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Net Euro Shorts Spike, Regain Record Highs, As Dollar Longs Surge To Highest Since August 2008
This week's risk aversion trade is nowhere more evident than in the spike of Net eureo shorts for the week ended April 27, as reported by the CFTC. After having retreated to as low as 66k two weeks ago, the net speculative position in the european currency has surged, hitting record resistance in the 97k range. (see chart below). And even as Europe fears drove speculators to abandon the euro, the one currency which is sitting in no man's land, the USD, this week saw net longs rise to the highest value since August of 2008. Feel free to oull up a chart fo the EURUDF pair and see when the last time it was preparing to blow out so wide was,
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Paper chase. "Who got a match?"
Talking Heads - Burning Down The House (Live):http://www.youtube.com/watch?v=_5VRhmgUNtM
Let me throw in the Dollar, Pound and Yen. No need for gasoline then. Even though the Euro sucks it has freegold so it will keep standing, even with 3th degree burns. *Mutters about contrarian bets in a corrupted market*.
Second drilling rig overturns in Louisiana; terrorist attack, earthquake related, safety issue?
None of that. Godzilla returns.
The ultimate false flag!
Can't rule this out. Definitely think the north and south poles will reverse this decade.
update http://www.salon.com/news/feature/2010/04/30/us_oil_rig_overturns
weak euro is good for southern european countries.. and also Germany has no problem with that. I think things are going well as expected for Euro Zone
Looks like these will gap up and go once the surprise move in the Euro occurs.
oh the irony...an article about $600B monthly roll on Treasuries and then we have this article talking about the "derisk" trade being dollar-positive.
Even the ugliest whore will have customers lining up if she's the only one in town with a roof over the bed and a lock on the door.
Yeah, at first I thought it was 600 trillion. Now that would have been something to worry about. 600 idollians, we can handle that.
Where does this data come from?
cftc
Thought so, I'm wondering what exactly the data comes from. I'm looking at the data for commitments of traders and it shows commercials net long, non-commercials net short. I am just wondering why the interpretation above that Tyler posted is the one of significance and how you get that conclusion from the data offered by the CFTC. Just to be clear, I'm not questioning the interpretation, rather I just want clarification so I can learn how to draw similar conclusions on my own.
I am inclined ro go with Gordon-G and the Chumbawana, here. Be coservartive and hold gold at hand...
BTW, I am looking at Silver (Physical) as change) for small purchases. US Silver would better for small purchases. Gold for buying land or businesses. Or passing along (queitly) to your granchildren, quietely...
Shh! We are hunting fiatscos.
The low on Euro is imminent and then rally into July, maybe Aug.
At that point, I put the house short across the board on equities.
DOW chart shows an expanding wedge indicating a significant move is probable.
MARKET UPDATES:
http://www.zerohedge.com/forum/latest-market-outlook-0
Attention all global fiat currency collapse participants. Game over. All "qualified persons" are required to register for "legal tender credit" authorization. All expense limitations will be published in your immediate community "Sustainable Living Guidebooks". Any unqualified residents will be processed thoroughly by local community "Process Officers" to determine eligibility for benefactor assistance and relocation services. Thank you, and do well for the Sustainable World.