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There Go All The Dollar's Gains
Remember, way back when, when the dollar was supposedly on its way to rediscovering the little engine of growth that could just after the monthly NFP number came in just 30k below where it should be for the US to regain jobs list since December 2007, and the Fed was about to end debasing the US currency? Look again.
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Toilet Paper bitchez!
The other currencies are dollar derivatives. If the dollar is toilet paper, what does that make the euro, yen, and pound?
The ugliest hoes in the stable.
Looks to me like we could have started a dollar rally.
Bearster, you're totally right. The fall in the dollar especially against the Euro is a total illusion. Would it surprise anybody here if the Euro (due to to sovereign default risks) were to fall back to 1.1. It's an easy media spin and it would make the banksters billions.
Without encountering the false, the superficial, the distorted, and the deviant, I can’t experience the truthful, the deep, the clear, and the healthy.
They run but they can not hide behind this sham for to much longer. At some point soon all the people who have been driven (thru the preaching of hate, lies, and false promises) into splintered cultural sub groups (like hearded animals) are going to realize it costs them twice as much to drive to the store to buy half as much with the same amount of money they spent 30 days ago.
Come spring, the picture not going to be pretty and there really is no place to hide.
Vernal equinox been and gone bf.
Don't hold your breath.
Nah, once peoples' bellies start grumbling or they are freezing in the winter things will change. The politicians don't care about inflation unless it is in food and energy. Give "the people" some credit...they might not be able to think but they can sure as hell feel.
They will re-elect Obama when he promises cheap ice cream and edible iPads.
If the dollar is toilet paper, what does that make the euro, yen, and pound?
In no particular order - 1 ply, 2 ply and sand paper.
Who else bought the dip with both fucking hands today??
Me. I bought silver at 9 am with all available cash. Didn't get the "best" possible price but I sure as heck am not complaining. I only wish I could have more days like this. I don't know why I can't....It just seems that too often I buy too late and sell too early. Anyway, happy Friday to you and enjoy your weekend. Are you going to book profits today or hold through the weekend? I'm thinking book 1/2 profits and hold 1/2.
Good trade! I wouldn't hold "trading" positions over the weekend... the risk/reward isn't sufficiently advantageous. Of course, core positions are core.
Thank you for your kind thoughts Justibone. I think you are right. I believe I will hold 1/3 core position and book 2/3 profit. The headline risk these days is just insane, and Monday is a long way off in this market. With my luck, the Fed would somehow raise rates on Sunday at midnight.
http://cowles.econ.yale.edu/P/cm/m04/m04-26.pdf
The Silver Confiscation Act of 1934
Never heard of this one.................Ahhhhhhhhh, and the theft continues at will.
We are the Sheeple.
Gold and silver confiscation was ordered and the people promptly ignored it. No need for confiscation today. First off the collectible tax rate applies to gold and silver. They already plan on confiscating a large %. Second the USA holds gold for other countries. Third gold can be liberated at the same time as oil. Fourth the amount of gold and silver held by individual Americans today doesn't amount to squat. I'm sure there are plenty of other reasons
+1000
There will be no confiscation. But there will absolutely be taxes on metals transactions, which will amount to a confiscation of value.
Buy Gold and Silver folks, but as a standard rule of common sense -- don't put all your eggs in one basket.
I'm not too sure of that. There are a bunch of gold and silver coins held as collectibles. If the IRS raised the tax rate for gold & silver, they would also have to raise the tax rates on other collectibles that are in the same capital asset class.
However, the IRS can always specifically exclude gold and silver, and tax at a different amount. But, if they did this, then how would they collect the tax? Capital gains/losses have historically been taxed/paid at the time of reporting (April 15). If people don't have money on April 15 to pay the Capital Gains tax, then the IRS is left in the cold. If things really go to hell, no one will be paying income tax unless it is withheld in advance, like payroll taxes. The only way to avoid that is to collect the tax at the time of purchase/sell of gold or silver, and that becomes burdensome for mom & pop coin sellers. Not to mention that the mom & pop coin shops would have to pay/remit on 4/15 also. There's no guarantee that mom & pop will do that either.
Confiscation is still the best & easiest way to collect gold & silver.
Shovel, bitches.
DON'T SAY SUCH THINGS!
YOU CAN'T USE EURO'S TO WHIPE YOU ASS!!
do you have any idea how many bacteria a euro bill contains?
and your thumb goes right through...
