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Intervention fails. Next stop is the November 2005 low of 1.164.
Here's Bob from CNBC euroland.
Get out of Banks, Get into Gold...
CNBC's snap shot of Bob Janjuah 17min interview.
Bilderberg attendees told to dump the Euro, stand behind the dollar, up until July 4th, at which point gold will implode after the accouncement the IMF will be replacing it's gold stash with SDR's.
keep you posted as we here more.....
Ok, that's it. You made me do it. Can you see me holding down my "Enter" key?
Ok, that's it. You made me do it. Can you see me holding down my "Enter" key?
Meanwhile, money moves to gold.
I'm handing out party kazoos at work and the "party of denial" crowd is looking giving me dirty looks.
i love it. i also loved people thinking i was a schizo telling them everything was falling apart. and then being told by house wives and other clueless media fed individuals that the economy is strengthening....due a large part to barack obama. *me giggling*
Never show your happiness when the market tanks and your shorts pay off. The vast majority of people are cattle. They will never understand the market. The only they believe is that stocks and RE only go up, dollar cost averaging, and all that other crap the media spits at them. Lets face it, most people are specialists at what they do - medicine, construction, whatever. They don't have the time or education to make informed decisions in the markets, so they just willingly strap on the blinders.
Back to my original point, if and when the markets crater, people will remember you as the smart-ass who profited off their misfortune. You'll be despised and possibly persecuted. Not the best situation to be in at the workplace. Do yourself a favor and act like you are losing money too.
so bingo, its not funny.
well said... I keep my friends close, and my puts closer...
So true. Punish the careful.
No, that's the point.
Every single comment is evaluated for negative effect and suddenly that person is a pariah. For WTF ever:
Yes, the truth is dangerous - because their denial of it is dangerous to me, themselves, and the whole goddamn planet! Not even external violence will help them understand. "Why me? This only happens to other people!"
Co-worker: "Why do you care about those Gaza boats?"
Me: "You're not really a news person, are you? You don't really care about what's going on in the world, you know, history unfolding before you."
Co-worker: "You're weird."
You fucking fucks. I hate you.
Disclaimer: I have absolutely nothing invested in the markets. Everything I have is tangible and is either a tool, is edible, or precious metal. I can actively use all my investments and control them. I don't give a shit about 401k, real estate prices, GOOG, and all that other bullshit that is used to control people. The sooner the system crashes completely the sooner we can rebuild. It will only get worse the longer we wait.
I disinvested, what little I had (401k) in 2007. Yes, it is frustrating, people want touchy feely happy talk, but buck up. You are as prepared as you can be for what's coming. Remember, he who laughs last. But, I agree, it's not a laughable situation, but whatta ya gonna do? Better to laugh than cry.
i don't have friends or a job. so i'm pretty safe here i think.
but if i find one of either, i'll keep this advice in mind.
good advice, but it kinda depends on the office.
in my office, we've all been "on" to management for quite a long time.
even if i'm the only one who can actually sell short
or fart out loud in the bosses' office,
the rest of them can all enjoy a good joke ...
yeah right. A FIAT collapse over there, and other FIAT is immune? HA!
relax- tongue in cheek. Though it's worked quite well for a trade from $1.60-$1.20...
You said it all in three brief words. Brilliant.
I sure fucking hope so, I have a parity trade on for Sept. Can China buy enough Euros to keep it above parity until than? I doubt it. Every bank in Europe is betting on their own failure now. I see the Chinese buying Euro's, while the French are burning them in drums... this cant last all summer.
Your bet is a good one. The Chinese own enough dollars and gold to not give a flying fuck what happens to the Euro relative to the dollar. This is teporary only, they wont stick at this for long, no point.
What the world needs now,
more traders and lawyers.
can anyone tell me why NatGas is spiking into the $5 range? Do we use it to keep our factories humming?
hft's and algos run on nat gas. they are getting ready for a big session
Have you met any of the traders in the NG pits? The Whole lot is a bunch of Meth(ane) Monkeys...
Seasonal money flow: long natty, short crude.
Good question, I don't know either. Perhaps the inventory report was "better than expected". Still 1.6% above a year ago and 14.9% above 5 year avg. Hurricane season? Eventually though, if supplies keep building throughout the summer I would expect prices to fall, but what do I know...
