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Carry Bloodbath Resumes With Full Blown Liquidations Imminent

Tyler Durden's picture





 

After earlier we saw the decimation of the European currency, it is now Asia's turn where an impressive bloodbath is now raging. The AUDUSD is in freefall, having moved a massive 300 pips from yesterday's high to today's low. At under 50 pips from 0.855, the AUDUSD will likely breach 0.85 at which point the destruction at carry desks will become an epidemic, and full liquidations will soon ensue, coupled with billion dollar margin calls, forcing global asset liquidations at bulge brackets. With the carry collapse pervasive, don't look to futures to stage any miraculous Fed-inspired ramps tonight: Germany may have well called the Fed's bluff.

 


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Tue, 05/18/2010 - 21:24 | Link to Comment Hx3
Hx3's picture

Smokin'!

Tue, 05/18/2010 - 21:24 | Link to Comment M31Capital
M31Capital's picture

USDJPY to retest Flash Crash lows.

Tue, 05/18/2010 - 21:27 | Link to Comment HFT1
HFT1's picture

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.

Tue, 05/18/2010 - 21:27 | Link to Comment Nigaz
Nigaz's picture

Ah, don't sell the Fed so short just yet...

Tue, 05/18/2010 - 21:27 | Link to Comment Crime of the Century
Crime of the Century's picture

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...

Tue, 05/18/2010 - 21:28 | Link to Comment johngaltfla
johngaltfla's picture

No way?! I've got to check that out.-:)

Tue, 05/18/2010 - 21:28 | Link to Comment Hx3
Hx3's picture

+1

Tue, 05/18/2010 - 21:33 | Link to Comment Simon Jester
Simon Jester's picture

+2

Tue, 05/18/2010 - 21:37 | Link to Comment Mad Max
Mad Max's picture

Too funny.  I can't find him arguing with himself, but your description was good for some laughs.

Wed, 05/19/2010 - 09:58 | Link to Comment Attitude_Check
Attitude_Check's picture

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.

Wed, 05/19/2010 - 10:06 | Link to Comment Attitude_Check
Attitude_Check's picture

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.

Wed, 05/19/2010 - 10:37 | Link to Comment Attitude_Check
Attitude_Check's picture

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.

Tue, 05/18/2010 - 21:42 | Link to Comment molecool
molecool's picture

Scanners - snort!!! :-))

Tue, 05/18/2010 - 23:24 | Link to Comment Hephasteus
Hephasteus's picture

Psychotic Breaks. They aren't pretty.

Tue, 05/18/2010 - 21:27 | Link to Comment johngaltfla
johngaltfla's picture

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...

Tue, 05/18/2010 - 21:31 | Link to Comment Nigaz
Nigaz's picture

Hong Kong even dumping gold tonight.

(also, would have expected a screen of $67 crude somewhere here already)

Tue, 05/18/2010 - 21:40 | Link to Comment Rusty_Shackleford
Rusty_Shackleford's picture

Be nimble boys. 

This may be the last chance to get some physical gold on the cheap.

Tue, 05/18/2010 - 21:44 | Link to Comment molecool
molecool's picture

Only 97% gold longs out there - sure - let's go for 99%.

Tue, 05/18/2010 - 21:44 | Link to Comment johngaltfla
johngaltfla's picture

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.

Tue, 05/18/2010 - 21:55 | Link to Comment moneymutt
moneymutt's picture

agreed, CBers will crush anything people are using to retain a tidbit of wealth...

Tue, 05/18/2010 - 22:01 | Link to Comment Rusty_Shackleford
Rusty_Shackleford's picture

Hell.  I'm hoping for under $1000.

Tue, 05/18/2010 - 22:26 | Link to Comment johngaltfla
johngaltfla's picture

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.

Tue, 05/18/2010 - 22:40 | Link to Comment Rusty_Shackleford
Rusty_Shackleford's picture

Yeah, you're probably right.  You never know though. 

