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USDJPY to retest Flash Crash lows.
Those 87 XDA Sept puts look better everyday. I thought it would rally Pm and AM but hey sell baby sell. The 133 Sept XDE puts look even better, what a bunch of jackasses debating bills about the banks that put them in power.....we have seen the enemy and he is us. All i can think is i am pissed I cut the aud/jpy short at 7988, damn. Carnage is beautiful.
Ah, don't sell the Fed so short just yet...
Tyler dude, just stop it. You have Denninger arguing with himself and I think he is going to go Scanners. My popcorn isn't ready...
No way?! I've got to check that out.-:)
Too funny. I can't find him arguing with himself, but your description was good for some laughs.
He has two articles in a row, one that rails against the German naked short sale ban as a liquidity nightmare, and the next that praises it as a shot against the casono gambling banksters.
I'm with the second point myself. If you can't borrow it you shouldn'r "sell" it, and you shouldn't be able to "bet" that your neighbors house will burm down.
Scanners - snort!!! :-))
Psychotic Breaks. They aren't pretty.
GBP/JPY a disaster.
EUR/JPY looks like BoJ has surrendered and will let it rip.
AUD & Kiwi getting smoked.
Oh and the 10 year is creeping lower in yield.
6 month T is also dropping in yield, last I have it is 0.20%
Smells like a massive carry unwind with both the Yen and Dollar at the same time. Bad news for the US when this happens. Eventually all that funny money ends up back home...
Hong Kong even dumping gold tonight.
(also, would have expected a screen of $67 crude somewhere here already)
Be nimble boys.
This may be the last chance to get some physical gold on the cheap.
Only 97% gold longs out there - sure - let's go for 99%.
I'd wait for the 1075-1125 area. Then again, I'm a realist about what the central banksters have to do about gold prices. They have to crush it one more time plus it is a very good technical move.
agreed, CBers will crush anything people are using to retain a tidbit of wealth...
Hell. I'm hoping for under $1000.
Don't see it Rusty. Absolute lowest support is $1040ish with $1064 strong. I figure a pullback to $1075 +/-6 or 7 bucks intraday and consolidation between $1150-$1225 until summer's end.
You'll have to be nimble to nab that. GLD performed better than physical today and that is bizarro land.
Yeah, you're probably right. You never know though.
Once chaos is unleashed...
Noticed that, yesterday I apparently made something out of nothing
Hell. I'm hoping for under $1000.
Hell I'm hoping to go sub $800 / sub $8 as the SGR blows wide open to 100
Have I been hoping for too much since I sold PM's in favor of FRN's late '09 ? Methinks not...
Hope and $1214 will get you an ounce of gold.
Agreed. Once you are fully committed to the insanity, everything is on the table and all strategies MUST be implemented in order to prove to the world you are sane. Since the ONLY thing holding the world together is confidence in a system that can not maintained much longer in it's present condition, and everyone knows this deep down, the only road they can take is complete and utter insanity.
They simply cannot admit the system is insolvent because that will be the final straw that signals destruction. They are committed to the abyss, which speaks to the insanity coming down the road and around the corner. Someone needs to hit BB and the Fed with some Thorazine darts before this goes thermonuclear.
I'm not kidding in the least bit. They WILL go down with the ship and they will take everyone with them.
Methinks a grassy knoll is around the corner for some of these people. Long befoe we break someone important will.
"Someone needs to hit BB and the Fed with some Thorazine darts " ha! though i would personally dip the darts in a strong brew of Ayahuasca instead to get the DMT flowin...
CogDis, think you hit the core with that 1st paragraph. watch for the gusher and make sure you don't have any leaks.
Yup, hammer the gold right before the options expire. Same old, same old
Funny how americans have forgotten the action in the days following Lehman Day, this is exac replay - hedge funds' margin calls forced selling of every profitable (or not) trade, especially gold.
Folks, for your own financial and mental well being, please stand aside when Europe opens today (assuming you are not asleep or already up, depending on where you are in the US).
Lehman? Whut? It's different this time! You think "they" are going to let the market go down? You think the PPT is just going to step aside? They wouldn't do that! Uh, or would they? This won't end well for the Harry Wangers of the world.
In such cases there is usually time to walk, not run, to the lifeboats. The trick is to know when is the time.
This is the time.
Oh didn't you hear?
The exchange you purchased the lifeboat futures from has elected for cash settlement.
Here's your cash.
Damn that water looks cold.
And deep too. ;)
(apologies to anyone who doesn't know the joke that goes with this punchline)
That's some funny stuff there, I don't care who you are.
Rusty, that's some great material there. You should be writing for the Daily Show.
Thanks man. I love your stuff too.
Since we live in an FX world, with all these currencies plunging something other than the dollar must be rising? Or is everyone in the world trying to buy dollars?
Sounds like a short dollar opportunity coming soon.
Yen is a safe haven currency as well. Or seen as, I dont think anything is safe but its tradeable. Once the ECB tries to intervene the Euro will plunge and the market will Bitch slap it to parity. IF the Japanese are intervening, which I seriously doubt, they will be met with willing sellers as well. Too big to bail....
SHIT did not even think about that? Maybe the print is just the latest ASK?
Does this mean my real estate is going down?
Unemployment high, available money low.
Have I go a mortgage for you!
Watch this: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=dxy&sid=0&o_symb=dxy&x=45&y=15
White bright death star flames out over America!! Moon shot to oblivion!! EURO! The bow breaking on the world wide TITanic paper ponzi implosion! Taking refuge in the stern as it breaks apart is no financial life preserver! All paper is chit and backed by thin air promises returning to it intrinsic value! Zerooooooooooooo!
Strange how all this is going on while the CONgress is debating putting some teeth in the Financial FRAUDULENT Reform bill.
Let's see if the Fed and the banking cartel can get them to roll over and beg like they did in 2008 with the bailout bill. Stupid pet tricks anyone? Play dead until it comes alive.
what a coinkydink
Dollar from reserve currency to one world currency?
Backed by convertibility to oil, gold.
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