RANsquawk European Morning Briefing - Stocks, Bonds, FX etc. – 16/06/10

Comments

[unwashedmass]

why are spreads blowing out everywhere across europe? what happened?

[unwashedmass]

JPM making slow but steady push down on gold now.....what is going on? why the panic?

[breezer1]

money is drying up. debts are having trouble rolling over. the political nature of gold and silver is becoming more evident and thus more dangerous to the thieves. getting to a tipping point.

[mephisto]

Gold was very steady in EUR or GBP.

At the time of day you posted, please bear in mind a lot of gold trading is going on in these currencies. Also, a 4 dollar move is ony 30bps, that can be the pit trying to find weak bids from the morning spike to 1237.

Back to 1235 on my screen, I hope you are happier now!

[unwashedmass]

well, the eur/jpy and the aud/jpy are dropping like stones. all those electronic "bulls" are going to have a tough time finding enough peasants today to take stocks off their hands before they end up holding....the bag full 'o cooties.

[unwashedmass]

you know.....not that anyone at JPM actually cares about the peasants, but you would think that they would care for themselves....

if we are going to have a collapse of the system, it would be far, far better for people if it collapsed in the summer, as opposed to the dead of winter. gonna be awful cold in the skyscrapers in January, and......i really don't see folks out here in the country racing to get on icy roads to take produce into the cities....

[the not so migh...]

+100 for summertime collapse/distruction/anarchy

[Careless Whisper]

Portugal, no need to worry. Crissy on facebook.

http://www.youtube.com/watch?v=qWNYyAemeAg