This page has been archived and commenting is disabled.
EURCHF Tumble Continues: 100 pips In Minutes
This is getting serious boys and girls. Not even an hour ago we wrote about the EURCHF taking out the record 1.1801 low. Minutes later, and the pair has now tumbled another 100 pips and just hit 1.1695 without any indication it will stop. Follow this pair for the most liquid indication if the European house of cards will tumble today. And to celebrate the collapse of Europe's ponzi, Intesa Sanpaolo (remember them?) just got halted after tumbling over 6%.
»
- 10163 reads
- Printer-friendly version
- Send to friend
- advertisements -
systemic collapse imminent. must put on underwear.
You might try the new fiat liners...very absorbent.
:D
Paper money. Is there nothing it can't do?
Hold value.
:-)
Create value.
Be eaten.
Make sense, made of cotton and linen just like underwear and you want to protect the more valuable item!
Today is the day for Depends.
http://www.depend.com/special-offers
I stocked up over the weekend.
Those are going to be worth their weight in gold when the shit hits the fan.
Get the ones with extra big load holding strentgh.
you're a connaisseur he?
Just sayin, in the coming days...better go for the heavy duty version.
Ed Norton of "Honeymooners" fame: "I'm a conniesewer and proud of it."
http://en.wikipedia.org/wiki/The_Honeymooners
there is a huge market for 'fluff pulp'....now i know why...
Hi there could I reference some of the insight from this entry if I provide a link back to your site?
------------------------------------------------------
We have created the most unique and exclusive bridal experience to ensure you discover the perfect dresses bridal petticoat|bridal headbands|clutch bags|cheap handbags|bridal lingerie so you not only look beautiful, but feel beautiful for all of life's special moments.
Gravity works in magical ways...
Do people still believe in gravity? I haven't heard a sermon on it in a while.
Just take a picture from when your wife was 18 years old and have a look to her now...
Gravity.... it's a bitch...
we need the "deer in headlights" pic I believe
Yes, I crack up every time I see that pic!
This might be appropriate
http://www.cartoonstock.com/newscartoons/cartoonists/jlv/lowres/jlvn813l...
Switzerland will soon enter deflationary depression.
How will that affect the price of their choclolate bars. They have wonderful choclolate. Their cows are pretty too.
What does that have to do with the price of tea in China?
But I made such wonderful sandwiches Tony...
One can simply sell his kidney and lease it back for tax deduction.
That cesium and strontium were detected in Chinese tea, and not in Swiss cows (so far).
SOVX has been breaking apart. Out 33 bps to 292 today. Liquidity totally gone. Hitting other credit markets. Equities have ignored sovereign debt problems for almost 2 weeks, could be ugly in a hurry.
folks,,, this is a whole new ball game this morning.
major dollar breakout
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s224230059]&disp=P
major euro breakdown
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s218921777]&disp=P
but gold at major resistance and overbought,,, may want to wait a bit
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s162592053]&disp=P
silver forming a nice base for a new move higher but a bit overbought
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3225058&cmd=show[s162812743]&disp=P
Bitcoin down. Specs must need the money to cover their losing swissie shorts.
http://bitcoincharts.com/charts/chart.png?width=889&m=mtgoxUSD&k=&r=2&i=...
Today?
Blimey.
I bought 750 physical Francs back in the early Spring - just to get me through a week or two of a possible currency event - me thinks I should have bought 7500 Francs
Curious...how long was the delivery lag?
My PM delivery lags have widened by > week, and I'm seeing lots of dealers running very short on what they have "in stock."
Mayhem - I'm talking about physical PAPER currencies - the last thing you want to do in a crisis is sell your Gold.
Huh? I'm buying, not selling. I was referring to the lag it takes for the dealers to deliver TO me.
Euro fleeing to perceived safety of (gold-backed) currency, as well as USD. The timing of this is uncanny, as the flight away from tattered Euro and dead PIIGS debt mask the plight of the USD.
Once the debt-ceiling is passed (which will be like a payday for the administration on its way to Atlantic City casinos), the value of the "deal" wil be halved (at best) and the free fall will continue under the guise of (euro) darkness.
I'm not bettor, but if I was I'd say the rubber meets the road when the $500B of maturing T's hits in what, 45 days? Then the sound of twisting metal...
All meant to suppress commodities and support treasuries.
The swiss better be careful, not too far from really pissing people off with this flirting with gold.
The Alps aint the same in the 21th century.
The SVP is backing the initiative - that means "nothing for foreigners" in English.
BLOODBATH.
And EUR/JPY isn't much better, broke the 114 Maginot Line....
:) all the way to the bank. Errr, in my case all the way to my coin dealer. BURN BABY BURN!