 

Once chaos is unleashed...

Tue, 05/18/2010 - 23:03 | Link to Comment Double down
Double down's picture

Noticed that, yesterday I apparently made something out of nothing  

Tue, 05/18/2010 - 22:32 | Link to Comment jdrose1985
jdrose1985's picture

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...

 

 

Tue, 05/18/2010 - 23:26 | Link to Comment Hephasteus
Hephasteus's picture

Hope and $1214 will get you an ounce of gold.

Tue, 05/18/2010 - 22:25 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

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.

Tue, 05/18/2010 - 23:06 | Link to Comment Double down
Double down's picture

Methinks a grassy knoll is around the corner for some of these people.  Long befoe we break someone important will.  

Wed, 05/19/2010 - 00:41 | Link to Comment itchy166
itchy166's picture

+1

Wed, 05/19/2010 - 07:53 | Link to Comment tip e. canoe
tip e. canoe's picture

"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.

Wed, 05/19/2010 - 00:31 | Link to Comment Willzyx
Willzyx's picture

Yup, hammer the gold right before the options expire.  Same old, same old

Tue, 05/18/2010 - 22:44 | Link to Comment Itsalie
Itsalie's picture

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).

Tue, 05/18/2010 - 23:56 | Link to Comment Cursive
Cursive's picture

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.

Tue, 05/18/2010 - 21:29 | Link to Comment mephisto
mephisto's picture

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.

Tue, 05/18/2010 - 21:43 | Link to Comment Rusty_Shackleford
Rusty_Shackleford's picture

Oh didn't you hear? 

The exchange you purchased the lifeboat futures from has elected for cash settlement. 

Here's your cash. 

Good Luck. 

Damn that water looks cold.

Tue, 05/18/2010 - 22:25 | Link to Comment snowball777
snowball777's picture

And deep too. ;)

(apologies to anyone who doesn't know the joke that goes with this punchline)

Tue, 05/18/2010 - 22:52 | Link to Comment Rusty_Shackleford
Rusty_Shackleford's picture

Richard Pryor

R.I.P.

Tue, 05/18/2010 - 22:30 | Link to Comment mikla
mikla's picture

+1 HAHAHAHAHAHAAAAA!

That's some funny stuff there, I don't care who you are.

Tue, 05/18/2010 - 23:18 | Link to Comment Apocalypse Now
Apocalypse Now's picture

Rusty, that's some great material there.  You should be writing for the Daily Show.

Sun, 05/23/2010 - 16:19 | Link to Comment Rusty_Shackleford
Rusty_Shackleford's picture

Thanks man.  I love your stuff too.

Tue, 05/18/2010 - 21:30 | Link to Comment Psquared
Psquared's picture

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.

Tue, 05/18/2010 - 21:34 | Link to Comment Nigaz
Nigaz's picture

JPY

Tue, 05/18/2010 - 21:35 | Link to Comment HFT1
HFT1's picture

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....

Tue, 05/18/2010 - 23:08 | Link to Comment Double down
Double down's picture

SHIT did not even think about that?  Maybe the print is just the latest ASK? 

Tue, 05/18/2010 - 21:31 | Link to Comment Sad Sufi
Sad Sufi's picture

Does this mean my real estate is going down?

Unemployment high, available money low.

Have I go a mortgage for you!

Tue, 05/18/2010 - 21:31 | Link to Comment buzlightening
buzlightening's picture

 

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!

 

Tue, 05/18/2010 - 21:35 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

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.

http://www.youtube.com/watch?v=DalB-CvO7Qc

Tue, 05/18/2010 - 22:25 | Link to Comment tip e. canoe
tip e. canoe's picture

what a coinkydink

Tue, 05/18/2010 - 21:35 | Link to Comment Alienated Serf
Alienated Serf's picture

Dollar from reserve currency to one world currency?

Tue, 05/18/2010 - 22:34 | Link to Comment jdrose1985
jdrose1985's picture

+1

Backed by convertibility to oil, gold.

