Goldilocks’ Comments and Global Economic News Tuesday Evening 11-7-23

08/11/2023

Goldilocks’ Comments and Global Economic News Tuesday Evening 11-7-23

Good evening,

The Central Bank of Iraq decided to resume the sale of gold bullion and coins, starting Wednesday, November 8, 2023, via an “electronic platform.”

The Central Bank of Iraq confirmed that government and private banks can apply to buy gold bullion and coins via (an electronic platform designated for this purpose), indicating that their sale will be in accordance with the instructions and controls issued by the Central Bank of Iraq.

Central Bank of Iraq Information Office https://cbi.iq/news/view/2463

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BREAKING NEWS

CHINA ADDED TO ITS GOLD HOLDINGS FOR THE 12TH STRAIGHT MONTH IN OCTOBER

THE CENTRAL BANK ADDED ABOUT 23 TONS

China has gold fever.

Read: https://x.com/goldtelegraph_/status/1721817507349364886?s=46

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“Inter-Agency Working Group Releases New Report on Treasury Market Resilience Efforts”

Several mechanisms have just recently been changed to support the markets going into 2024 that allow the flow of money to move with more efficiency and profitability.

* Implement a Treasury buyback program

* More transparency on the secondary Market

* More information in the repo Market

* More clarity in reporting requirements

* Expand cross-margining efforts between central counterparties that clear cash and derivative transactions related to Treasury securities

Basically, we are witnessing restrictions made on to the Old Market being released to New Market modalities such as the use of local currencies around the world used as collateral.

More flexibility in BuyBacks giving investors quicker returns on their profit margins.

And more…

The new digital trading economy is allowing these changes to take place to even the playing field for Professional and Retail investors.

© Goldilocks

https://www.cftc.gov/PressRoom/PressReleases/8820-23

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Following the launch of BRICSPAY, the BRICS system has been exploring the expansion of the Digital Yuan.

Currently, the movement towards leveling the playing field between the East and the West through the digital Yuan is underway.

Below, you will find a legislative bill link regarding proposed legislative changes to the world’s reserved status.

© Goldilocks

https://watcher.guru/news/brics-china-exploring-cross-border-use-of-digital-yuan

https://www.congress.gov/bill/118th-congress/house-bill/556

CoinDesk Link

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READOUT: Financial Stability Oversight Council Meeting on November 3, 2023

U.S. Department of the Treasury Link

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BRICS nations see massive surge in global transactions
https://www.cryptopolitan.com/brics-massive-surge-in-global-transactions/

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(Bloomberg) — “Oil edged up after Saudi Arabia and Russia reaffirmed they will stick with oil supply curbs of more than 1 million barrels a day through the end of the year.”

Saudi Arabia and Russia have recommitted themselves to extending oil supply curbs until the end of the year.

This will hold the price of oil to a higher level and not allow it to depreciate in the coming months as consumer spending wanes.

© Goldilocks

https://finance.yahoo.com/news/oil-edges-higher-saudis-russian-234810693.html

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BRICS Trade Surges Ahead Of Enlargement: Report Iran Front Page Link

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HOTTEL: World’s First Fully Tokenized Asset-Backed Investment Coin Successfully Launched
https://comtex.com/?p=442893944

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House-passed bill includes Boebert measures blocking BLM oil, gas reforms, local leasing plans

GJSentinel Link

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UPDATE from Goldilocks:

The Oil Market is still in economic reforms.

Gold is being added as an economic form of payment on electronic platforms.

We still have electronic currency reforms in development.

And, Banks are adjusting their Capital requirements to synchronize transactions between them and the markets.

We have never seen this much activity at the same time.

We are clearly inside a Global Currency Reset.

We are clearly still in process, but the final phases of these changes are within sight.

© Goldilocks

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BREAKING NEWS

CHINA WILL TIGHTEN RARE EARTH EXPORT CONTROLS, REQUIRING EXPORTERS TO REPORT RARE-EARTH TYPES AND THEIR EXPORT DESTINATIONS

Commodities… Read: https://x.com/goldtelegraph_/status/1721936408691261668?s=46

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