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Gold & Euro Tumble As Draghi Promises More, Stocks & USD Jump
So the 'market' got what it wanted to start with - a rate cut into the red so banks can start charging for deposits - and despite an initial kneejerk higher in EUR and lower in stocks, they are now resuming to the path the central planners would like. EUR is down 40 pips and S&P futures up 4 points. The USD is rising (as EUR weakens) and there is significant pressure on gold and silver. Treasury yields are also sliding (despite the equity strength). The press conference is up next and Draghi has 'promised' to unveil more policy there... The reaction moves are fading as we post...so it better be good
Charts: Bloomberg
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Gold negative? Fuck me runnin'....
We are not going to print money - gold goes down
we are going to print money - gold goes down
we are thinking about printing money - gold goes down
we are talking about thinking about printing money - gold goes down
we are thinking about talking about printing money - gold goes down
They call that
M A N I P U L A T I O N
Brought to you by corupt bankers & the US government
When this thing explodes, and you have essentially chaos all over the United States -- I wonder where the American middle and upper-middle classes go? Every English-speaking country will be overwhelmed almost instantly, I could see Germany and Scandavia doing quite well. They have a huge problem with a shrinking population, nothing a little civial war and reverse Atlantic Migration cannot fix.
I cannot see them being welcomed at that point.
If you are not already there,forget it.
IDK --
Germany has a fairly large demographics problem, if they are able to import younger people with kids who are educated and/or semi-independently wealthy I think they'd be welcome. But the Obama phone lady, and those like her will get sent through the wood chipper.
As far as I can tell Obama phone types get sent to Scandinavia.
(To be fair the Obama phone lady later said O'bozo is a disappointment, although perhaps for wrong reasons ...)
Where I live the folks alive today REMEMBER their parents & grandparents talking about the last time the bankers screwed them over
They REMEMBER & are ready.
Where's that?
A truck goes by...
A dog barks...
A child coughs...
A man wins a $5 raffle...
The sun comes up....
You keep throwing out random phrases like that and you might accidentally hit on the trigger phrase for the Fed sleeper agent who starts the worldwide global financial cascade. Please be more careful in the future.
$5 raffle? You are generous. The rate we are going it won't even buy him a loaf here in a year or two. The part that miffs me just a little bit is the way metals are fucked with they won't be of much help by then.
Good opportunity to change money into gold or at least actual bills/coins. Pay to lend out fiat? You gotta be kidding..
how could you be surprised that gold is down on a no-print announcement? Seriously.... I understand the love of PM's, I love em too, but this for a change would be the expected behavior.....
STAWKS by the way should turn red today.... as this was a check to the Fed, to hold tapering.....
Remember this 6/4/2014, may well have been the top.......................
It was still an ease.
Russia and China are gonna be so bloody rich when this is over.
Whatever it takes...
Obama trying to scrape together a billion for that russia defense fund.
so they have finally discovered an "Easing" policy that makes the markets go higher and gold lower. That was their real endgame.
Gold under $1200 within the week.... the hope of the ECB doing more is what kept it up.... Time to buy more at $1175.
All news is bad news for gold. The FED hates people investing in gold. So they tell their "primary dealers" on Wall Street to sell paper gold to artifically keep the price low. This has been their plan since 2011. It will eventually be exposed. Gold should be at least $2000+ if it was not manipulated by the FED.
The FED wants no one to save and everyone into stocks, so when we crash were all in this together and crash together..
The fed can FOAD
corupt cowards
Not me, I'm buying Spain for 2oz when the crash comes!
did anyone hear the latest? the price of gold is rigged.
never bet against the house if you're a muppet.
Are 3 billion Asians muppets?
So, if the bank takes your money outright when you hold it on deposit.......then why the fuck would you keep your money in a bank?
Seems fairly fuckin' black and white to me.
Yep, TPTB want us to buy something real, indestrucable and cheap, like a house, land or GOLD!
Where is this cheap house you speak of?
An indestructible cheap house, mind you. Maybe it's made of gold?
Madness! This is Maaaaaaaddddddddddddddnnnnnnnneeeeeeesssssssssssss!
gold just sits there doing nothing, at least my bond fund nets out 0.01% apr bitchez. #WINNING!
I'm glad gold is dropping - or stagnating at this price. I still have 30% of my assets in € cash. Time to buy gold. Lots of it. Bargain bin prices allows the investment slow coaches enough time to move into gold.
Draghi is fucking up the Eurozone, screwing over future generations that will need to pay back all this debt and screwing over the already squeezed middle classes. Bubble economics at its worst. The most blatant large scale theft ever undertaken.
Its pretty amazing how gold andd silver are missing out on everything this last 6 months or so....everything else is setting records...stocks, bonds, IPOs...except gold and silver...the forgotten asset for some reason..you would think the MOMO guys would see this and start jumping in.....
see you blokes at $800/oz
You have no vision......I would have said $600/oz. I am a follower of the prophet Nadler.
Bullish in-home safe companies.
Bullish high speed angle grinders.
I would like to pay you to hold this $100,000. Do you think I could pay you a higher rate, if I deposit $500,000 ????
What deposits? If you keep feeding that goose USD's your going to get more gold.
My gold charts seem to be broken. There are these long green candles on them. I thought all the candles were supposed to be red?
Gold back over 1250.00
Cash position on standby, just waiting for that big fat finger take down on precious metals to occur.
and gold is back up - KA-BOING!!!!!!!!!!
Isn't this called defaulting on a loan? We'll pay you back, but we won't pay as much as we borrowed.
Same as when you buy debt with negative yield, like happened with German bunds sometimes. Not a default IMO.
I think if you're stupid enough to purchase that, you get exactly what you deserved.
Gold spiking now.