Central Bank Gold reserves according to the IMF are expanding gold holdings from Russia to Kazakhstan are buying while China never stopped adding and has more to do than anyone is pricing in.
Petrobras (PBR, quote) announced that the company is boosting cashflow-negative and loss-leading gasoline imports at their fastest pace ever in attempt to hold down prices for alternative fuels, while trying to block investment in alternatives, or at least make investments in these kinds of products– namely, ethanol — unattractive.
The ruble is off 1.5% in the past two days and has broken through support at the 200mda.
Put options for U.S. Listed Russian ETF Jump at Fastest Pace in 4 Years. Cyprus is a major issue for the world but the focus on Russia here is so overdone.