Wed, 05/19/2010 - 01:25 | Link to Comment Bonesetter Brown
Bonesetter Brown's picture

Yes.  Not explicit, but de facto.  That's where we are headed next.

Tue, 05/18/2010 - 21:38 | Link to Comment john_connor
john_connor's picture

Risk being sold everywhere.  Nowhere to run, nowhere to hide.

Tue, 05/18/2010 - 21:38 | Link to Comment Privatus
Privatus's picture

It's only money. Wait a 'sec. No it's not...

Tue, 05/18/2010 - 21:40 | Link to Comment Bigdaddydvo
Bigdaddydvo's picture

wow, sick chart dude.

Tue, 05/18/2010 - 21:40 | Link to Comment HFT1
HFT1's picture

For all you Gold bugs the Comex will settle in paper, just a prediction you get paper and no physical. A gun will be more valuable than silver and gold. I am trying to make sure I have more beer and bullets than you, lol.

Tue, 05/18/2010 - 21:43 | Link to Comment Turd Ferguson
Turd Ferguson's picture

Don't forget a safe, a generator and lots of MREs.

Tue, 05/18/2010 - 21:53 | Link to Comment papaswamp
papaswamp's picture

generators make noise and require fuel....I recommend solar and wind. Or get a still and run the gen on alcohol...drink the excess.

Tue, 05/18/2010 - 22:06 | Link to Comment moneymutt
moneymutt's picture

had some friends stay in NH when they got that horrible ice storm...they said most people fled their houses, but people that stayed and had generators were reall obvious, lights on in complete darkness...and people stole their generators WHILE they wer running and while they were in their houses by swapping the generator for a old, running lawn mower...and rural NH not exactly a hot bed of anarchy, crime and corruption ordinarily...

Tue, 05/18/2010 - 22:25 | Link to Comment RobD
RobD's picture

Generator noise is definitely a problem if you are near a road but light is the real enemy. Therefore you must insure no light is visible from outside your home. Black plastic and duct tape should do the trick. Also in a SHTF situation you really should post an armed guard 24/7.

Tue, 05/18/2010 - 22:28 | Link to Comment tip e. canoe
tip e. canoe's picture

human beings survived oh about 8,000 years without electricity.  even in NH.  even in the winter.  has humanity really got that soft in the last 100?

Tue, 05/18/2010 - 22:56 | Link to Comment Hulk
Hulk's picture

Yes. When power outages hit in cold weather, folks have to bug out to relatives with power and motels due to no heat.. We are very dependent on electricity now...

Wed, 05/19/2010 - 08:04 | Link to Comment tip e. canoe
tip e. canoe's picture

tesla's chuckling in his grave i'm sure

Tue, 05/18/2010 - 23:07 | Link to Comment glenlloyd
glenlloyd's picture

yes, yes we have. key question is whether anyone can toughen up in short order. I've been testing oil lighting and minimal heat for two years now and can do it. also plan on installing a good fireplace insert this summer just in case.

electricity is the tough one, but I've been toying with rooftop power generation and will make a decision this summer.

Wed, 05/19/2010 - 08:01 | Link to Comment tip e. canoe
tip e. canoe's picture

glen, been playing around with DIY solar and one thing you'll discover toots sweet the absolute necessity to/ reduce your electricity consumption to manageable levels.   it's easy though, you'll see how much we all waste without even realizing it.   DC is fun to play around with though.  you'll get a kick when you figure out how to power your laptop from the sun so you can fudge around on ZH without an ounce of deeply suppressed guilt.

Tue, 05/18/2010 - 22:36 | Link to Comment Bringin It
Bringin It's picture

Do what I do.  Go to sleep when the sun goes down.  Wake up at dawn.

Electricity is over rated.

Tue, 05/18/2010 - 23:19 | Link to Comment merehuman
merehuman's picture

Bringin it, you set a good tone. Less is good.

