You're now on the archive server. Commenting has been disabled.
Time for some Swiss retaliation: rumors of CHF dumpage tomorrow.
Hmm, equities aren't skyrocketing with trounced DXY.
Lot's on non confirmations in the markets today. Gold muted as well. Looks like it's time to roll out their latest and greatest thermonuclear bomb.
Gold is not "muted". Gold is being "manipulated" by the bullion banks, basically two: Goldman & JP Morgan. The latest Bank Participation Report and COT Reports show that they are shorting against all longs.
While the U.S. Goobermint/Federal Reserve is destroying the currency, they are attempting to BURN THE LIFEBOATS!
Tungsten filled "good delivery" bars! HAHAHAHAHAHAHA!!!
I am Chumbawamba.
Was there ever any evidence of that? Thats a HUGE claim that I didnt hear anything about afterwards? Any gold bugs here keeping up on that story?
If you followed my comments on ZH over the months you will be aware that I fully agree with you that Gold is manipulated. I was simply trying to show non confirmation of many sectors.
If Gold wasn't manipulated I believe it would be over $2000 today based upon the near death experience the world went through and the revolving currency devaluations the world is engaged in, to name just two reasons.
Rising commodity prices are a direct tax on consumer spending, that and the fact that equities have priced in $75 operating earnings for next year, means the silly dollar/equity correlation can't go on forever.
The central bank generated inflation is the "tax" ... rising commodity prices are the result.
All aboard! Next stop 72.
52 on DXY by 2011......
Whoaa - going down faster than MCC on Beaker, - or is it the other way round? - Rahmp up the printing presses!
beaker definitely pitching
The other way round..
Made me chuckle....... :-)
I just called one of our Senators. This is an embarassment. Way to go, Ben.
this is all matt drudge's doing i'm sure
I read that this morning.
Why does every photo of Matt look like he's taking it up the ass? Oh wait, he probably is.
For Tyler and the deflationistas - check this out:
UK 50-Year gilt auction today, longest maturity of any European government this year.... yielding a where's-your-inflation: 4.179%
Those lending money for 50 years at 4.179% are brain dead, especially so given that governments around the world are abusing their currencies via the printing press.
I am the only one with the feeling that something big is about to happen?
Sadly enough, I have no idea what it is.
Well, we could be one step closer to a global currency other than the dollar. Another possibility, is that Yeshua will make a sudden appearance.
You and every other Anonymous.
No, you're not the only one. I said the same thing to my broker just 15 minutes ago.
The economic, financial, geopolitical and military strains worldwide are unprecedented in my near 60-year lifetime. Compound that with the power, complexity and potential vulnerability of technology. It's a very volatile mix.
Oil going through the roof, thanks Ben! $10 per gallon gas ain't gonna do wonders for the recovery, Professor.
He's an academic, he's used to walking to work. He's just trying to impose the Bernanke diet on the US - walking from the suburbs to the cities to work will do wonders for America's overweight condition. Also, now that everyone will have to walk a few hours each way, those with jobs will not be able to work the full 8 hours, so that the remaining 20% of the population can be hired to fill in. So yes, the way he sees it, 10 dollar gas can do wonders!
For all you Puff the Magic Dragon fans, start singing this one for a nasty earworm
Bucky the lonely dollar
Drowned in the sea
He was massacred
and mutilated by
Ben Ber nan an key
You just KNOW a post is going to be good when it starts out with "For all you Puff the Magic Dragon fans..."
i don't know why that made me laugh out loud...hahahaha
They put up a poster saying we earn more than you!When we're working for the clampdown
UK housing prices at record high I hear....WTF is wrong with us. (duh)
Now you can frontrun the administration policies on multiple 'fronts':
Chad Johnson's (Ocho Cinco) grill must be worth 25k+ with gold closing in on 1100
The white house is loaded with euro's. They switched over the first week of march, so why would care?
This low dollar must be making the counterfeiters furious.
Now they will just have to print more.
All be dammed.
And who knows that it is not BOE who bought those 50 years gild?remeber everything that takes place here and there are exactly the same...
Totally sick environment. Regarding gold, my 2 cents are that the proof of eating is in the pudding. we are 2 months away from the December expiration and they can pull all the stunts they will, but it will come down to the final 1-2 weeks. If there is heavy volume we get a repeat of September, ie cash settle as reported by Kirby, with a fat premium. Let them manipulate it lower, it will only multiply the pain later.
tyler, that's what Obama needs encouragement to make a statement/speech.....
What is going on here? What is the end game here for Buck Bustin Ben?
I actually hope it collapses and the whole country falls into chaos. It's the only way these bastards (congress) will wake up. Let the dollar go to 40, the entire system will collapse under capital outflows and we can take to the streets with pitchforks and shotguns.
pity the poor Bucky, everyone hates him. even technicals hate Bucky now. bye bye Bucky, see ya at 72
What does the fibonacci chart tell us?
Look for a war to start very soon to redirect everyone's attention away from the dollar. The U.S. and Israel began a massive joint military exercise today known as Juniper Cobra.
Oddly, the Juniper is a desert plant often used for shelter. Somehow, I think the military exercise will provide shelter in the form of incendiary shells raining down.
Biggest military operation in Israels history... Hmmm
From Press TV: The latest salvo in the foreign-money upstart revolt. Latin America plans USD replacement.
Of interest to me in this is that it is to be in 'non-paper form' (any guesses as to what that might be?) and it is spearheaded by Venezuela.
Sat, 17 Oct 2009 16:13:51 GMT
Leftist Latin American leaders have agreed on using a new intra- regional trading currency, dubbed as Sucre, instead of the US dollar.
Bolivian President Evo Morales, who hosted leaders of the Bolivarian Alternative for Latin America and the Caribbean (ALBA), said that the “document is approved.”
During the seventh ALBA summit, the leaders agreed on the currency reform as well as approving plans to impose economic sanctions against the coup leaders in Honduras, AFP reported.
The currency, Sucre, is named after Jose Antonio de Sucre who fought for Spain's independence alongside Venezuelan hero Simon Bolivar in the early 19th century.
Sucre is scheduled to be rolled out in 2010 in a non-paper form.
The nine members of ALBA, conceived by Venezuelan President Hugo Chavez, are Cuba, Dominica, Venezuela, Ecuador, Nicaragua, Honduras, Saint Vincent and Antigua, Bolivia and Barbuda.
The bloc also agreed to replace the International Center for Settlement of Investment Disputes, which is in charge of arbitrating international disputes and has probed a large number of contract disputes between Western energy firms and members of ALBA.
ALBA, which has already lost many of its members, including Ecuador, is echoing the moves of the European Union and its introduction of euro."
"Sucre is scheduled to be rolled out in 2010 in a non-paper form."
Does this mean the currency will be gold and silver, or base metals? Or electronic digits like 90% of USDs?
Bolivia's new non-paper currency, that would be cocaine wouldn't it?
no reason it shouldn't be, on a regional scale
"Sucre" is pronounced "Sucker".
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
Notice on Racial Discrimination.