TNT, X22 Reports, Bix Weir and more Friday Morning 11-20-2020
TNT:
Harambe: CNBC: Oil prices little changed, on track for third straight weekly gain ... Brent Crude $44.28
(11/20/20)
Oil prices were little changed on Friday, on track for a third consecutive weekly rise, but demand concerns stemming from surging coronavirus cases and renewed lockdowns in several countries capped any further gains.
The likelihood of an effective Covid-19 vaccine and hopes that OPEC and its allies would keep production under check have bolstered the oil markets this week.
https://www.cnbc.com/2020/11/20/oil-markets-coronavirus-cases-rise-stimulus-talks.html
Harambe: Bloomberg: Rupiah’s Chart-Topping Gain Clears Path for More Policy Easing
(11/20/20)
The pathway to another Bank Indonesia interest-rate cut appears to be clear, thanks to a rally in the rupiah and a revival in bond inflows.
With the Indonesian currency beating all its Asian peers this month, policy makers may have room to ease again after a surprise rate reduction on Thursday. In the past, the central bank has frequently cited the need to preserve the rupiah’s stability as a factor for maintaining borrowing costs.
The rupiah has climbed around 20% since sliding to a 22-year low in March, reflecting the turnaround in regional currencies as the dollar weakens. The upturn is creating more policy space for Asia’s central banks to navigate the virus-driven slowdown, with Bangko Sentral ng Pilipinas also moving to lower rates on Thursday.
“The recent rupiah strength has reduced concern over the implications of lower rates on FX levels,” said Frances Cheung, head of Asia macro strategy at Westpac Banking Corp. in Singapore. “Real yield differentials remain appealing on benign inflation, which shall help sustain bond inflows.”
The rupiah has climbed about 3% in November and traded around 14,200 per dollar on Friday. Yields on benchmark 10-year debt are near the lowest in almost three years and sovereign bonds are poised for a second month of inflows.
With recent indicators suggesting that the economy may struggle to emerge from a recession, some economists are predicting that Bank Indonesia will have to ease again.
“The recent appreciation in the rupiah has opened up fresh policy space,” said Joseph Incalcaterra, chief Asean economist at HSBC Holdings Plc in Hong Kong. “We think this gives the central bank room for one more 25-basis point rate cut in the first quarter of 2021, assuming global risk sentiment holds up.”
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Courtesy of Dinar Guru
Frank26 The MR went into a recalculation which is called an RV (revalue) and then it went into an RI which is what they're doing. They're reinstating it. They'd love to get it back to the glory days of $3.22 ...And it ends with an RD. Which is the redenomination. Let me see those new small category notes and what goes with it! All these things that are happening are extremely encouraging. You've got to be encouraged by it.
Jeff I told you the last thing we're waiting for is Iraq to complete that borrowing law. At this point all the borrowing law has remaining is just a presidential signature to ratify it. Once he ratifies it they can change the rate at any time. We're hoping that he signs it by Saturday.
Jeff I don't know if you guys have noticed the level of articles coming out. They have ending and completion written all over them. There was one article this morning talking about Iraq joining the World Trade. They could only do that when their currency is internally recognized. There's a second one talking about the only way to revive Iraq's economy is to reform the banking sector to promote and launch investment...These articles...have ending and completing all over them as Iraq reaches the end of that borrowing law...
Thursday Night X22 Reports
The [CB] Accelerated Their Plan Out Of Panic, Patriots Were Counting On This . Ep. 2333a
The [DS]/[CB] were rushed into their reset, they were not planning on moving up their agenda, but they had no choice, they were running out time. Trump and the patriots trapped them in the reset. Once it has begun the [CB] cannot stop it. This is exactly what the patriots wanted.
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Dominion Execs Running, Message Sent In The Past, Received In The Present – Ep. 2333b
The [DS]/[CB] are now boxed in, the evidence is now pouring out and RG and SP are presenting more and more facts and truth. Back in 2012 Trump sent a message, future really does prove past. The patriots are preparing to take down the entire [DS] system, the people will no longer be divided, this will bring the people closer together, the [DS] will try to stop the people uniting.
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Bix Weir
SILVER ALERT! 5 Trading Days before Dec. Delivery
Nov 19, 2020
The large Silver shorts are currently sitting with a 320Moz short position on the COMEX with only 5 trading days left until the VERY SIGNIFICANT December delivery month.
It's either close out these positions at significant losses OR put themselves in the vulnerable position of having to deliver physical silver into a very tight physical market.
Either way...it's CRUNCH TIME for the silver riggers!