GOLDBUGS AMEX Goldbugs Index (GOLD)

[peel+green]

Bandar seems to be an aggressive sort of operator and has threatened Putin with trouble at Sochi for not towing his line. As far as Saudi-US relations are concerned, I'm personally interested in seeing if, in exchange for oil, Saudi Arabia continues to buy US T-Bonds. Or slows down, or stops.

As a senior Chinese banker said last week that China does not seek more fx reserves (and presumably steps up gold purchases, mine purchases, and real estate purchases in the west)the USD is in for a challenging time from now into the next few years.

I can see the Fed having to 'up' their purchases of US Treasuries as the demand will slacken elsewhere unless there is some significant jump in yield. An interest rate rise in T-Bonds would seriously harm the USA. Its National Debt at almost $17.2 Trillion equates to a 6.1 x Income mortgage.