Todays people are extremely spoiled while totally unaware of it and of course, wanting more.

Fri, 05/21/2010 - 04:30 | Link to Comment Bringin It
Bringin It's picture

MH - I worked hard to raise my family and when that was on rails, including topped-off college funds for 3 children, a selection of fine vehicles, etc.  I found material attachment to be unfullfilling.  I could see around me that the wealthy people were not happier people, in fact often petty and neurotic.

Then 9/11 happened and the lies and hypocricy drove me to get out and find a better way.  'Walden Pond' was a guide.

I like Oregon when the weather's good.

Tue, 05/18/2010 - 23:11 | Link to Comment Double down
Double down's picture

Paid in Maples?

Tue, 05/18/2010 - 22:41 | Link to Comment Busy-Body
Busy-Body's picture

There are solar-powered generators available at Lowe's/Home Depot......

Tue, 05/18/2010 - 21:47 | Link to Comment zero intelligence
zero intelligence's picture

I think all these people who say "buy guns and food not gold!" don't have enough money to buy guns, food AND gold.

People who buy gold bought guns and food years ago.

 

Tue, 05/18/2010 - 21:56 | Link to Comment I Am Not a Copp...
I Am Not a Copper Top's picture

Exactly right... +1

Tue, 05/18/2010 - 22:08 | Link to Comment HFT1
HFT1's picture

I say buy guns and ammo or else how will you keep your gold? I assure you my clients know to have physical and plenty of AMMO. 40,000 rounds and a garden will go a long way because the grocery store does not accept gold or silver, solar would be nice too. I just hope and pray it never comes to that but who knows. Good Luck to everyone. Turbo Tim to the rescue! Futures are off the lows!

Tue, 05/18/2010 - 23:15 | Link to Comment trav7777
trav7777's picture

40,000 rounds?!?  WTF...this is insane.

You'll get through 4 of them before the zombies get you

Tue, 05/18/2010 - 23:50 | Link to Comment Canucklehead
Canucklehead's picture

Remember, in WWII POW camps the currency was cigarettes.  If the SHTF, ammo will be the currency of choice.  Nobody wants to rob a guy who is carrying alot of ammo.

Wed, 05/19/2010 - 00:26 | Link to Comment faustian bargain
faustian bargain's picture

The zombies will go shopping somewhere else when the first gunshot goes off. Much easier to eat brains when you know they're not going to shoot at you.

Tue, 05/18/2010 - 21:42 | Link to Comment Turd Ferguson
Turd Ferguson's picture

So dump gold, too, because of liquidity squeeze?

I don't buy it. I see more opportunistic price-capping by the bullion banks, desperately trying to hold the line on the fake "resistance" they've set up at 1245-1250.

Tue, 05/18/2010 - 23:20 | Link to Comment Rusty_Shackleford
Rusty_Shackleford's picture

Bingo. 

 

Gold needs to be made "unattractive" as an escape route.

 

"Well what do you know?  We just hit an iceberg and the price for lifeboat seats are dropping like a stone.  I better hold off on purchasing one."

Tue, 05/18/2010 - 21:42 | Link to Comment silvertrain
silvertrain's picture

  Isnt turbo timmy in china now trying to get them to play fair by letting us companies jobs?

Tue, 05/18/2010 - 21:44 | Link to Comment SDRII
SDRII's picture

If Larry Summers thought he had a problem with the Germans then....

http://news.goldseek.com/GoldSeek/1244050251.php

 

It was touted as an "all access" day in the life of the President but at 7:15 minutes into Part 1 Larry Summers and a man who I believe is Austan Goolsbee come into the Oval Office for a call with "the Germans".  Summers is obviously on edge and shuts down the cameras when he begins to discuss the problem.

Summers: "Life has changed..ahh..since the briefing…ahh”

Obama: "For the better or for the worse?"

Goolsbee: "Net-net for the better…wouldn’t you say Larry?" (Goolsbee speaks loudly and unconvincingly for the cameras.)
 