Use AUD's then, made of plastic will certainly protect your thumb. Will make a mess, though, no absorbent quality.....
what drug are you guys taking? the euro is much healthier then the dollar. they havent been printing as much euros as we have been printing dollars. if the reserve currency becomes a basket of currencies that will damage the dollar and help euro and other currencies as well. just because the dollar is shit, doesn't mean all the currencies are equally shit or even worse. of course PMs are best of all.
Please inform us, Bill...where do bailout euros come from again?
According to FOFOA, the Euro was designed specifically to survive a dollar crisis since its reserves are both gold and dollars. So as the dollar crashes, gold goes up (like a see-saw) and the Euro is still backed by something of value. However, regardless of how well designed in theory, the EU as a whole still has the same problem that the US does of structural deficits (some countries more than others) that require them to continuosly conjure new fiat.
The US printed it but the EU needed it and couldn't print it.
I just read a report today that showed Belgium banks where one of the biggest loaners from the FED when the crisis hit. DEXIA, FORTIS... they all went to FED's window of opportunity and got it.
None of it was communicated and today's report link was on the bottom of page 4 of a financial newspaper.
They'll still need to repay it but nobody knows how much.
That means the dollar is stronger then you think and the euro weaker then you think.
interesting. but as long as the markets are pumped up...won't the euro be as well? if there is a repeat of 2008, then of course the dollar should gain. but is that happening? in my humble opinion the u.s. dollar is almost like a sacrificial lamb being offered up to the god of inflation....to reduce the trade and fiscal deficits....and of course the whole reserve currency issue is a threatening one. the usdx 10 or 20 year chart looks horrible.
"Used" toilet paper
on the Drudge right now.
NO JOKE: Foriegn banks recieved most of FEd handouts."
I think that's fucking haliarious.
Where is John Stewart? He wont touch this.
I think he will. I don't think he's on Fridays, though, so next week you will hear about it... I think.
Fiat sucks. "My money, piss on thee. Sweet land o' hypocrisy..."
What if the bills are counterfeit and mass-produced in the first place.
Fuck you Bernank, only you can use the Kyoceras huh, bitch!?
http://readingeagle.com/article.aspx?id=298579
"Jew confetti"... hey, i like it, what can i say.
Shalom!
.
Jejeje! Ve vil control you goyim dogs!
Bernankenfetti is more topical, I think.
mortuus republica imperii Vivant
Reset your charts to 68. This will be the magic number
you mean 1928 don't you.
you mean 1928.
STFS - Sell the fucking spike
+1
"I think I can I think I can..."
I stand corrected.
Just BTFD
If there is no FD, then it was all priced in.
DXY 25 here we come!
Jim Willie sez 03/23/2011:
Surf Warning: Tsunami to Lift Gold
news.goldseek.com/GoldenJackass/1300910400.php
"Notice how the USDollar continued to decline, going below the 76 support level for the DX index. Despite the weak futile pathetic rebound, the DX index remains the former support under 76."
U.S. Dollar Index Chart
http://www.chartseeker.com/images/USDX-24HR-LG.png
High today $ 76.61 Currently: $ 75.90
Both precious metals will double in price in the next few years.
Double in the NEXT FEW YEARS? What??? That's an awfully tame prediction for JW. I disagree! For one thing, they will much, much more than double in the next few years. Secondly, how can you pair silver's prospective future percentage gain with that of gold? You can't. First time I've been disappointed in Jim Willie.
OT: When everything goes...Wrong Side Up...
http://www.youtube.com/watch?v=W0Uju3tYS2s
inflation is good when there is mega debt, and if the dollar goes 100 to the Yuan there will be hope for the US economy. So print away Benocide. The US worker will then compete head on with chinese slave, USD and yuan, ass to sweaty ass.
fucking halarious... ass to sweaty ass
right about now robottrader and judge smailes are having cows given the rebound in silver and gold. but not to worry. the next time the metals come back a percent we'll get a chart from the robotard and a shriek from the judge telling us it's ova .....
anybody else buy the paper dip? can't buy the physical dip since physical prices didn't budge.
be happy is friday
http://www.youtube.com/watch?v=JNDcuVMnFbc
WTF
EUR/USD up a penny and a half in 2 hours.
DAM the manipulation.
You should look at more than one chart. I would suggest GBP, CHF, copper, gold, silver. They all have the same shape from the overnight (as does the yen) in the morning in NY. They rapidly fell, and then rapidly rose. The eur and gbp rose higher than their starting points, the others, not quite so high.
The point being that there is more to it than the euro (or the dollar).
...something like water seeking its own level?
The index, it subsideth like a balloon untimely prick'd
LOL! Thanks!
wild and crazy volatility in the forex market!! Friday's use to be calm days....
