Greed And Fear's Chris Wood On The Timing Of The Euro Endgame

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Mon, 12/27/2010 - 19:09 | 832360 Mr Lennon Hendrix
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Germany is playing their cards tight but what are they holding?  I think FIAT has a weak hand and will get flushed!

Germany holding a high pair and gold has the flush!  Get monie!

Mon, 12/27/2010 - 19:26 | 832378 High Plains Drifter
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Well they never got their gold holdings back , have they?

Mon, 12/27/2010 - 20:07 | 832432 Mr Lennon Hendrix
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Good point.  They should try, if they are not, to get delivery on the gold they have on loan from the FRBNY before the Euro, not to metion all FIAT, cashes out.

Mon, 12/27/2010 - 20:10 | 832438 Arius
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the way i understand it (and of course its not the first or last time i am wrong) is that IT IS NOT german gold but it is US Gold which was allocated to germans after world war II to help them rebuilt their country...just accounting gimmics (we are so familiar these days) - thats the reason the gold still remains in NY.  well that's perhaps a fools view...

Mon, 12/27/2010 - 20:18 | 832451 Mr Lennon Hendrix
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That is what the lease contract stipulates.

Hey what is gold doing?  What is silver doing there?  Hey little silver, what you doing there?

Mon, 12/27/2010 - 20:30 | 832469 Arius
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the dolar 79.95...got used to this 1380 thought will be there forever...oopppsss...wrong again...

Mon, 12/27/2010 - 20:53 | 832502 Mr Lennon Hendrix
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The dollar is a worthless napkin.  Gold will be thousands of dollars higher this year.  Silver will be hundreds of dollars higher this year.  '11 will be the year gold rectifies the system.

Mon, 12/27/2010 - 21:21 | 832537 High Plains Drifter
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Gold and silver are going to explode upwards soon, imho. I sure hate it that bozo in chief, Dennis Gartman is making nice noises about the barbarous metal as of late, even though is a johnny come lately now.

Mon, 12/27/2010 - 21:34 | 832568 Mr Lennon Hendrix
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People put their reps on the line by going toe to toe with gold.

Mon, 12/27/2010 - 22:17 | 832625 Armchair Bear
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I think you are probably right about this - this will be an eventful year for those of us holding PMs...

Mon, 12/27/2010 - 19:09 | 832361 TooBearish
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2011 is the year when systemic inflation blooms in full take the deflation and move on....

Mon, 12/27/2010 - 19:38 | 832362 Quixotic_Not
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Can't wait!

Transferring to PMs enmasse on the next dip (did that 2X before in 2001 & 2003), should be a fun ride watching everyone chasing returns during out-of-control inflation...

Is quisnam panics primoris, panics optimus!

Mon, 12/27/2010 - 19:30 | 832383 Quixotic_Not
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Charles Calomiris on Bloomberg TV today:

If rates rise 50 basis points more, the fed is insolvent.

Can't wait to see how they stick it to the taxpayers this go 'round...

Mon, 12/27/2010 - 19:33 | 832385 Samsonov
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Why does this site have a "flag as junk" option but not a recommend option, such as "flag as awesome?"

Mon, 12/27/2010 - 19:35 | 832389 margaris
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because there is always an abundance of junk in this world.

All the awesome stuff gets lost in the shuffle...

Tue, 12/28/2010 - 01:57 | 832894 Arkadaba
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+ one

Mon, 12/27/2010 - 19:38 | 832394 lunaticfringe
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Sorry, couldn't resist junking ya.

Mon, 12/27/2010 - 21:30 | 832558 Eric The Red
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Because people on this site just Junk anything they disagree with regardless of whether its really junk or not.  Dissent is not accepted well on ZH.

So come on, junk me bitchez!!

Tue, 12/28/2010 - 06:25 | 832975 Byte Me
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No problemo...

Mon, 12/27/2010 - 21:34 | 832561 Eric The Red
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*

Mon, 12/27/2010 - 21:34 | 832564 Eric The Red
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*

Mon, 12/27/2010 - 23:03 | 832692 buzzsaw99
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don't touch my junk.

Tue, 12/28/2010 - 01:50 | 832892 vamsy
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People are using the 'junk' feature as a system to vote (similar to ' I agree/Disagree') instead of flaging conversations that are spam or mark the threads that have no relavance to the topics. I think Tyler should clarify the functionality.

I feel the reason most of the people are here in Zerohedge in the first place (atleast myself) is to read the comments that are posted.

Mon, 12/27/2010 - 19:36 | 832391 lynnybee
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I'd also like an "applause" button or a "thumbs up" sign !!   so many great comments !

Tue, 12/28/2010 - 02:00 | 832895 Arkadaba
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doing a applause button means signing in and doing a 'like your post' 

Tue, 12/28/2010 - 02:02 | 832897 Arkadaba
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at least for tomorrow when most of Canada is still on holiday - boxing day - only in Canada.

Mon, 12/27/2010 - 19:36 | 832392 Revolution_star...
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The thing that most don't seem to get is the future earnings. Sure you can buy gold and silver, and it's better than nothing. Take a minute next time you click the "add to cart button" and think about the raw purchasing power loss there. How many oz of silver and gold did your "labor" buy just 10 years ago?

The most heinous crime ever commited upon a fellow man is the devaluation of his current and future labor, and the labor of his kids. It is to sell the unborn into slavery, even if you could put yourself aside, how could anyone allow the very dilution of future fruit in perpetuity?  Who among us would allow this continue if the truth were known?

Let it be known and pass it on. We did not raise the 3rd world up, they sold us into the third world.

Welcome to the decade where chickens come home to roost.

