything, if there is a hike, there is more risk on the downside."Spot gold lost 1 percent last week and has fallen more than 5 percent this year, largely on expectations for a rise in U.S. interest rates.That would lift the opportunity cost of holding non-yielding bullion while boosting the dollar, in which it is priced.Bullion traders said uncertainty over the timing of a hike will keep gold under pressure until the Fed meets on Sept. 16-17. The Fed has already indicated that the timing of a hike is largely data-dependent.Friday's non-farm payrolls report showed the U.S. economy added fewer jobs than expected last month, though the unemployment rate fell to its lowest since 2008."The number was too good for those who hoped that the Fed would postpone the rate hike, and too little for those who were hoping (they'd go ahead with) it. That's why on the gold side, the market just got stuck," Julius Baer analyst Carsten Menke said.European stocks rose on Monday, lifted by mining and commodities giant Glencore after it pledged to slash its debt by a third. The dollar index steadied. [FRX/] [MKTS/GLOB]-Gold prices got little support with the resumption of trading in key gold consumer China after public holidays. Premiums on the Shanghai Gold Exchange were steady at about $4 an ounce on Monday, indicating stable buying interest.Among other precious metals, silver (XAG=) was down 0.6 percent at $14.48 an ounce, while platinum (XPT=) was down 0.6 percent at $982.75 an ounce and palladium (XPD=) was up 1.2 percent at $578.25 an ounce. (Additional reporting by A. Ananthalakshmi in Singapore; Editing by Susan Fenton and Nick Zieminski)
Oil Extends Decline as Russia Rules Out Deal With OPEC on Output-Rakteem Katakey Angelina Rascouet-Updated on September 7, 2015 — 2:22 PM EDT-bloomberg
Oil declined for a second day after another Russian official ruled out cooperation on production cuts with OPEC, adding to signs that a global oversupply will persist.Brent lost 4 percent in London. Russia won’t join the Organization of Petroleum Exporting Countries and isn’t able to cut production in the same way, said OAO Rosneft Chief Executive Officer Igor Sechin. Russia’s Deputy Prime Minister Arkady Dvorkovich said last week there is no way the country can artificially reduce supply.Oil has fluctuated the past three weeks as concerns over slowing demand in China fueled volatility in global markets. Prices are down more than 25 percent from this year’s closing peak in June on signs the surplus will persist. OPEC members are sustaining output and U.S. crude stockpiles remain almost 100 million barrels above the five-year seasonal average.“ Russia’s comments on the market are having some impact on prices today,” Bjarne Schieldrop, Oslo-based chief commodities analyst at SEB AB, said by phone. “There’s some positive data coming from U.S. rig counts for example, and that could be positive for oil prices this week.”Brent for October settlement lost $1.98 to settle at $47.63 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude traded at a premium of $3.37 to West Texas Intermediate. Prices have decreased 17 percent this year.-Producers’ Summit-WTI for October delivery dropped $1.79, or 3.9 percent, to $44.26 a barrel on the New York Mercantile Exchange. The contract slid 70 cents to $46.05 on Friday. The volume of all futures traded was about 74 percent below the 100-day average. All electronic transactions Monday, when trading was halted at 1 p.m., will be booked with Tuesday’s for settlement purposes because of the Labor Day holiday.Venezuelan President Nicolas Maduro told state-owned broadcaster Telesur he had proposed a summit of oil producers including Russia to address the price slump. The Venezuelan president and his Russian counterpart Vladimir Putin agreed on “initiatives” to bring stability to the market, Venezuela’s state-run news agency AVN said last week. Rosneft’s Sechin said Monday in Singapore that Russia could take on an “observer status” within OPEC.Expanding crude supplies from the Atlantic basin are likely to add pressure on oil prices, according to analysts at Natixis SA and Macquarie Capital Inc. Production from the North Sea and Nigeria is set to reach its highest level in more than three years next month, according to data compiled by Bloomberg.China Economy-The Shanghai Composite Index closed 2.5 percent lower at 3,080.42, erasing an earlier 1.8 percent advance. Mainland markets were shut for a two-day holiday at the end of last week.Senior Chinese officials signaled confidence in their economy’s underlying solidity. The rout in equities is close to ending and state intervention prevented systemic risk and stopped a free-fall, according to a statement from Zhou Xiaochuan, governor at the People’s Bank of China.WTI at $45 a barrel is “killing” U.S. oil producers, Amrita Sen, chief oil analyst at Energy Aspects Ltd., said at a conference Monday in Singapore. Prices will be volatile and may overshoot to the upside in 2017 and 2018, Sen said.Drilling rigs targeting oil in the U.S. dropped by 13 to 662, Baker Hughes Inc. said on its website Friday. That’s the first decline in active machines since the week ended July 17.Hedge funds reduced short positions in WTI by 13 percent in the week ended Sept. 1 after the largest three-day rally in 25 years. It was the biggest liquidation of bearish bets since May, according to U.S. Commodity Futures Trading Commission data. Bullish bets on Brent crude were little changed at 140,660 contracts, according to ICE data.
