Replies

“Forget Dollars, Start Buying Rubles” BOL, not yet my friend.

The good news is the Opecker Princes, South America Opeckers and Putin are getting kicked below the belt each day, when the price of oil drops again and again.

The Russian Ruble is getting stomped like a wounded snake on the ground

http://www.marketwatch.com/story/ruble-tanks-as-investors-fret-about-russian-corporate-defaults-2014-12-15

NEW YORK (MarketWatch) — The dollar rose to new record highs against the ruble Monday, as falling oil prices were compounded by fears that some of Russia’s largest companies could default on their dollar-denominated debts.

In recent trade, the dollar rose to 60.5983 rubles RUBUSD, -6.58% — its highest level ever — as the price of West Texas Intermediate crude oil for January delivery sunk below $58 a barrel Friday. The dollar was worth 58 rubles Friday.

80 posted on 12/15/2014 7:57:59 AM PST by Grampa Dave (The Democrats, who run America are too old, too rich, and too very/very white elitist losers!.)

BOL, not yet my friend.

But there is a price at which it becomes a screaming buy. The trick is figuring out what is the number.

85 posted on 12/15/2014 9:43:56 AM PST by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))

Ruble tumbles 9.5% to new record low despite interventions

http://www.freerepublic.com/focus/f-news/3237466/posts

88 posted on 12/15/2014 12:01:29 PM PST by Lurkina.n.Learnin (It's a shame nobama truly doesn't care about any of this. Our country, our future, he doesn't care)

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