- advertisements -
The financial earthquake hit in 2008. Still waiting on the tsunami.
Still waiting on the tsunami.
Still waiting on the tsunami.
So you mean you have been riding the tsunami for three years, waiting for something?
I don't know about you, but I wait for people or things. The only things I ever wait on would be a sofa or a chair.
"Waiting on" --- must be another weird West Coastism.
Hey Bernank, the tide is going out. Your weenie weeni is about show.
this raid on silver and attempt on gold is ridiculous
Silver is dropping since it doesn't float. Apparently The Bernank suspended laws of gravity along with FASB 157 so gold can now float. Cool.
I'll take it. I will probably buy some more after I get back from my three day weekend holiday I'm taking. If we can get below $34, down toward $33 or lower, I will be buying.
dont know what moron junked u, of course without a rebuttal of ur analysis...
no matter, the phony paper price action is just that - phony....
the entire week has been a study n cartel manipulation and fraud...aint no fucking correction taking place just a natural disaster providing cover for the enemies of real money...
Kan has lost 3 ministers in 3 weeks - approval rating at 20% or so. The opposityion is united against his bloated budget. Maybe now he can force througha massive rebuilding campaign. problem solved. That was easy
Reason for JPY strength is carry unwind.
Hmmm. So I borrowed yen to invest in another currency. If the yen goes to zero I make a boatload. So why does the quake induce me to unwnd my yen carry?
Quake = risk unwind.
Risk unwind = carry unwind.
Carry unwind = buying back the JPY.
From the videos I saw, a good portion of Japan's farmland was flooded with salt water. I'm long ags after the selloff today. Maybe limit down today and Monday on the grains, then reality comes back.
wheat getting whacked again - 650 up?
The strength of the yen is to be expected if the damage is extensive as Japan will be selling foreign assets to bring money home to rebuild
Im suprised the 10yr hasnt tumbled, to cash only for a moment?
I'm surprised all the treasuries haven't fallen. Japan will be buying a lot less as they use money to rebuild instead.
Interest rates and commodity prices should be up on Japanese rebuilding
Rebuild what? There's nothing in Sendai except subsidized farmers & fishermen.The insurers will get hit with some claims & the elderly welfare queens will get another hit of government cheese.
The Kan gov't was going to fall this year anyway. It will be replaced with yet another ineffectual government with yet another degenerate Son of Privilege at the helm, & they will have no new ideas either.
I've been getting panicked emails & calls from friends and family all over the world today. Please stop panicking, people. This is nothing. It missed Tokyo. Imagine if the boonies of Northern Oregon was hit with a quake.. How would it affect you? it wouldn't-- thats how.
Tora, Tora, Tora bitchez.
great summation post. i like the angle.
g o l d , bitchez!
If it ain't xau then it's xag. I have a hunch the commodity run is about over.
Oil selling off.... This is literally Demand-Destruction..
Well, if you believe the HAARP theories, would it not be Destruction on Demand?
I do not subscribe to HAARP theories....A cursory look at the history of quakes in Japan:
Suggests that for the modern era where we have reliable data, 1 major quake about every 10 years or so.
Of course one might also subscribe to this new theory as well.
Yen will continue to outperform for the next few months as Japanese insurers are forced to liquidate global investments and repatriate the proceeds to make good on claims. The same effect of a strengthening Yen followed the Kobe earthquake in 1995.
The Japanese central bank would be unlikely to intervene to strengthen the yen, as it will be concerned about disruptions to production enough without undermining export competitiveness.
That is interesting. Do you think the insurance companies moved to sell assets already, in real-time, or is the FX market front-running the insurance companies?
Uh ohh my friend in South Maui said the waves are bigger than expected. So, So.Cal. could have coastal flooding
"Automated teller machine services of the Bank of Tokyo-Mitsubishi UFJ and Sumitomo Mitsui Banking were suspended in 78 locations and 35 locations, respectively. Operations of about 3,000 Japan Post Bank's ATMs in the Tohoku and Kanto regions also stopped."
Mideast turmoil, Euro collapse, Japanese eartquake, Australian floods, and yet the USD remains low.
Actually down so far today...
thanks to chairsatan and QE...
Have you looked @ a dxy chart H-5 over the last 3 days?
If this works for the Yen, so it works for the Dollar. Mr. Ben Bernanke, creator of the 9.5 mega-earthquake of California.
I have never checked up on earthquake data before, but over the past month now, I tend to google: earthquake to see what and where the latest quakes are.
Something is up in Arkansas and for some reason, I think the oil spill in the gulf has something to do with it. oil slicking up the plates or something.
regardless, quakes are freaking everywhere now.
So are ocean buoys(tsunami) and shark sensors! Feel any safer? When it's your time, you have no choice. My teenage years can attest to that!
Some geologists are hypothesizing that large (M>7) quakes tend to cluster; a major plate movement produces waves can induce stresses elsewhere
Wiki has some great animations:
Arkansas earthquakes may be related to gas exploration and fracking
Right now Dudley's saying that QE2 won't lead to inflation-- what a fucking joke this guy is. Never ceases to amaze me how low these fed fucks will go using a time when risk aversion is the mainstay to further the propaganda.
Roubini sees a black swan in the quake aftermath. He must be related to ORI, believer in supernova- star N/S track and 33° parallel, evil axes. Maybe Ori gets next year's Nobel Prize for being Gandalf of middle-earth...(whats left of the actual world after the twin-axes sunder our globalization to radioactive gold dust).
Gold bearish monthly chart warned of a sell off.
As mentioned earlier - substantial downside possible.
Natural disasters, such as hurricanes, earthquakes and tsunamis, and wars create economic black holes into which otherwise productive wealth is sucked and disappears. It is hard to imagine the effect the earthquake and tsunami will have on Japan's already fragile economy but it likely be huge.
QE3 here we come.
dow recovers alomost all losses n the pre-market open heading n 2 NY and Gold & Silver for some "perfectly market justifiable reason" continue to fall....yeah, ok...
floyds friday special
the mint already suspended sales of the quarters silver proof sets because the melt value was highr than the retail price
still avail is..
2010 United States Mint Proof set = $57 (retail)(I just bought 10)(based on sliver @ $34.56)5 silver quarters = 31.25(.9042 oz)1 half dollar = $12.50(.3617 oz)1 dime = $2.50 (.0723 oz)=46.25 (1.33 oz)
there is also the 4 pres dollars and 1 sacagawea dollar = $5
so if you spend those 5 golden dollars the set would cost $52also a shiny proof penny and nickle left (ebay)(dollar each)
$50 divided by 1.33 oz worth of silver = $37.59 /oz and that is just the melt value
its a cheaper premium than apmex, you can pay with a cc and no matter how many sets you buy the shipping is the same.
have a good weekend
the strength of the yen has nothing to do with intervention, it's all about repatriation. If the BofJ were to intervene at all it would be to curb the strength of the yen if it approaches 80 vs USD
i swear one of our guys called the earthquake last night before it happened!!!: http://www.hedgefundlive.com/blog/earthquakes-and-flash-crashes-the-coming-mini-flash-crash
So the only Tsunami to hit the U.S. is the Yen?
Yen rally isn't counterintuitive. The Japanese insurers et al will need to repatriate a lot of foreign investments to raise yen to pay claims. ergo yen rally
Of course it isn't a surprise, Oriental magic is powerful.
Buy the dip.
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
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.