Cockadoodle do, Bitchez

Mon, 12/27/2010 - 19:45 | 832399 Quixotic_Not
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Who is this "they" you speak of?

Because from where I'm sitting the 'MeRiKan sheeple have consented for this at EVERY turn, by voting for (D) & (R) Kleptocrats at EVERY election...

When the dollar takes its sudden next drop, and the one after that, and the one after that, ad infinitum until it is totally worthless, I'll be sleeping like a baby!

2012 is gonna be a bitch for the 'MeRiKan sheeple, but I'm sure they'll just have to vote for Change you can bleed in liar again...

Mon, 12/27/2010 - 19:57 | 832418 tbd108
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Applause!

Mon, 12/27/2010 - 23:22 | 832719 DoChenRollingBearing
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+++

We can demand justice for the criminal acts of the banksters all we want, but the REAL heart of our problems is that we, the 'MeRiKan people elect the scum who have piled up deficits and debt.

Tue, 12/28/2010 - 02:05 | 832898 StychoKiller
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Kinda hard to counteract the votes of the old, senile population that continue to vote for any id10t that "promises" not to cut Social Security/Medicare.  Until they all die off, we're screwed -- fortunately (or unfortunately, depending on how you look at it), the system will undergo the Great Implosion before that happens!

Mon, 12/27/2010 - 22:07 | 832617 BigDuke6
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i think Revo star has nailed Bernanke and wall streets crime.

Perfectly.

You've been wondering why the shock/horror at QE?

'My gold is up , why bother?  if he stops QE my gold will slow down going up'

'Don't stop Ben - we love it!' you say.

Well there's why it a crime

'The most heinous crime ever commited upon a fellow man is the devaluation of his current and future labor, and the labor of his kids. It is to sell the unborn into slavery, even if you could put yourself aside, how could anyone allow the very dilution of future fruit in perpetuity?  Who among us would allow this continue if the truth were known?

 

Let it be known and pass it on. We did not raise the 3rd world up, they sold us into the third world.'

Nice

 

 

Mon, 12/27/2010 - 19:43 | 832398 lunaticfringe
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Cockadoodle do bitchez? Good stuff....

China is Europe's last hope. I wish the bastards would just let that eurotrash die a peaceful death.

Mon, 12/27/2010 - 19:59 | 832424 Sudden Debt
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And if all the US Trash would also die peacefull, the 2 million who would survive would also prosper!

 

Tue, 12/28/2010 - 03:28 | 832943 Aristarchan
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I'll flip a quarter into the hat to pay for your funeral.

Mon, 12/27/2010 - 21:43 | 832581 Ahmeexnal
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China is Europe's last hope. I wish the bastards would just let that eurotrash die a peaceful death.

 

No. The Church of Rome or it's fully owned subsidiary -Submission- can pick up the tab in exchange of the eurosheeple's eternal submission.

Mon, 12/27/2010 - 19:42 | 832400 RobotTrader
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Wouldn't surprise me to see BBVA, STD, HBC, etc. as the top percentage gainers in 2011.

 

 

Mon, 12/27/2010 - 21:08 | 832518 Who is John Galt
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This GUY RobotTrader really is a dumb bitch isn't he?

Mon, 12/27/2010 - 22:19 | 832631 Twindrives
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+2011

Mon, 12/27/2010 - 23:31 | 832731 DoChenRollingBearing
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@Who is JG,

My take is different on RobotT.  He is a TRADER.  It's in his name, and he likes charts & stuff.  Nothing wrong with any of that here in our ZH playground.

But, I am as BULLISH as almost anyone re the price of gold.

a 55,000 dolares, putaz!

Mon, 12/27/2010 - 22:19 | 832629 Twindrives
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It would be a pleasant surprise to learn that you croaked Robo.  

Mon, 12/27/2010 - 22:47 | 832655 Miles Kendig
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Your avi suits your sense of unerring judgment. 

STD, the new RBS, WhoT! 

Mon, 12/27/2010 - 19:48 | 832403 Arius
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korean penninsula really a tender box

Mon, 12/27/2010 - 19:56 | 832414 Revolution_star...
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"tender box" some prefer the term, "population control opportunity". Really depends on where you sit.

Tue, 12/28/2010 - 03:29 | 832945 Aristarchan
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Care to give these "population control" folks your address?

Mon, 12/27/2010 - 20:47 | 832491 DosZap
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I wish that "Tinder" box would just get it over with.

The Kim Dong Fool, has no way to deliver the nuke/s they have, I guess they could drive one up to the DMZ fence line, detonate it, and pray the wind is going South.

I am sick unto death of the little tin horn diktakers, that blackmail the world, with no HOLD cards.

And we let them.Pay them off every other year.

A couple of huge EMP's over them and their toast for years, or better yet, a few neutrons,and seal the deal.

Mon, 12/27/2010 - 23:37 | 832735 DoChenRollingBearing
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Hey, my buddy DosZap.

I feel the same way about Kim "Mentally" Il Jong, but do remember that the NKs have THOUSANDS of rocket launchers and artillery pieces that would burn Seoul to the ground (Seoul is less than 20 miles from the border).

Yes, the SKs would beat them even without us, but they would lose their city of 16,000,000 people.  Too high a price to invite that war.

We should do a quiet deal with China...

Mon, 12/27/2010 - 23:44 | 832743 DoChenRollingBearing
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A fun fact about North Korea.  It probably will be the first Communist country to have three generations right in a row running the joint.

Kim Il Sung, the Great Leader

Kim "Mentally" Il Jong

Next up, 3rd generation creepo Kim Dunghill (hey it's HARD keeping up with them).

Back in the past we called such governments Royalty...

Tue, 12/28/2010 - 00:50 | 832816 Saxxon
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They need killin'.

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