Overnight Recap: Japan's Nuclear Crisis Leads To 'Panic' - Nikkei Crashes 17% In 2 Days, Japanese Default Risk Rises to Record, Gold Down 1% in $

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Tue, 03/15/2011 - 07:44 | 1054806 strannick
strannick's picture

"Gold down 1%".


Tue, 03/15/2011 - 07:46 | 1054811 ivana
ivana's picture

COngratulations to phisical gold owners. But battle has just started

Tue, 03/15/2011 - 08:59 | 1055042 Ray1968
Ray1968's picture

Today would be a good day to load up on some more.

The dollar printing will not stop.

Tue, 03/15/2011 - 08:04 | 1054851 PY-129-20
PY-129-20's picture

"May rice up 36.5 cents to $13.375 per 100 pounds"

More pressure on the FPI. Just what we needed. This won't end well.

Tue, 03/15/2011 - 08:03 | 1054852 malikai
malikai's picture

I propose we no longer call the USD dollars but from now on we call them LOLers. In the coming weeks with QE3, we'll have full justification for the new term.

Tue, 03/15/2011 - 09:36 | 1055278 pslater
pslater's picture

I highly suggest listening to this MP3 audio interview with Jim Rickards.  We won't get QE3 - we'll get someting infintely worse........



Tue, 03/15/2011 - 08:46 | 1055002 trav7777
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3% now...only showing life in AUD, ZAR, and CAD

Tue, 03/15/2011 - 09:15 | 1055129 robertocarlos
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I am a meat popsicle. I am not happy that the CDN dollar lost 2 cents. 

Tue, 03/15/2011 - 09:25 | 1055196 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

geez Trav, do you ever sleep?

Tue, 03/15/2011 - 07:45 | 1054809 ivana
ivana's picture

Yesterday BOJ yields dropped but today spiked up on short end:
2Y - 5Y - 10Y
0.22 +19.3% 0.51 +4.9% 1.22 +1.0%

Tue, 03/15/2011 - 07:48 | 1054815 Henry Chinaski
Henry Chinaski's picture

Ya shoulda been here yesterday...

[System temporarily unavailable.  Try again later.]

Good luck trading, y'all.

Tue, 03/15/2011 - 07:55 | 1054818 Oh regional Indian
Oh regional Indian's picture

Now multiply all this by a factor of three, since the screw has turned only once yet.

How ready are you? Gold silver of guns going to save you?

Force majure is the great leveller. here's hoping that we are each searching deeply for the lessons embedded here.

In India, cricket fever is the only thing noticable. When it hits here....*shudder*

Consolidation time, all around. What a TIME!!!




Tue, 03/15/2011 - 07:57 | 1054836 sudzee
sudzee's picture

The world will get richer today by at least 10 trillion. CBs busy entering new digits to balance sheets. Won't be any inflation because the masses will have no way of accessing the wealth created. Everything is just peachy.

Tue, 03/15/2011 - 07:57 | 1054842 xPat
xPat's picture

This is completely nuts-o panic selling! Oil should be UP, not down, but is crashing on what appears to be pure fear-driven panic.

So nuclear power is almost certainly off the table for a long time to come, Japan is in ruins and needs to be rebuilt (read: huge energy demand in the LONG run), and war is breaking out in the middle-east. And oil is crashing. WTF are traders smoking?


Tue, 03/15/2011 - 08:57 | 1054964 Johnny Lawrence
Johnny Lawrence's picture

Disagree.  Speculative money has been pouring into commodities since QE2 started.  It's all unwinding now.

Tue, 03/15/2011 - 08:06 | 1054860 Corduroy
Corduroy's picture

My bet is that in a couple of weeks the talking heads will start telling us how a single currency and a single market will be better for everybody and avoid all of the dilemas in the markets that we currently face....

In every war you need to be ready for every eventuality and this Swan can be used to push the globalist agenda oh so nicely...

My thoughts are with the people of Japan.

Tue, 03/15/2011 - 09:37 | 1055279 honestann
honestann's picture

Yes, we wish the people of Japan the best of luck.

The world should have a single currrency.  I'm all for that!

But only one world currency is viable and ethical.


Anything else is a pure, unadulterated, totalitarian SCAM.

All fiat is predatory trash.

Tue, 03/15/2011 - 08:15 | 1054886 TexDenim
TexDenim's picture

What scares me most is not the fuel still in the reactor -- that is to some extent insulated by the control rods. It's the unspent fuel sitting in pools of water in storage. If those pools start to leak, as has been reported, they will heat up and burn, spewing toxic radioactive waste as smoke across the land. What a mess.

Tue, 03/15/2011 - 08:38 | 1054967 FoieGras
FoieGras's picture

I see there's no flight to the "safety" of silver today?

Tue, 03/15/2011 - 08:38 | 1054969 trav7777
trav7777's picture

Gold now down $44...smashed.

Silver, platinum, oil, everything...sold.

AUD smashed too

Tue, 03/15/2011 - 09:34 | 1055259 honestann
honestann's picture

Do you realize how many of these little "smashes" I've "suffered" since buying gold at $300 and silver at $4 years ago?

Everytime they get "smashed", I convert all the fiat that has come my way since the last "smash" into gold and silver.

All these "smashes" have me laughing all the way to the... well... not the bank, because I don't trust them!


Long live the "smash"!

Tue, 03/15/2011 - 14:03 | 1056461 burncycl
burncycl's picture

++1....Amen honestann. My safes are loaded on this mindset. I also continue to accumulate. I dare not worry. In addition I've been working on food security, among other important (perhaps esoteric) issues. Keep truckin.

Tue, 03/15/2011 - 08:56 | 1055032 jesse livermoore
jesse livermoore's picture

this all margin call selling  gold and silver will snap back

Tue, 03/15/2011 - 12:20 | 1056009 Bicycle Repairman
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Tue, 03/15/2011 - 09:10 | 1055092 trendybull459
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People get together,anyone who cares about basic problem of our existance FED invited to vote in our poll and read out latest comments on yahoo FED article about QE3:


Voting poll is waiting for you click,take 5sec to make your choice,we must to reach critical level to be recognised by others to tove too!Thank you and keep all us together regardless government effords,we appreciate if you link us to other polls,blogs,sites to let people or your friiends to vote FED existence

Tue, 03/15/2011 - 09:27 | 1055213 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

Yeah a voting poll...that will bring the fed to its knees (eye roll)

Do NOT follow this link or you will be banned from the site!