Summers: “(nervous laugh)..there’s elements of both. The Germans...actually we should stop (the cameras) here."

The cameras and staff are quickly “ushered out” of the Oval Office.

 

Tue, 05/18/2010 - 21:56 | Link to Comment Rusty_Shackleford
Rusty_Shackleford's picture

Thanks for the link.  History in the making.  Damn.

 

(The msnbc video is nausea inducing.  I don't think they have any idea what they're all dealing with.)

Tue, 05/18/2010 - 22:03 | Link to Comment FischerBlack
FischerBlack's picture

Great find. Does anyone know what day that was filmed? That would be very intresting to walk back.

Tue, 05/18/2010 - 22:36 | Link to Comment fuu
fuu's picture

June 2, 2009 it looks like.

Tue, 05/18/2010 - 22:59 | Link to Comment Rusty_Shackleford
Rusty_Shackleford's picture

Well that changes everything.  I thought it was from yesterday.  I need to start looking at dates a little closer.

 

Not quite so pertinent now.

Wed, 05/19/2010 - 00:47 | Link to Comment brushfire
brushfire's picture

its from 5/29/09

Tue, 05/18/2010 - 22:09 | Link to Comment GIANTKILR
GIANTKILR's picture

The Germans know what they are doing:

Blitzkrieg (German, "lightning war"; listen (help·info)) is an anglicized word describing all-mechanized force concentration of tanks, infantry, artillery and air power, concentrating overwhelming force and rapid speed to break through enemy lines, and once the latter is broken, proceeding without regard to its flank.

Just think of this in finacial terms instead of military.

Tue, 05/18/2010 - 22:11 | Link to Comment Segestan
Segestan's picture

I guess the Germans don't want to be the lap-dog for Europes failed socialist. Will be interesting to see how Germany comes out on this.

Tue, 05/18/2010 - 22:43 | Link to Comment TonyV
TonyV's picture

No, they just love their own brand of successful socialism

Tue, 05/18/2010 - 23:09 | Link to Comment Rusty Shorts
Rusty Shorts's picture

-

Tue, 05/18/2010 - 23:26 | Link to Comment merehuman
merehuman's picture

to be sure that was june 09. I bet the germans still dont have their gold.

Tue, 05/18/2010 - 23:45 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Summers on GM, "We, uhh, have some, uhh, things to uhh, work on this weekend."  Barry, Michelle, Bernanke, and Summers say "uhh" so much it amazes me.  How can anyone say they are smart?  Average intelligence at best for these oligarchs!

And now I know why! The M&Ms give them all ADD!

Tue, 05/18/2010 - 21:45 | Link to Comment spinone
spinone's picture

Never bet against the FED

Tue, 05/18/2010 - 21:50 | Link to Comment SDRII
SDRII's picture

you left of snark

Tue, 05/18/2010 - 22:05 | Link to Comment homersimpson
homersimpson's picture

Sorry - already did. I will always bet against mass-produced green toilet paper...

Tue, 05/18/2010 - 21:48 | Link to Comment jkruffin
jkruffin's picture

One thing for sure, they are going to crash silver again, bet on it.

Tue, 05/18/2010 - 22:10 | Link to Comment moneymutt
moneymutt's picture

lack of industrial demand for silver will help it down...have some "junk" silver coin bags as a little nest egg in a pinch

Tue, 05/18/2010 - 21:50 | Link to Comment SteveNYC
SteveNYC's picture

Giving up on short/long equities has been the best move I've made. 2xshort commodities (DJ/UBS Index), Long 7-10yr Treas (IEF), long USDAUD, starting to SMOKE!!

Tue, 05/18/2010 - 21:51 | Link to Comment FischerBlack
FischerBlack's picture

Buy, buy, buy, J -- P -- Y.

 

 

Tue, 05/18/2010 - 21:52 | Link to Comment AccreditedEYE
AccreditedEYE's picture

I am salivating!!! Good God, at last some real wind in the sails...