Funds moving money into commodities instead of gold or bonds. NatGas is seen as a safe play as it has been so out of favor it likely will not fall far from here. It likely will go up with deep sea drilling banned.
Hint: Deep Horizon Oil Geyser.
The big find in Israel? Wouldn't more supply mean a lower value though? A move away from oil? Inverse correlation politically ala Deep Horizon? What about coal, what's it doing?
The major players are buying up US domestic natural gas assets faster than makes any sense unless they are planning something big. Seems that with the offshore deep water ban and a peak in extractable oil they are getting ready for switching a significant population of vehicles to CNG, what better way to profit than to buy all the supply, and delivery infrastructure while it's extremely cheap. It wouldn't take much to get a GM or Ford to jump on board if the big oil companies are backing them. 2 - 3 years from now you have a whole new market to manipulate.
The German exporters are loving this.
The Chinese and US exporters - not so much.
To which country will Germany export. Which country will be buying their goods?
Uhm...wait I got this....ok.....Australia.....wait no....ok, how about Canada?...no not them....hmmmm....Brazil, no not them....hmmm....I am quagmired!
Mr Lennon and Mr Turd! (That was fun to write)
You guys are right. Who will buy when no one has any money.
As another poster pointed out days ago, entropy seems to be the new thing. I'm spending less, but more on gold, which just sits there. Peak resources and debts out the wazoo.
Conservation of capital is the order of the day.
Entropy- a key word from "The Long Emergency". Good stuff DoChen!
I can't afford gold so I am just buying Depleted Uranium
Based on appreciation of CAD and AUD i will actually have to agree that they will be buying. Probs some USD buyers as well with the DXY on a tear..
Shirley, pay the man !
Have missed your commentary GFI, but I know...I've moved on to other blogs too...
Hurray! I want to get some LeCreuset cookware (or french copper pots, I'm easy). I just might be able to afford it. Nothing like good cookware to fry up my possum pie in the post-econo-apocalyptic world...
I just keep hearing Emeril lagasse in my head saying "Bam...Bam...Bam"
That and "What can we do to kick it up another notch?"
The thing is, China cannot buy both Euros and Dollars, at least not very easily...
OT, Just curious, but WTF do you have Che as as Avatar?.
OT, What's wrong with Che? Also, he kinda looks like me -- at least in his earlier days when he still had both his hands...
And his head
I was thinking the same thing. Che is a mass murderer just like Mao, Stalin, and Hitler.
This is not the proper forum for a discussion of Che, but I think your comment is a slight exaggeration, unless numbers don't matter...
Correct and Noble of you
Paging Mr. O'Neill..your crow is nearly ready.
How will CNBS spin 1.16 as positive?
The global economy is now circling the drain at a faster and faster rate.
Watch out! War is coming, war is next! History is 100% accurate in predicting our future.
Russians examining the evidence in South Korea - meanwhile Atimes.com reporting on several theories that China navy intel sees a different explanation for the SK sinking.
Myanmar nuke story this am - with China touting its ties...
Japan markets sell off on the more independent foregin policy of Kan?
Another few ships setting sail in the Med - whiel turks call to downgrade relations with Israel..
.......so which one is it...
Easy to spin to the masses:
Who doesn't want a strong dollar? Doesn't the very sound of the words make you proud to be an American?
War is not coming. The world will simply give Constantinople back to it's rightful occupants. Trade was good back when the Byzantines were in power. Hooking up with Orthodoxy will stabilize the Eastern European real estate market.
The Armenians and the Kurds can look to get their homelands back also.
Would serve them right. Ally no more.
Weeeeeeeee!!!!!!!! Should I feel bad that it brings me pleasure to see central bank internvetion no longer working? I will be wiped out by the following crash, but I would rather die broke and honest than rich and a festering pile of lies. Perhaps my daughters may then have a chance at this thing called freedom. That is, of course, if I can still feed them when the SHTF.
Dick, I agree with you 100%. The only thing I am bullish on is my kids futures if this thing crashes in the near term.
That's it Dick & Fiat!
If we do not get the Mad Max, I will quietly GIVE what I have to my kid...
If your daughters are hot, I will feed them
Leo K out with a note this morning recommending doubling up on solars in Euros.
I don't get it. The music is playing in EUR/HUF and everybody seems to be happy with some lousy pips in EUR/USD...???
Sweet, I want to go on vacations late in summer!
