Wednesday, March 9, 2016

Mean time. The Chess Game rolls its p paws..JR

Some facts that could cause a chance.. Whom behind them. JR 



Economy

The world's biggest oil exporters both in and outside of OPEC plan to meet in Moscow on March 20 to discuss an output freeze, Iraqi Deputy Oil Minister Fayadh al-Nema told state newspaper Al-Sabah. That's in line with the date set out by Russian energy minister Alexander Novak last Friday, according to Russian agency Interfax. He said in that report that producers would also meet on April 1. Crude futures +1.5% to $37.05/bbl.

For an asset touted as a hedge against inflation, gold's doing pretty well right now. The precious metal is off to its best start to the year since 1974, as gold ETFs continue a buying spree started in late December. Not surprisingly, SPDR (NYSEARCA:GLD) is the biggest buyer, adding 2.8M ounces month/month. Deutsche Bank (NYSEARCA:DGP) has been the largest buyer by percentage, increasing its holdings by 29.3% M/M.

Has the British Queen been dragged into the Brexit debate? According to The Sun, the monarch has been "revealed" as a backer of the campaign to leave the EU, and supposedly told former Deputy Prime Minister Nick Clegg that the union was "heading in the wrong direction". Buckingham Palace rejects the story, insisting that the Queen is "politically neutral." Whether fact or fiction, the comments could be a boost to the "leave" campaign which has already attracted a number of high-profile politicians.

North Korea claims to have miniaturized nuclear warheads to fit on ballistic missiles - the isolated state's latest boast of its weapons technology development. "This can be called true nuclear deterrent," said leader Kim Jong-un, according to the Korean Central News Agency. The report comes as tensions on the peninsula remain high during annual U.S.-South Korean joint military exercises and following a fresh round of U.N. sanctions that were leveled on Pyongyang.

Iran has threatened to walk away from the nuclear agreement reached last year with global powers, hours after breaching U.N. Security Council resolutions by test-firing more ballistic missiles. "If our interests are not met under the nuclear deal, there will be no reason for us to continue," warned Abbas Araqchi, Iran's deputy foreign minister. The missile test comes a day after the IAEA disclosed that it is prohibited by the nuclear accord from publicly reporting on potential violations of the Islamic Republic.

Sexual transmission of the Zika virus is more common than previously thought, according to the World Health Organization. After a meeting of its emergency committee on Tuesday, the U.N. health agency said there was also increasing evidence that a spike in birth defects and neurological problems are caused by the disease. Local transmission of Zika has now been reported in 31 countries across Latin America and the Caribbean.


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