Oil Bears Cashing Out From Crude Market's Roller-Coaster Ride-Asjylyn Loder Mark Shenk-Updated on September 7, 2015 — 2:50 PM EDT-bloomberg
Oil bears are cashing out.Hedge funds slashed short positions in West Texas Intermediate by 13 percent in the week ended Sept. 1 as the largest three-day rally in 25 years sent crude up by almost $10 a barrel before it dropped again. It was the biggest liquidation of bearish bets since May.The week made for a wild ride in the crude markets as volatility jumped to a five-month high amid anxiety about a stubborn worldwide glut of crude. Rising production from Iran and the U.S. combined with weaker demand from China put an end to three days of gains on Sept. 1, the last day of the report week, as oil plummeted 7.7 percent.“There’s a lot of nervousness in this market,” said John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund that focuses on energy. “Everyone is retrenching in the face of this extreme volatility.”Money managers cut short positions, or bets that prices will fall, by 21,009 futures and options combined, U.S. Commodity Futures Trading Commission data showed. Net-long positions increased by 16,826 contracts as bullish wagers also declined.“We’re seeing some short covering along with long liquidation, which means that money is moving out of the market,” said Tim Evans, an energy analyst at Citi Futures Perspective in New York, said. “Investors are moving to the sidelines, which is an appropriate response given the volatility.”The U.S. benchmark oil contract advanced 16 percent in the report week to $45.41 a barrel on the New York Mercantile Exchange. WTI started the seven-day period at $39.31 before the largest three-day rally in 25 years sent futures up 27 percent to $49.20. The contract lost $1.79 to $44.26 a barrel on Monday.On Sept. 1, oil tumbled by $3.79 a barrel after a report showed manufacturing in China had slowed. Investors redeemed a record 13.8 million shares from the U.S. Oil Fund, the most since the exchange-traded product started trading in 2006. That forced the fund’s managers to liquidate the bullish oil contracts that back its shares.Crude has declined 51 percent in the past year as rising output from the U.S. and the Organization of Petroleum Exporting Countries outpaced demand growth. Prices will remain at $40 to $60 a barrel into 2016, said Ian Taylor, chief executive officer of Vitol Group BV, the world’s largest independent oil trader. Other Markets-In other markets, net-long positions on Brent crude were little changed at 140,660 contracts, according to ICE Futures Europe data. Net bullish bets on Nymex gasoline slid 18 percent to 16,383, CFTC data show. Futures fell 3 percent to $1.3956 a gallon. Net bearish wagers on U.S. ultra low sulfur diesel contracted by 14 percent to 28,822 contracts. Diesel futures advanced 13 percent to $1.5779 a gallon.U.S. crude output is 6.8 percent higher than a year ago even though oil rigs are down by 58 percent. Production has been resilient despite spending cuts as drillers focus on the most prolific properties.“The guns are loaded and ready to be fired again,” said Kilduff. “They’re waiting for a signal from OPEC or the rig count, or some kind of clear signal that the oversupply is going to be addressed.”