Maginot Line lol....RETREAT!!!
You call it bloodbath, I call it time of the month.
I DON'T CARE WHAT SEA WE'RE IN! I'M GOING INTO THE WATER AND TAKE A SWIM!
Nevermind those 20 foot dark outlines circling below....
That are called the mood swings...
They'll bite you in the ass when you take notice and even when you don't take notice...
They come out of nowhere and bite you whitout any logical reason...
You can only chase them away by throwing your credit card to them, something made out of gold with a diamond or if you're lucky with a bouquet of flowers.
THE TRICK IS TO DO YOU BUSINESS IN LESS THEN 20 SECONDS!!
You been hanging out in the "red light" district again?
Wow, what is an investor to do. I guess treasuries are the best investment now. WRONG!
I'm not saying this because of the fairly dramatic intraminute action this am (U.S. time), but I and many have recognized that the euro was doomed from the start (as did many Brits, who decided to hedge accordingly).
How many different kinds of cheeses are there in France alone, and how hard was it to try and hold that place together throughout a history of attempted conquests?
Does anyone or no one agree that the Eurozone is already in a state of economic disintegration, in no small part due to their vastly different cultures and financial condition from nation to nation (Germany v Italy, etc.)?
It's hard enough to arrive at consensus in the U.S. together with the whole Red State/Blue State thing, or Canada together with the whole French/English spat.
The Eurozone is magnitudes and multiples more complex than any other economically integrated area using a common currency that anything the world has ever seen, and it should be fairly obvious that the experiment is inevitably destined for complete failure, no matter how the winding up takes place.
But China is different, them Chinese will save the world!
Right.
What does that have to do with the price of chocolate from Switzerland?
About the same as how many cheeses there are in france.
Wait, I just thought of something important.
The Chinese don't eat cheese, do they?
Nah, I'm sure the Han, Tibetans, Uighurs, Xinjiang Moslems all get along over some gourmet cheese.
If they had a taste for it, i'm sure they could figure out how to make it cheaper and with more chemicals...
Reverse engineer my nuts China.
....................../´¯/)
....................,/¯../
.................../..../
............./´¯/'...'/´¯¯`·¸
........../'/.../..../......./¨¯\
........('(...´...´.... ¯~/'...')
.........\.................'...../
..........''...\.......... _.·´
............\..............(
..............\.............\...
Yall worry too much about stuff you can't do a thing about.
Grab your hat and come with me........
http://www.youtube.com/watch?v=ovKk_kPmAk4
Eh?
PRC
India
Soviet Union
Qing Dynasty
British Empire
Napoleonic France
Habsburg Spain
Ottoman Empire
Roman Empire
I maintain my argument.
India? China? Napoleonic France? Complicated, maybe, but the cultural ties were clearly more in synch, even beween warring factions, and there was an iron fist in the form of a dominant, central military force to lay down the law when need be.
Of your list, the only one that caused me to opinion check myself was the Roman Empire, but even that was a far simpler system, as it was akin to paying tribute to Rome with gold, spice and seed crops, lest Rome send the collection force.
The Eurozone knows no such simple dynamic and has no such basic mechanism. I do not see Germany invading Greece or Italy in the near future.
The EU's days were numbered from the start. Conceived during a period of global optimism, it was a hopeful coalition as old conflicts were temporarily overlooked. Now, as the collective social mood turns from optimism to pessimism, previous wounds are reopened and previous conflicts are renewed as the hopeful coalition disintegrates.
On the other hand, I think a world of countries quite disparate economies could function far better under a single non-fiat currency, such as gold or silver coins.
Trying to subjectively juggle the value of currencies to goose or suppress currencies to the tune of political entities' whims is far more problematical in my opinion.
From the prophet Burl Ives...
http://www.youtube.com/watch?v=oMlqn_Hjyi8
Hilarious how there has been all this hoopla about the debt ceiling and speculators are now piling into Uncle Gorilla notes and USDX with utter panic and fear.
They are buying more gold and CHF, you moron.
you do a disservice to morons when you comapre robotard to morons.
Gentleman Jim pummeling Robos nuts into pudding!
Robo all I can say to your post is ....duh....
I just realized that you chose the proper user name. Your comments indicate a robotic trading mentality. At least you're consistent -- consistently poor.
Euro dramatically declines, pushing up gold while the dollar surges; surge in gold then liquidates dollar; the euro then re-emerges as a gold-backed, Germanany-centric currency and the "euro" becomes the heir of the old deutchmark; Germany spontaneously becomes a world superpower in control of Europe; the dollar implodes completely. The End of the Beginning has begun.
