Implode-Explode Heavy Industries news feed Tracking the many faces of the global credit implosion. en-us iehi-feed-58312 Thu, 26 Nov 2015 13:03:59 GMT Here Comes The "QEmmodity" - China's Desperate Commodity Sector Demands A State Bailout iehi-feed-58308 Wed, 25 Nov 2015 22:11:36 GMT Even With New Competing UK Conduit, Swiss Gold Export To China Surpasses Annual Record iehi-feed-58301 Tue, 24 Nov 2015 22:53:20 GMT Sprott Unleashed: "Everything is a Lie... They've Got To Pretend There Is An Economic Recovery Happening" iehi-feed-58299 Tue, 24 Nov 2015 14:26:51 GMT Richard Russell, Publisher of Dow Theory Letters, Dies at 91 iehi-feed-58290 Mon, 23 Nov 2015 14:06:09 GMT Speculators test Saudi currency as oil crisis deepens Saudi Arabia's currency regime is at risk of blowing up if oil prices fall further and the US dollar spikes higher, Bank of America has warned. The Saudi strategy of flooding the world with oil in a bid to drive out rivals may be hard to square with the country's fixed dollar-peg, which is increasingly under scrutiny by currency traders as the US Federal Reserve prepares to raise interest rates.

... Mr Blanch said a devaluation by China would leave the Saudis badly exposed and might ultimately force their hand. "A de-peg of the Saudi riyal is our number one ‘black-swan' event for oil in 2016," he said.

The 30-year old dollar peg is the weak link in Saudi strategy. It matters more than dissent within OPEC as the cartel prepares for a stormy meeting in Vienna on December 4. To varying degrees, Algeria, Venezuela, Nigeria, Iraq, and Iran all want production cuts to stabilize the market.

iehi-feed-58275 Sat, 21 Nov 2015 15:01:09 GMT Goldman eyes $20 oil as glut overwhelms storage sites The world is running out of storage facilities for surging supplies of oil and may soon exhaust tanker space offshore, raising the chances of a violent plunge in crude prices over coming weeks, experts have warned. Goldman Sachs told clients that the increasing glut of oil on the global market has combined with mild weather from a freak El Nino this winter. The twin-effect could send prices plummeting to $20 a barrel, the so-called ‘cash cost' that forces drillers to abandon production. "Risks of a sharp leg lower remain elevated," it said.

The US investment bank said the overall glut in the commodity markets may take another twelve months to clear. It cited ‘red flag' signals on the Shanghai Future Exchange over recent days. Copper contracts point to "imminent weakening" in China's ‘old economy' of heavy industry and construction, it said.

iehi-feed-58263 Thu, 19 Nov 2015 15:36:50 GMT China's Steel Industry Peers Into Abyss as Output to Plunge iehi-feed-58253 Tue, 17 Nov 2015 20:39:32 GMT Five reasons the Fed can't raise rates iehi-feed-58236 Sat, 14 Nov 2015 13:51:37 GMT The Saudis Are Stumbling -- They May Take the Middle East With Them iehi-feed-58234 Fri, 13 Nov 2015 21:43:53 GMT Desperate Glencore Sells Some Silver Production Forward At 20% of Spot To Raise $900 Million iehi-feed-58226 Fri, 13 Nov 2015 14:51:34 GMT Five myths about the Chinese economy | McKinsey iehi-feed-58225 Thu, 12 Nov 2015 21:49:54 GMT Gold Bullion Demand Surges 27% In Q3 -- New Chinese "Buying Spree" iehi-feed-58201 Mon, 09 Nov 2015 20:39:08 GMT What An Industrial Depression Looks Like: Photos From An Australian Heavy-Machinery Auction iehi-feed-58181 Fri, 06 Nov 2015 18:04:11 GMT Obama rejects Keystone XL pipeline iehi-feed-58177 Fri, 06 Nov 2015 14:09:31 GMT Bank of China launches RMB, global commodity business centres in Singapore iehi-feed-58163 Wed, 04 Nov 2015 14:59:24 GMT When a 127-Year-Old U.S. Industry Collapses Under China's Weight iehi-feed-58152 Tue, 03 Nov 2015 20:36:32 GMT Standard Chartered shares sink on shock quarterly loss; Will raise $5.1bn, cut 15,000 jobs by 2018 iehi-feed-58139 Mon, 02 Nov 2015 15:15:16 GMT The Relevance Of Gold - Sprott iehi-feed-58126 Fri, 30 Oct 2015 23:06:05 GMT Andrew Maguire -- Gold-Rigging Bank Cartel About to Facture? iehi-feed-58123 Fri, 30 Oct 2015 18:35:35 GMT Central Bank Gold Manipulation Evidence Piles Up (MUST READ)