OTHER STORIES
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IRAN-SAUDI-ARABIA PROPHECY AND WW3
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CHINA DEVALUES CURRENCY FOR AMERICAN INTEREST RATE RISE SPECULATION
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THE EU EUROZONE CURRENCY
http://ift.tt/1SCefp4
https://www.youtube.com/playlist?list=PL5C2C2383444CDA3D
https://www.youtube.com/user/ecbeuro
https://www.youtube.com/user/eutube
https://www.youtube.com/user/pressecdr
http://ift.tt/XbPRvI
EUROPEAN CENTRAL BANK
http://ift.tt/1zWEAmu
http://ift.tt/1L6VRii
CENTRAL BANKERS LENDER-BIS
https://www.bis.org/
FED CENTRAL BANKERS MEETING - JACKSON HOLE
http://ift.tt/1hji3hr
http://ift.tt/1SARIdh
IMF
http://ift.tt/OqHTPH
WORLD BANK
http://ift.tt/wHpH1o
BANKING UNION BEFORE EURO ADOPTION
http://ift.tt/1WEGBlD
REVIEW SDR -RESERVE IMF CURRENCY
http://ift.tt/1JijZS3
http://ift.tt/1SMxiAs
http://ift.tt/1gioHw6
http://ift.tt/1DrtLkd
http://ift.tt/1K64vRK
http://ift.tt/1Egc7jG
http://ift.tt/1F4FVuG;
CHIP UNDER THE SKIN
https://www.youtube.com/watch?v=LZ0YPDYx6lU
https://www.youtube.com/watch?v=kI-RAMBPz6w
https://www.youtube.com/watch?v=EcHQGno4EHQ
https://www.youtube.com/watch?v=HdxfG5MDk0I
https://www.youtube.com/watch?v=KatuQlioeRg
https://www.youtube.com/watch?v=9j9YHTwbPLo
https://www.youtube.com/watch?v=2DcAOkSUFlU
BIDEN AND CHIP IMPLANT-u will vote on it
https://www.youtube.com/watch?v=FQw68jl7KXc
https://www.youtube.com/watch?v=RvYnWBdmcQk
HUMAN CENTRIC SENSING
http://ift.tt/1X84rX3
INTERAC
http://ift.tt/1Jtc7tE
http://ift.tt/1X84p1h
HOARDING OF GOLD AND SILVER
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.(IN 1 HR THE STOCK MARKETS WORLDWIDE WILL CRASH)
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed:(CONFISCATED) their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
LUKE 2:1-3
1 And it came to pass in those days, that there went out a decree from Caesar Augustus, that all the world should be taxed.
2 (And this taxing was first made when Cyrenius was governor of Syria.)
3 And all went to be taxed, every one into his own city.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
REVELATION 6:5-6
5 And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of balances in his hand.
6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.(A DAYS WAGES FOR A LOAF OF BREAD)
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
The Shemitah is coming true.Do people not get it? There is a economic crash every 7 years.
1980: Recession
1987: Stock market crash
1994: Bond market crash
2001: 9/11, dot com, recession
2008: Housing crash
2015: See if something will happen-The central banks will be the death of us. Get ready and embrace yourself for the economic collapse.