Tue, 05/18/2010 - 21:55 | Link to Comment nicktd
nicktd's picture

Berneke is gasing up his heliocoptor for a long trip to europe! Dollars for everyone! Wild card has been delt. Do think its only a matter of time before berneke buys foreign bonds, maybe when QE2 or 3 is annouced. Also a move like this cannot be stopped by the new Cornyn admendment that recently passed. Riots? sure, but not enough to stop this type of act.

Tue, 05/18/2010 - 23:22 | Link to Comment Double down
Double down's picture

Kinda makes sense, cannot have other currencies devalue faster than his own

Tue, 05/18/2010 - 22:01 | Link to Comment buzlightening
buzlightening's picture

 

How many life boats left?  I think the gold/silver bullion, food; guns & ammo crowd shoved off long ago!!  Remaining life boats sink from panic!! Financial TITanic!!!

 

Tue, 05/18/2010 - 22:01 | Link to Comment geminiRX
geminiRX's picture

Asian equity markets are not down all that much this evening? Is this a zero-order kinetic reaction?

Tue, 05/18/2010 - 22:03 | Link to Comment Cleanclog
Cleanclog's picture

This could also create a short term serious downdraft in gold as  carry trades and sovereign bond positions are liquidated and margin calls are made.  When rest of markets clog up, gold still has more liquidity - though counter party exposure risk will also be increasingly in play.  

It could all jamb up. 

I don't think we'll hear "bank holiday" - I hope not.

Tue, 05/18/2010 - 22:10 | Link to Comment lsbumblebee
lsbumblebee's picture

Check it out. Looks like the Cartel's narcotics division in Hong Kong would like to get in a little naked short selling of gold just for old time's sake.

Tue, 05/18/2010 - 22:27 | Link to Comment Mitchman
Mitchman's picture

Well,  their German branch probably can't.

Tue, 05/18/2010 - 22:16 | Link to Comment Instant Karma
Instant Karma's picture

Things get interesting when the margin calls hit.

Tue, 05/18/2010 - 22:16 | Link to Comment buzlightening
buzlightening's picture

Who cares what gold/silver sell for on the paper ponzi crimex!!  What difference does it make if you cannot get a real monetary store of value for all the fiat printed chit offered in exchange for physical!!!?????!   All paper is chit, fraud;  backed by thin air promises of skankster wankster gangster bankster international  goons!  Truth self evident!!  Watch!!  Soon no paper chit fiat exchanged for any amount of worthless paper ponzi fraudster goon thin air promises!!

Tue, 05/18/2010 - 23:33 | Link to Comment merehuman
merehuman's picture

buzlightening, i hear your anger. Dont let it eat you. Do something nice to get even.  Toast a banker! lol

Tue, 05/18/2010 - 22:35 | Link to Comment homersimpson
homersimpson's picture

Attack on gold. A lot of "complaints" about Goldline have to do with a bunch of whiners who say that Goldline charged them "too much" for their gold and didn't get the return they expected. Meanwhile - it's kinda funny. Given the date of these various complaints, if they would've held on to their gold, they'd be wayyyy up right now.

http://www.ripoffreport.com/investment-brokers/goldline-internation/gold...

Regardless - anything from Beck or Palin always gives a rise to the 'Crats. The sad part is, if they spent the same energy tackling the budget like they did Palin/Beck, we'd have a surplus by now.

Long live Gold - and Weiner - quit yer' whinin'.

Tue, 05/18/2010 - 22:37 | Link to Comment Turd Ferguson
Turd Ferguson's picture

This is simply another bullshit, McCarthy-esque attack.

Pathetic display of censorship by the ruling elites. Beck is never questioned on the facts he gives. He is, instead, lampooned and ridiculed as a lunatic. Since that tactic has not prevailed, the government has decided to silence him by attacking his sponsors. Where is the outrage? Your 1st Amendment rights are being trampled while you wallow in your narcissistic stupor. Oh well, fuck it all, anyway. We're going to get our corporatist fascism whether I like it or not so who gives a shit.  

