November 14, 2014

#Mexico: #Pemex Signs MOU With #Chinese Firms #MasterEnergy @Stratfor

The race is on in Mexico's oil sector opening.

From Stratfor

Mexico: Pemex Signs Memorandums Of Understanding With Chinese Firms

November 13, 2014 | 2242 GMT

Mexican state-owned energy firm Petroleos Mexicanos, commonly referred to as Pemex, has signed three memorandums of understanding with Chinese firms, according to a Nov. 13 company press release. Pemex and Chinese state energy firm China National Offshore Oil Corp. signed an agreement on exploration and production of heavy crude and mature oil fields. It also signed an accord with the Industrial and Commercial Bank of China for a $10 billion line of credit to fund upstream projects and acquisition of equipment for offshore areas. A second line of credit with the China Development Bank to fund upstream projects was also agreed upon

November 5, 2014

Because Nothing Says 'Best Execution' Like Dumping $1.5 Billion In #Gold Futures At 0030ET | Zero Hedge

Because Nothing Says "Best Execution" Like Dumping $1.5 Billion In Gold Futures At 0030ET

For the 5th day in a row, "someone" has decided that 0030ET would be an appropriate time (assuming the 'seller' is an investor who prefers best execution rather than the standard non-economically-rational share-repurchaser in America) to be dumping large amounts of precious metals positions via the futures market. Tonight, with over 13,000 contracts being flushed through Gold - amounting to over $1.5 billion notional, gold prices tumbled $20 to $1151 (its lowest level since April 2010). Silver is well through $16 and back at Feb 2010 lows. The USDollar is also surging.

The timing of the dump is right as Japanese trading breaks for lunch

Gold dumped...