• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Central Banks Favour Gold and AAA Rated Government Debt – Reserve Currencies of EUR and USD Questioned

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Wed, 04/13/2011 - 08:13 | 1164602 topcallingtroll
topcallingtroll's picture

I CANNOT BELIEVE THIS!

The two day bear market is already over.

Time to buy back in and protect my lousy 3 percent market timing gains

Wed, 04/13/2011 - 08:16 | 1164611 Cdad
Cdad's picture

Ummmm....yeah, I'd be careful there, chief, with the "all clear" on the commodities today.  Yesterday's dislocation was massive.  I doubt everyone who wanted out is out yet.

I'm with you on wanting to haul them back into inventory...but the last two days in this group were pretty historic.  Just sayin'.

Wed, 04/13/2011 - 08:15 | 1164612 cossack55
cossack55's picture

Of course. GOD will be addressing the world this PM.  All is good. Worship at the alter of the Teleprompter-in-Chief.

Wed, 04/13/2011 - 08:38 | 1164651 Twindrives
Twindrives's picture

Intense vacation and golf schedules are wearing on Barry.  He looks haggard.  Michelle needs to massage some Shinola into his scalp to hide that gray.  

Wed, 04/13/2011 - 08:45 | 1164663 augie
augie's picture

I dare say its time to break out the soul glow.

Wed, 04/13/2011 - 08:32 | 1164641 Ray1968
Ray1968's picture

I'm holding my puts until Friday's expiration. Probably just stupidity on my part.

Wed, 04/13/2011 - 08:33 | 1164646 topcallingtroll
topcallingtroll's picture

Ok i am sticking with oog cdad and ray on this. I will fuck up if i trade too much.

Wed, 04/13/2011 - 08:18 | 1164613 trav7777
trav7777's picture

if you were a CB, what's holding your notes up?  The dollar?  lol.  If shit gets serious, you have to really consider having something, anything, with which to back yourself.

The notion of selling into the markets is on pause indefinitely.

Wed, 04/13/2011 - 08:43 | 1164654 Infinite QE
Infinite QE's picture

Indeed. When CB's have to settle with each other via the BIS, they do it in gold. Not paper as these rascals know the game and the value is not retained in paper.

Wed, 04/13/2011 - 08:51 | 1164674 Infinite QE
Infinite QE's picture

Indeed. When CB's have to settle with each other via the BIS, they do it in gold. Not paper as these rascals know the game and the value is not retained in paper.

Wed, 04/13/2011 - 09:23 | 1164781 Scarlo
Scarlo's picture

Paper is for trading, not hoarding in bank vaults. Freegold...

Wed, 04/13/2011 - 08:24 | 1164635 writingsonthewall
writingsonthewall's picture

"Traditionally, government bonds have been termed 'risk-free' assets but the euro zone situation has made some of us change our understanding of that,"

 

Who was this idiot? I mean seriously what a total tit.

before 1998 there was an unwritten rule that "no nuclear nation will ever default" - and then the Russians did.

Do these fools not learn to make such absurd rules? - clearly not it seems.....

Wed, 04/13/2011 - 12:45 | 1165617 Bubbles the cat (not verified)
Bubbles the cat's picture

"Who was this idiot?....."

Could be my fund manager.

Wed, 04/13/2011 - 08:33 | 1164647 Terminus C
Terminus C's picture

Is it me, or is there not a major contradiction here?

Gold, investment grade corporate bonds and AAA-rated bonds were the three assets that reserve managers saw as more attractive than the year before.

Over 70 percent of the managers surveyed said central banks were likely to remain net buyers of gold given the level of uncertainty about sovereign debt.

Wed, 04/13/2011 - 10:32 | 1165029 Hugh_Jorgan
Hugh_Jorgan's picture

I was asking the same thing as I read the headline for this piece. What the hell is out there that has a AAA rating, that is not a US or European T-bill?

I know crap about the bond market, I guess it it time to go find out...

Wed, 04/13/2011 - 08:41 | 1164653 White.Star.Line
White.Star.Line's picture

There are still a few "upper deck" passenger cabins available for purchase, but as always the White Star Line only accepts gold and silver for these tickets. We do have a few "lower berth" dormitory-style rooms available for fiat purchases. Do note, these tickets are not insurable.

Wed, 04/13/2011 - 08:47 | 1164669 Sean7k
Sean7k's picture

The cumulative reserves of the world's central banks is 3.5 trillion?  Over a quadrillion in deriviatives, sovereign debt of astronomical amounts and that is the total reserve? 

This system is so far gone- we are living in fantasy economics now. The school of prop, burn,churn and turn. Without the current safety net of food stamps and welfare, we are a carbon copy of the Weimar republic in 1921.

People playing the market and gaming currencies for any real gains as a tiny percentage profit from the speculation. The rest are at various levels of starvation and wealth losses. More and more tax schemes and more and more citizens finding ways to diminish their tax payments.

The only difference is now, it's global. The banksters came out pretty good that time too.

Wed, 04/13/2011 - 08:50 | 1164676 Bicycle Repairman
Bicycle Repairman's picture

So CB's are buying gold, but Goldman and the gold trolls say I should sell my gold and silver?  F--- that.

Wed, 04/13/2011 - 08:59 | 1164703 celticgold
celticgold's picture

again

Wed, 04/13/2011 - 09:02 | 1164707 SamuelMaverick
SamuelMaverick's picture

Fellow ZHers, I decided to do some market research...  I put some 100 tr. oz. Englehard silver bars up for sale at spot price no premium on craigslist. If we were in a bubble or mania phase I figured I would get a shitload of calls.  So far all I have had was one response from an idiot who wanted to trade an ipod, an xbox and $500 in exchange for a $4000 bar of silver. No other calls, no inquiries, all I have heard is crickets chirping.  Bubble my ass.   BTFD.    Yours, Maverick

Wed, 04/13/2011 - 12:36 | 1165559 knowless
knowless's picture

For real, it's like if you post an ad for a part time baker(or similiar) that pays a reasonable wage, when I did this around 2009 I got about 400-700 people(probably more, after a while I stopped checking).. not sure what it would look like today.

Wed, 04/13/2011 - 14:58 | 1166296 pirea
pirea's picture

double

Wed, 04/13/2011 - 14:57 | 1166298 pirea
pirea's picture

Serious people do not look to buy PM on craiglist.

Your conclusion is misleading.

Try something else.

Fri, 04/15/2011 - 02:47 | 1171577 angela03
angela03's picture

 Of course it may be that most people don't relish buying their PM's off of Craigslist. Your advertisement surely struck many as a scam not worthy of attention. 

Wed, 04/13/2011 - 09:03 | 1164715 Infinite QE
Infinite QE's picture

I am shocked however that the CB's have not been loading the boat with LULU and TZOO stocks as the `luminaries' here have been shilling as storehouses of wealth.

Wed, 04/13/2011 - 09:25 | 1164798 HedgeFundLIVE
HedgeFundLIVE's picture

yesterday was just the beginning of the correction upon us!: http://www.hedgefundlive.com/blog/wednesday-market-expectation-41311-today-is-just-the-beginning

Wed, 04/13/2011 - 09:34 | 1164824 savagegoose
savagegoose's picture

i think SDR's are held by a LOT OF COUNTRIES

http://www.imf.org/external/country/index.htm

 

click posistion in the fund

Wed, 04/13/2011 - 12:36 | 1165577 jmc8888
jmc8888's picture

Tell the IMF that the bankster debt lacks credibility. 

No austerity for fraud.

Glass-Steagall

 

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