Obama Express has left the station. Choo, Chooo
I was thinking of buying a cord of wood for this winter but I think I'll buy a cord of Dollars instead.
http://en.academic.ru/pictures/enwiki/73/Inflation-1923.jpg
This is why every FRN includes the phrase "In God We Trust" because we certainly can't trust the people who print it up by the metric kilo-ton.
Its the same guy who prints the paper that prints the phrase : double Houdini trick, make you believe god is a believer in phony green back! What does that make God? a con artist or a conned man?
Let's do something, not whine. Alec Baldwin would be good president. He's critical of Obama, and mad at nuclear bullshit
If we want to create change, we can start it.
Or we have discussion on who we choose for president. Then we get them on ballot.
I nominate Baldwin. If agree with me, everyone try to contact Baldwin, let's get his name on the ballot.
Charlie Sheen for Prez, Winning!
voting for president is like voting for a PR rep of a huge multinational corporation. Do you really think Obama, or GW were the actual deciders. They are just spokesmen, you can vote for Baldwin, or anybody else - its not going to change a thing. There is only one way to change things, you have to kill them and take their stuff - there is no other way.
I like this free money the market wave-makers are giving....just keep those nice predictable rollers coming in and let us bodyboard ourselves out of slavery..
http://www.youtube.com/watch?v=IZ0bPt0fQV4
Government Stealing Basketball Hoops: (This is a (PVRT) Patriot Viral Response Test
The dollar is trying like mad to rally. "It has fallen and can't get up." It's hard to see how the dollar can rally as long as the FED wants inflation and continues with QEII with threats of more. The only thing that could get the dollar to rally is a flight to safety. But since the wars in the ME didn't do it, the nuclear meltdown didn't do it, soon to be default in the PIIGS did not do it, it's hard to imagine what would make people buy the dollar. I think it is interesting that investors would rather own the debt of countries that are likely to default, rather than US Gov debt.
www.TheAngryGrapes.Com
The flight to safety is now Silver and Gold. Whenever Blythe attempts to beat the price down all she does is create a buying frenzy and it's back up in just minutes.
NFP was skyrocketing between 2002 an 2007 and the dollar was poleaxed. Those who believe there is a 100% correlation are clueless.
But it did lend credibility to the Fed's noise about ending QE2 early and raising rates this summer. So either it didn't lend very much credibility, or people are beginning to believe that an end to QE2 and 50-75 basis points aren't going to matter for the dollar.
fx, oil and pm's whipsawed as equities continue their breadthless march upwards on this bang up NFP print...
oil slow steady march upwards.
pms took a jab to the ribs, but it glanced off. back dancing and going in for the ko.
the most cost effective way to perform the revolution is to buy physical silver...The more people that do it the better...if we can use leverage to help acquire more silver then do so....but keep acquiring. Millions of thousandaires can corner a market better than one billionaire.
In the judgment of some...
...it is neither wise, nor moral, to utilize leverage to end the debt system. You can fight fire with fire, sometimes, but you're just as likely to get burned. My goal is to be patient, and buy metal with both hands... but not using leverage.
That's my point of view, anyways.
of course the dollar is nose diving...how the fuck else are they supposed to inflate this ponzi market?
the dollar tends to, with alarming regularity, go off the cliff as the opening bell sounds. The odds of this being mere coincidence are less than zero.
take advantage of the whipsaw...sell a little on the rallies and buy a little on the dips...keep building the base...and regularly add to physical.
Tyler, can you create thread for ZH community to nominate a President.
"Those who cast the votes decide nothing. Those who count the votes decide everything"
Joseph Stalin
You sure that wasn't Karl Rove?
Same thing.
What makes you think the next President would be any different than Bush and Obama? Face up to the reality that the Empire is in rapid collapse. It's hit the proverbial ice berg and no matter how the deck chairs get rearranged, this pig is going down.
Who the hell junked that statement of fact?
Obummer, McInsane, who ever -- it won't make a difference this is a runnaway train.
It's just you and me.
http://www.youtube.com/watch?v=7akUtLs9teQ
Interesting to get junk numbers for wanting action. Tells me about this community.
You all sit at your computers giddy with doom. Poor yous.
oh no... the dollar's being devalued... nooo...........................
.... ? seriously ?
Purchased any Food and Gasoline lately?
Such a surprise to see the US LOLlar poleaxed...out of the blue no one had any idea!
was good while it lasted. thanks dudley. let's hpe his plane goes down on the way back from costa rica
geez, i was going to switch some of my rollover money to Swiss francs, but it looks like there's no safe currency. APMEX on my speed dial now...