UPDATE-SEPTEMBER 08,2015-12:00AM
DOW MARKET TUESDAY-SEPT 08,2015
09:30AM-
10:00AM-
10:30AM-
11:00AM-
11:30AM-
12:00PM-
12:30PM-
01:00PM-
01:30PM-
02:00PM-
02:30PM-
03:00PM-
03:30PM-
04:00PM-
Gold eases back toward 2-1/2-week low after U.S. jobs data-Reuters-sept 7,15-yahoonews
Gold bars are stacked in safe deposit boxes room of the ProAurum gold house in Munich
Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich March 3, 2014. REUTERS/Michael Dalder/Files
LONDON (Reuters) - Gold eased back towards its lowest since mid-August on Monday as stock markets firmed and the dollar steadied, and after U.S. payrolls data failed to provide clarity on the timing of a Federal Reserve rate hike.Having failed to benefit from recent turmoil in stock markets after China devalued its currency last month, gold is now struggling to find direction outside of U.S. monetary policy, analysts said. Spot gold (XAU=) was down 0.3 percent at $1,119.10 an ounce by 2:30 p.m. EST (1830 GMT), while U.S. gold futures (GCv1) for December delivery were down $3 an ounce at $1,118.40 with activity subdued by the U.S. Labour Day holiday."Gold didn't do enough during the equity market turmoil in China, or the yuan devaluation in China. People were expecting it to go up and it didn't, so they lost interest," Citi analyst David Wilson said."The market has already assumed that there may not be a September rate hike, so if anything, if there is a hike, there is more risk on the downside."Spot gold lost 1 percent last week and has fallen more than 5 percent this year, largely on expectations for a rise in U.S. interest rates.That would lift the opportunity cost of holding non-yielding bullion while boosting the dollar, in which it is priced.Bullion traders said uncertainty over the timing of a hike will keep gold under pressure until the Fed meets on Sept. 16-17. The Fed has already indicated that the timing of a hike is largely data-dependent.Friday's non-farm payrolls report showed the U.S. economy added fewer jobs than expected last month, though the unemployment rate fell to its lowest since 2008."The number was too good for those who hoped that the Fed would postpone the rate hike, and too little for those who were hoping (they'd go ahead with) it. That's why on the gold side, the market just got stuck," Julius Baer analyst Carsten Menke said.European stocks rose on Monday, lifted by mining and commodities giant Glencore after it pledged to slash its debt by a third. The dollar index steadied. [FRX/] [MKTS/GLOB]-Gold prices got little support with the resumption of trading in key gold consumer China after public holidays. Premiums on the Shanghai Gold Exchange were steady at about $4 an ounce on Monday, indicating stable buying interest.Among other precious metals, silver (XAG=) was down 0.6 percent at $14.48 an ounce, while platinum (XPT=) was down 0.6 percent at $982.75 an ounce and palladium (XPD=) was up 1.2 percent at $578.25 an ounce. (Additional reporting by A. Ananthalakshmi in Singapore; Editing by Susan Fenton and Nick Zieminski)
Oil Extends Decline as Russia Rules Out Deal With OPEC on Output-Rakteem Katakey Angelina Rascouet-Updated on September 7, 2015 — 2:22 PM EDT-bloomberg
Oil declined for a second day after another Russian official ruled out cooperation on production cuts with OPEC, adding to signs that a global oversupply will persist.Brent lost 4 percent in London. Russia won’t join the Organization of Petroleum Exporting Countries and isn’t able to cut production in the same way, said OAO Rosneft Chief Executive Officer Igor Sechin. Russia’s Deputy Prime Minister Arkady Dvorkovich said last week there is no way the country can artificially reduce supply.Oil has fluctuated the past three weeks as concerns over slowing demand in China fueled volatility in global markets. Prices are down more than 25 percent from this year’s closing peak in June on signs the surplus will persist. OPEC members are sustaining output and U.S. crude stockpiles remain almost 100 million barrels above the five-year seasonal average.“ Russia’s comments on the market are having some impact on prices today,” Bjarne Schieldrop, Oslo-based chief commodities analyst at SEB AB, said by phone. “There’s some positive data coming from U.S. rig counts for example, and that could be positive for oil prices this week.”Brent for October settlement lost $1.98 to settle at $47.63 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude traded at a premium of $3.37 to West Texas Intermediate. Prices have decreased 17 percent this year.-Producers’ Summit-WTI for October delivery dropped $1.79, or 3.9 percent, to $44.26 a barrel on the New York Mercantile Exchange. The contract slid 70 cents to $46.05 on Friday. The volume of all futures traded was about 74 percent below the 100-day average. All electronic transactions Monday, when trading was halted at 1 p.m., will be booked with Tuesday’s for settlement purposes because of the Labor Day holiday.Venezuelan President Nicolas Maduro told state-owned broadcaster Telesur he had proposed a summit of oil producers including Russia to address the price slump. The Venezuelan president and his Russian counterpart Vladimir Putin agreed on “initiatives” to bring stability to the market, Venezuela’s state-run news agency AVN said last week. Rosneft’s Sechin said Monday in Singapore that Russia could take on an “observer status” within OPEC.Expanding crude supplies from the Atlantic basin are likely to add pressure on oil prices, according to analysts at Natixis SA and Macquarie Capital Inc. Production from the North Sea and Nigeria is set to reach its highest level in more than three years next month, according to data compiled by Bloomberg.China Economy-The Shanghai Composite Index closed 2.5 percent lower at 3,080.42, erasing an earlier 1.8 percent advance. Mainland markets were shut for a two-day holiday at the end of last week.Senior Chinese officials signaled confidence in their economy’s underlying solidity. The rout in equities is close to ending and state intervention prevented systemic risk and stopped a free-fall, according to a statement from Zhou Xiaochuan, governor at the People’s Bank of China.WTI at $45 a barrel is “killing” U.S. oil producers, Amrita Sen, chief oil analyst at Energy Aspects Ltd., said at a conference Monday in Singapore. Prices will be volatile and may overshoot to the upside in 2017 and 2018, Sen said.Drilling rigs targeting oil in the U.S. dropped by 13 to 662, Baker Hughes Inc. said on its website Friday. That’s the first decline in active machines since the week ended July 17.Hedge funds reduced short positions in WTI by 13 percent in the week ended Sept. 1 after the largest three-day rally in 25 years. It was the biggest liquidation of bearish bets since May, according to U.S. Commodity Futures Trading Commission data. Bullish bets on Brent crude were little changed at 140,660 contracts, according to ICE data.
