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Euro Tumbles As Both Gold And Dollar Surge, Gold Hits New Euro-Denominated Record
Remember the conventional wisdom that gold and dollar are inversely correlated? Well, throw it out of the window. Over the past week the dollar has surged even as gold has just broken out beyond the $1,150 resistance. So much for calls for gold hitting triple digits as investors realize that not only is the concept of paper gold a complete fraud, but that fiat currencies are starting the currency devaluation game in earnest. And with the euro hitting 11 month lows, the ball is now in Bernanke's court to show just who owns the biggest, baddest, nitrous equipped printing press.
Gold has just hit a fresh record in euro terms.
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I was wondering when the sh!tstorm(s) would arrive. Things are moving real quick now aren't they?
Pedal to the metal, but still in first gear
this international turmoil is causing the predictable flight to quality into the russell 2000 index and the IBD 100 index of companies that are doing phenomenally this second but will likely trade to zero over the coming 24 months
because when the global economic infrastructure starts to come apart and it becomes apparent that less consumption will be needed across the board, you want to make sure your money is parked in a $700m market cap company that hopes to be breakeven shortly
+1
This could be the beginning of a vortex of multiple markets. If rumors of other banks halting repos with Greek banks are true, can a run on those banks be far behind?
As many have written in recent months, this next downdraft is likely to be very very fast. Unlikely that people will be able to get out of long equity positions in an orderly manner. Gaps probable in jerky drops.
Never mind the tungsten, copper is where it's at. Look at this crap they are selling on ebay. Unreal. http://shop.ebay.com/?_from=R40&_trksid=m38&_nkw=999+gold+overlay
Giselle is calling. She wants me to close out that swap contract. It is going to cost her, nudge nudge, know what I mean? Say no more!
Tyler, did you guys move? Or did you miss the daylight saving time change 3 weeks ago? Maybe you're taking a stand against time manipulation? lol
The chart does beg the question, "Has gold become a leading indicator for where the $Dollar is headed?"
No contest. Can the other printing presses fly? Ben's printing press can fly.
load the presses into the helicopter, we'll print as we play santa and drop bags of cash overboard.
I do wonder however, whether those owning fictional gold are starting to come to grips with the facts surrounding the reality of what they've purchased...
You would think that after the CFTC hearings bombshell that only 1% of gold claims have any real metal behind them, holders of those claims would be scrambling to arrange delivery. So far, no evidence that this is happening. But someday...
Euro Gold Bitches.......
www.youtube.com/watch?v=_MEVWHMaFR8
Euro trash girls will become the Haute couture of trailer park dreams .
With the USD rising how is the Loonie (Canadian Dollar) keeping pace? Just food for thought.
Mark Beck
On another note, as the market melts higher and especially gold rallies, Douchinger locks down TF with increasing bitch PMS frequency...ROTFL.
Like I am gonna PAY HIM to read his drivel and listen to the deflationist drone of his cult.
1st repost ever, but this is important to me.
So Max Keiser is killing it and he cleared some shit up for me. We have until $20.92 to buy silver (this is its nominal high), because that is when JPM should be done unloading their shorts (more specifically the shorts they inherited from Bear Sterns). Once that happens, the whole market should capitulate, and then silver to the MOON (we have our own Argonaut, GET THE FUCK IN THE BOAT PEOPLE!) followed by gold and oil. By my calculations we will reach $20.92 at mid summer, then the market should capuitulate for 2-6 weeks, depending on how bad peak oil is right now, and then KABOOM! Anyway, my two sense...I could be wrong. MB anyone?
Also, a low of $8.88 during the "crisis". They are saying something. They are saying 'We will run this town for infinaty'. I cry ISIS! Then I go to war with these damn JPM "M"arket "M"anipulators. Join me! BUY SILVER!
War Is My Destiny:
http://www.youtube.com/watch?v=JRLl2yVrJzE
You gotta watch the silver market. When you get currency crisis in less delveloped country then it will go. Keep eye out on tawain and mexico and south america. If the ceo's dont' stop fucking them over they'll wreck the silver market.
WE ARE DECOUPLING! SLOWLY (is this slow, I can not tell anymore?!?!?!?!) BUT SURELY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Kind of looks like it. Bet it goes to the 1217 high and then makes a new 1176ish floor. It's tested support too many times.
**Precious metals are (still) decoupling from equities, et al. At a very high rate now.**
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