Wed, 05/19/2010 - 04:40 | Link to Comment cossack55
cossack55's picture

You are so right.  Screw the Constitutuion.  Anyone with a brain endorses the Articles of Confederation and screw the Feds too.

Wed, 05/19/2010 - 07:41 | Link to Comment snowball777
snowball777's picture

The fact that every other gold exchange (APMEX, Kitco, etc) post their PRICES relative to spot in realtime and Goldline has a "Call 1-877-...." instead is a CLUE. They could very well be using hard sells and fear-mongering to get way more than your average $25-$30/oz over spot.

 

I would avoid these assholes as if they have ebola.

Tue, 05/18/2010 - 22:21 | Link to Comment RobotTrader
RobotTrader's picture

Just remember....

We have 3 days in a row with a -1400 tick reading

The 5-day ARMS has been over 7.5 for 4 consecutive days, with today's reading at 8.5.

And the 30-year bond yield sank as low as 4.2% an hour ago...

And the "short euro/long dollar" trade is even more crowded than last year's "short dollar" trade.

When the market reverses, its going to be a doozy....

Just sayin'....

Tue, 05/18/2010 - 22:36 | Link to Comment AccreditedEYE
AccreditedEYE's picture

AND Harry-Johnny Bravo-Wanker is now a Bear... 

Tue, 05/18/2010 - 23:31 | Link to Comment Hephasteus
Hephasteus's picture

After they pass him around for a HFT gang bang they'll let him sell at 1/10th price.

Tue, 05/18/2010 - 23:35 | Link to Comment merehuman
merehuman's picture

LOL .  thanks hep

Wed, 05/19/2010 - 01:00 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Apple is in a bauble.

Wed, 05/19/2010 - 06:27 | Link to Comment weelp
weelp's picture

iBubble coming soon. 

Tue, 05/18/2010 - 22:25 | Link to Comment Mitchman
Mitchman's picture

I would love to know just how much money is propping up the euro tonight?

Tue, 05/18/2010 - 22:30 | Link to Comment buzlightening
buzlightening's picture

Down goes the big red flag! dead head fed goons vaporized by the 3G network!!  Lets blame Germany for WWI & II; why not WWIII as we goose step our way to world rule!!  History repeats and human misery comes upon those who mark their accounting standards to fantasy!!

Tue, 05/18/2010 - 22:35 | Link to Comment abalone
abalone's picture

We've reached the point where your enemy has become your best defence

Tue, 05/18/2010 - 22:51 | Link to Comment homersimpson
homersimpson's picture

Asian markets under attack like Godzilla invading Tokyo..

Tue, 05/18/2010 - 23:13 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Gold and silver ain't goin' anywhere but up.

Euro bucking that weak trend.

Doelarr to die shortly, after the pound and yen and with the Euro being the end one, all currentseas to fail.  Then let us bring in one world currentsea.  The IMF wants your soul.

Wed, 05/19/2010 - 00:45 | Link to Comment Joe Sixpack
Joe Sixpack's picture

For reference, you may want to read this article:

http://www.gold-silver.us/what_silver_gold_buys.html

What Does Silver and Gold Buy?

By John Q. Public

Introduction

 

OK. So you have some silver and gold or you want to buy some [more], and you are wondering- what would I barter it for in a currency collapse scenario? How much would I expect to pay for things? How much would I expect to need to take care of my family? Of course this is a very difficult question, but one thing we can do is to look back to a time where silver and gold were treated as money, and see how much it cost to live. We could then try and see how things have changed since then, and see if we can put that into perspective. This is what I attempt to do in this article...

Wed, 05/19/2010 - 04:50 | Link to Comment abalone
abalone's picture

Fat finger on standby

Do NOT follow this link or you will be banned from the site!