Or is it the Beginning of the End ?
www.youtube.com/watch?v=nZZ504TGDpE
Interest free money bitches................................
Of course the debt junkies have a nasty habit of producing things like Spitfires & Micheal Canes..........
www.youtube.com/watch?v=RVBO61qg-kc
So now we are going to pay Timmaayy to keep our hard earned dollars safe. Interest rates on our savings going to 0
Thats OK, interest rates replaced with physical gold holdings, the great secret central banksters hoped no one would ever realize.
Hey, maybe for once...
LULU, NFLX, AMZN, etc. will finally have a down day?
So much for the 'formula'. Gold up, stocks down. Did you fade yourself Momo?
Momo fade himself? Nah! Couldnt be!
btw: the old schroomer as you call him, gentleman jim sinclair, sends warm regards. said he wishes you all the best with your widows and orphans portfolio and hopes that one day you'll outgrow your little girl skirt of mo, hd and vz and start wearing adult pants.
Govt/banksters will step in any moment if they haven't already.
Imagine that? Did we not discuss the crosses 2 hours ago?
It's just a transitory bear trap.
snap +1tn BennyBucks
"Reverse Accumulation" gaining traction.
Greenie projectile puking torrents of blood on his 1.46 Euro trade.
Hear he has a problem with 'spot' and 'stop'.
'Broke? Bankrupt? Gubment after your house? Chap 13 may be an option for you...call Jude Law'
Awesome ad Tyler!
*Trumpets*
http://www.youtube.com/watch?v=SAH3hpCdthw
Now Cramer is talking greek bonds ,And the tool is so out of touch that he can't even spot China? What an ass clown.
China will save the world!
The AUD is proof!
If China could manage to save the Australian housing market from collapse, I'd be shocked.
Gotta love that carry trade..Are you listening RBA?
It's almost as if the AUD is a safe haven, with carry.
A new normal, paradigm shift, permanently high plateau.
This will end well lol.
EUROPE - THE FINAL COUNTDOWN (Song)
http://www.youtube.com/watch?v=EG7wB3G-xp0
I hope I'll make it to the ATM before the EU press conference starts...
it's all fiat money... the final rush for safety will be into gold..and gold only... so buy it now.. instead of running elsewhere for cover
Caviar dreams and champagne wishes!
...oh and die mothafukka DIE!!
(got silver??)
don't forget that the SNB is losing a hell lot of money with a diving EUR
don't forget that the SNB is losing a hell lot of money with a diving EUR
On a day like today those little pieces of paper seem utterly worthless (stocks).
They really are. Stocks are an illusion, backed up with promisory notes, which in turn are only supported by a religious belief system 'LEGAL tender backed by criminal Federal Reserve'. Ponzi.
I've been reading ZH for a year and a half. Robot is one of the few here who is even close on calling the markets - entertaining too. The rest of you must be paper traders - else you would be to busy washing dishes to comment.
Yes. It's all so clear now. How could we not see his brilliance?
LOL, funny stuff Newstreet!
China buys euros and euro-denominated bonds in anticipation of freegold. CHF is too small, and they already have too many USD. If I was China I would buy more euros.
China shouldn't be too hasty.
Red Lights Flashing For Eurozone Growth | Credit WritedownsGood, I hope the EU does fall apart. Failed experiment for creating blocks and then on to world govt. Of course all the little people will get destroyed but that beats putting your sexy little communist uniform on everyday.
I don't by into the 'planned collapse' so save your breath. The elite have big plans for us, it didn't work and instead of abonding ship they are blinded by the fruit of the endgame and keep forging forward to that end goal. Problem is they're now taking 2 steps forward and 3 back. They'll kick, whine and cry all the way to the zero line.
People are buying Swiss because everyone else is buying Swiss.
That's not much of a reason.
I guess nobody is going to shopping in Europe, let's all short car companies in Euroland.
The positive 'take' is perhaps some 'entity' will start giving bondholders the haircuts they earned with reckless lending. Right now, catering to bondholders has accomplished what, exactly?
Capital flight and very high lending rates, a boost for gold and an overall decline in business.
Governments can and always have been able to fund themselves by issuing currency over assets the governments possess including the authority to levy taxes. A short, self funding period would give the bond markets a good idea of their true place in this world. A self-funding period would also allow time for proper criminal investigations of lending business practices. This would allow different parties -- borrowers AND lenders -- to challenge improperly tendered loans and to liquidate them.
90 days without cash flow to bond markets would probably put most bondholders @ the brink of collapse so the EU has a lot of bargaining power, it just chooses not to use it.
.......and Dennis Kneale was right too. oh yeah, and so was Joe Granville.
mommy...