Oil Bears Cashing Out From Crude Market's Roller-Coaster Ride-Asjylyn Loder Mark Shenk-Updated on September 7, 2015 — 2:50 PM EDT-bloomberg
Oil bears are cashing out.Hedge funds slashed short positions in West Texas Intermediate by 13 percent in the week ended Sept. 1 as the largest three-day rally in 25 years sent crude up by almost $10 a barrel before it dropped again. It was the biggest liquidation of bearish bets since May.The week made for a wild ride in the crude markets as volatility jumped to a five-month high amid anxiety about a stubborn worldwide glut of crude. Rising production from Iran and the U.S. combined with weaker demand from China put an end to three days of gains on Sept. 1, the last day of the report week, as oil plummeted 7.7 percent.“There’s a lot of nervousness in this market,” said John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund that focuses on energy. “Everyone is retrenching in the face of this extreme volatility.”Money managers cut short positions, or bets that prices will fall, by 21,009 futures and options combined, U.S. Commodity Futures Trading Commission data showed. Net-long positions increased by 16,826 contracts as bullish wagers also declined.“We’re seeing some short covering along with long liquidation, which means that money is moving out of the market,” said Tim Evans, an energy analyst at Citi Futures Perspective in New York, said. “Investors are moving to the sidelines, which is an appropriate response given the volatility.”The U.S. benchmark oil contract advanced 16 percent in the report week to $45.41 a barrel on the New York Mercantile Exchange. WTI started the seven-day period at $39.31 before the largest three-day rally in 25 years sent futures up 27 percent to $49.20. The contract lost $1.79 to $44.26 a barrel on Monday.On Sept. 1, oil tumbled by $3.79 a barrel after a report showed manufacturing in China had slowed. Investors redeemed a record 13.8 million shares from the U.S. Oil Fund, the most since the exchange-traded product started trading in 2006. That forced the fund’s managers to liquidate the bullish oil contracts that back its shares.Crude has declined 51 percent in the past year as rising output from the U.S. and the Organization of Petroleum Exporting Countries outpaced demand growth. Prices will remain at $40 to $60 a barrel into 2016, said Ian Taylor, chief executive officer of Vitol Group BV, the world’s largest independent oil trader. Other Markets-In other markets, net-long positions on Brent crude were little changed at 140,660 contracts, according to ICE Futures Europe data. Net bullish bets on Nymex gasoline slid 18 percent to 16,383, CFTC data show. Futures fell 3 percent to $1.3956 a gallon. Net bearish wagers on U.S. ultra low sulfur diesel contracted by 14 percent to 28,822 contracts. Diesel futures advanced 13 percent to $1.5779 a gallon.U.S. crude output is 6.8 percent higher than a year ago even though oil rigs are down by 58 percent. Production has been resilient despite spending cuts as drillers focus on the most prolific properties.“The guns are loaded and ready to be fired again,” said Kilduff. “They’re waiting for a signal from OPEC or the rig count, or some kind of clear signal that the oversupply is going to be addressed.”
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