I went last year in april and am going again leaving tomorrow. I have a 2 week global eurail pass and I think I'll visit hungary maybe romania too. The price of the eurail pass is in euro's so that came down too.
Hows TED bear doing?
hmmmm.....lets see the 'euro' effect this has on next s&p earnings......
We should call support at $1.17 just cuz I think that was it's IPO price...
gold rocket launched !!
Now if only Silver would follow it this day would be complete.
Silver tracks oil, and oil runs inverse to the dollar, and the dollar runs inverse to the Euro. And yes, this ALL has to do with oil.
Gold just turned positive. None of the interventions are working. Everything is breaking down...
Yeah, w/the USD Index @ 89+...........
Ok boys and girls , I just woke up from my nap. Did I miss anything?
Someone is trying hard to hold it above 1.20.....
Bu bu but Bill Gross sez it's a great time to buy german bunds, uh, five months ago. breeheehee!
Ah yeah, good 'ol Bill. And he said equities then too. haha!
Can't the SEC halt the Euro or something?
That might be the funniest comment I've read all week.
LOL; at least they should put circuit breakers on the exchange rate.
yeah, the conversation goes like this:
"Its not for sale just now."
The reply is:
"We don't want any, don't re-open."
What Oh What Will Sunday's Stick Save Be....
"And remember this fact, you can't get it back, cocaine."
"She don't lie, she don't lie, she don't lie, cocaine."
First belly snort of the day.
I almost always have a 3 - 4 good laughs here at ZH.
Maybe spening time on the computer is healthy after all?
Looks like my 118.95 call might actually make me money today.. hahahahhahaha
GM Gordon! We gotta keep at it... there are always folks that are just waking up. Stay strong and long GOLD BITCHES !!
For me, gold is a gift at under $1500. I have money coming soon. It will go to PMs.
Gordon and Turd are doing Ezekiel duty. We all should too, but only I've only convinced two (landed a convert recently, yeah I'm talking about you Cuz Bill), have listened and bought.
Gold just went positive...perhaps the fleeing to GLD will start since they can't seem to keep the EUR above 1.20...it is just fighting too hard to go south.
Get your $0.01 bids ready for all US Stocks...
Why not use the old Price is Right trick, and bid $0.015?
Wow, this is really starting to wash out.
Personally, The Turdman is hoping for a -400-500 loss for the Dow so I can watch/listen to all the hand-wringing and angst all weekend as we wait for Monday.
I managed to top up with gold today at AUD about 0.845 now is 0.826 just in time, lucky I didn't procrastinate any longer.
I hope y'all bought some Gold...
€-gold just hit a new ATH.
In all fairness to Leo, he said buy the dips not buy the crashes.
JOKE of the DAY: Has anyone noticed the advertisement that keeps popping up on The Market Ticker of Douche fame?
Nice advertising, Douche !!!!
I think that leveraged accounts playing the 1.20 break-out will get their lil' fingers burnt...
Stuff is far too obvious. Tight SL oh very welcome.
Dow has got to get below 10k or this is a no go -
The Redneck Riviera's getting tarballed hard this morning as sovereign risk 'capital ships' burn and sink in harbors around the world....
Do not make the mistake of thinking you know how things will play out. And don't bet anythng you can't afford to lose.
Jim has a great point.
Many risks! Danger everywhere.
Stay diversified in many asset classes. Keep your head down and be prepared.
We're on the road to parity.
I've noticed that the douchebag, Jory, hasn't been seen all morning. LMFAO!!!
+ mucho! LOL!!!
"Talk to Chuck"
No! Fuck Chuck!
Tyler, whats with the advertisers you let on yor site.
Have they taken the time to read any of your stuff? or is it just a numbers game to them.(traffic)
You should at least let me run my ad:
"Economic Hitman 4 Hire"
History indicates that some problems are better solved with a few lives being wiped off the decision map, in the name of collateral damage and national security interests.
Email us cooridnates (space,time) of key officals and we will handle the rest. Bilderberg attendees are off limits during the conference.
All jobs to go to highest bidder and all payments made at completion of said job.,
Dow just dropped through 10000. Again.
My TA suggests that there is very strong support at 0.00
Ohh noes! Didn't Goldman Sucks just say the Euro would not drop below 1.22?
Oh noes they are wrong again?
How did they get a full quarter without a loss when they are leading their investors over the cliff with their "advice."
So naive. Of course they are on other side of trade.
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