Iko Ward: 1089.5 at 7:18. Expect great things today.
Bitsy Bigger : Thanks Iko! Do you think that will be the high for the day?
Iko Ward : Bitsy…that’s what I’m thinking. By 10AM EST we’ll know for sure…… by 10AM we should know which way Forex is going to move today. UP=BAD DOWN=GOOD,
Iko Ward : 1085 was a number put out by the experts back in Jan, 2014. It represented a trigger point for a great many things to happen. Seems to be still relevant. Bonds, lower denoms, certain contracts, etc.
Iko Ward: Don’t sweat Forex yet, let’s see where it goes after the reset. All the other indicators are strong.
PollySue: Good Morning has anyone seen the NEWS? 2 miles of oil tankers from Iraq coming to the USA….I think this is huge, for us! So does anyone else think this is big news?
Houston: Yes, polly, I do!
PollySue: to me it says it is done!
Houston: Polly, I agree!
Samson: http://bit.ly/1HCDupJ published new image currency 50,000 dinars category
Samson: Here’s another image of the notes : http://bit.ly/1MYV2ij
Samson: http://bit.ly/1GYiGcv House of Representatives vote on the two bills and the decision and proceeded to read the General Amnesty Law
Samson: http://bit.ly/1GYjmyt The arrest of the Director of the Rafidain Bank in Najaf and some of his staff on charges of corruption and sentenced to two years
Pygmalyn: This can only bolster their case for reserve currency status.
China discovers undersea gold reserves estimated at $16.4bn
A huge deposit holding at least 470 tons of gold has been discovered beneath the seabed of the East China Sea.
The largest deposit is located two kilometers below sea level in an area with estimated reserves of at least 1,500 tons of gold. It was discovered in the Laizhou city which has the largest gold reserves in China. More than 2,000 tons of gold has been found there recently.
“It’s very difficult to locate and set up the drilling platforms at sea,” said Ding Zhengjiang, the deputy director of the Shandong Provincial No. 3 Institute.
The project’s manager Zhang Junjin added that “drilling holes into underground rocks that are more than 1,000 meters deep is a big challenge while in China gold mine prospecting is normally conducted within 800 meters underground. The discovery of a gold deposit lying 2000 meters undersea provides the need for new drilling technology for future gold mining,”Zhang said.
The marine prospecting took three years, and involved over 120 kilometers of drilling, with 67 sea drilling platforms and about 1,000 drillers and geologists.
Earlier this year Beijing proposed deep seabed mining cooperation in Indian Ocean. China said India was an ideal partner in terms of the development of deep seabed mining. Both countries are the world’s largest gold consumers.
In July China revealed a nearly 60 percent increase in gold reserves in the past six years, becoming the fifth largest holder of gold in the world.
Ancient discoveries: Thousands of gold & bronze items unearthed at Chinese cemetery