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OTCRIDER

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Sunday, 11/22/2015 11:55:49 PM

Sunday, November 22, 2015 11:55:49 PM

Post# of 39190
SAUDI..“A de-peg of the Saudi riyal is our number one ‘black-swan’ event for oil in 2016,” he said.

Bank of America warned that a break-down of the Saudi dollar-peg would send the riyal tumbling, with major knock-on effects. “Oil could collapse to $25,” it said in a client note.

http://www.telegraph.co.uk/finance/12007991/Speculators-test-Saudi-currency-as-oil-crisis-deepens.html
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