There is NO such thing as a safe Currency.
Only different in which one deflates the fastest.
We have Out Greeked, the Greeks.Just lookk at the numbers.
The dollar is being let down SLOW, and there is a meeting in Nanjing( we were not invited), on just WHAT to do to remove the $ as Reserve Currency.
It's like a G-19, with the IMF at the table.
Their only problem is HOW does the world get rid of the dollars, which no one wants, but are caught in a catch 22.
Why wouldn't they just keep selling their FX reserves and refusing to partake?
I'll give you 1 euro if you give me 2 dollars.
I'll give you a black eye for 1 euro.
what you gonna do? Stand up on a chair and expect me to stand still why you try to take a swing at me?
wait untill 2020
On a long enough timeline the survual rate for the dollar is...
On a long enough timeline the survual rate for the dollar is...
Is this a whack-a-mole against the SLV longs...?
Dollar up, SLV down...
Dollar down, SLV up...
If so, Blythe is still losing...
The PM rebound after the drop following the NFP release was interesting. People are definitely BTFDs of PMs these days.
+1. They have announced increased employment and threatened a) an early end to QE and b) interest rate increases this summer and they get... nothing. Hmmm...
hello draw the channel, this is exactly like what happened on the gap down for the dollar on 3/23. dollar bull. Plus if you read your boads you will see my postings last night about never having stop loss, but stop limits, with the computers there never is a day that gaps down without at least touching the low of the day prior. so you should almost always put you stop loss as a stop limit with a nickle clearance, same with buy stops when is the last time there has been a real gap down in anything
hello draw the channel, this is exactly like what happened on the gap down for the dollar on 3/23. dollar bull. Plus if you read your boads you will see my postings last night about never having stop loss, but stop limits, with the computers there never is a day that gaps down without at least touching the low of the day prior. so you should almost always put you stop loss as a stop limit with a nickle clearance, same with buy stops when is the last time there has been a real gap down in anything
hello draw the channel, this is exactly like what happened on the gap down for the dollar on 3/23. dollar bull. Plus if you read your boads you will see my postings last night about never having stop loss, but stop limits, with the computers there never is a day that gaps down without at least touching the low of the day prior. so you should almost always put you stop loss as a stop limit with a nickle clearance, same with buy stops when is the last time there has been a real gap down in anything
hello draw the channel, this is exactly like what happened on the gap down for the dollar on 3/23. dollar bull. Plus if you read your boads you will see my postings last night about never having stop loss, but stop limits, with the computers there never is a day that gaps down without at least touching the low of the day prior. so you should almost always put you stop loss as a stop limit with a nickle clearance, same with buy stops when is the last time there has been a real gap down in anything
EURUSD
http://www.zerohedge.com/forum/99er-charts-0
Only patriotic morons believe that the USD should rally.
BTW:a USD rally would really kill the US.
MASSIVE resistance ahead
http://markettechnicals-jonak.blogspot.com/
on Fri, 04/01/2011 - 14:14
#1125837
EURUSD
http://www.zerohedge.com/forum/99er-charts-0
.
O M G W H A T I S T H I S L I K E P O S T 1 . 124 M I L L I O N I S H I O B E Y
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could be in time these here posts will be worth more than just some crap from 3 yrs ago
.
6000 YEARS IN THE FUTURE BITCHEZ
oreo cookies half volume at same price at 99 cents store. Got Milk? $4 a gallon.
Looks like the dollar broke it's multi year trendline.
It's heading to 40 by august. Golds about to go on a ride in the crazy chair.
http://en.wikipedia.org/wiki/Ejection_seat
.
Gee, with all the Fed talk of no QE 3 and raising rates, one would think the dollar might bet a bump. No mas.
Yes - and the NFP number to back up their swagger. Still no takers. Wow. I think they hit the wall.
Taking the longs off for the weekend, after some reflection they will come back on monday.(margined to the hilt on the premise that they will, oh dear, dont feel good about it in the slightest...but if thats not a squeeze, i need fucking glasses)
15grains (3x5) ag@260usd per oz on ebay
potential estimate
Silver's highest weekly close in the last 30 or so years.
Tis but a head fake, a subminuette wave 2, to shake off the last of the dollar longs. Perhaps the worm has turned? Boy, wouldn't that piss off virtually everyone, maybe even the all powerful (perceived) chairsatan himself. He'll have to take action to make it look like he caused it. I doubt the road to hyperinflation will be linear... wild swings in and out of inflation/deflation is better for destroying the last vestiges of production-minded morality. The new pain train is more like a roller coaster.