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Ruble Plunges To Record Low As US Stocks Give Up Scotland "No" Poll Gains; Bond Yields Sliding
Well that didn't last long. The late-day exuberance inspired by a small sample size poll of Scottish independence voters has been entirely removed as America went back to war, the West prepares (boomeranging) new sanctions for Russia, and US macro data showed weakness (and for once bad news appears to be bad news). AUDJPY is in charge of stocks so far (as USDJPY fades back from 107). The Ruble has tumbled 4 days in a row and is now at record lows against the USD. Treasury yields are sliding this morning, as is the USD and gold is bouncing back modestly from early weakness...
Stocks lose yesterday's gains...
As AUDJPY leads then lower...
And the Ruble has collapsed to new record lows...
Charts: bloomberg
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The Brits are getting what they deserve for allowing the UK to be invaded by so many shit balls the Scots want no part of.
Angus Podgorny for first Scotland PM!
Wasting away in Obamaville
https://www.youtube.com/watch?v=0-tsgMsU4Ws
Oh this market will be skying off its lows right from 9:31...we have seen this story so many times. especially if no terrorist attack happens.
Nott!
US dollar vs Yen is about to implode:
http://www.marketwatch.com/investing/Currency/USDJPY/charts
I'm sure Putin is trembling in his boots (Not on the ground). With Gold reserves, Forex reserves and Debt/GDP ratio of <20%, does anyone really think that Russia has anything to worry about? Even more so for China. The paper games can only extend so far>>>??
The very premise Russia gives a shit what that exchange rate is, is based on flawed delusional Western fairy tales of the USD remaining the reserve currency one minute longer, which in reality it ceased being sometime 2-3 years ago, if not 5-6!!!
Russia holds the natural resources that have yet to priced in any form or currency, post USD fiat orgy!! Those resources are needed, whether you pay for them in USD's or with goats, grain, and 18 year old girls! The only question will be price and quantity??
When the neoliberal, globalist, corporatist, lunatics are done with their latest failed fiat experiment, some form of capitalist price discovery will return, and when it does, I hope you have "real assets" and not toilet paper money, if you want to stay warm or buy food!
Right up until the day it doesn't. The BTFDers will feel it.
Yep.. Be The Fucking Dope!
It just really hit me why Russia/China would want a gold backed currency. It would put an end to all this shit.
Never underestimate the ability of a banker, any banker, to debase their currency. One day the conversion rate from currency to gold is 1:1. Next day it's half. End of the week it's one quarter. And so on.
Exactly, the ruble declined in reference to what? The petrodollar. I don't think Putin is too concerned.
Exactly
Economic War. The Ruble, Oil. Gold etc. all being taken down. It can only go on for so long. Anyway you cut it, Russia comes out on top eventually.
Somebody give me a robust explanation why the RUB is down but he Ukie Hryvnia (UAH) is up against the USD?
No FX Manipulation by TPTB, right? Yellen!
if putin wanted to generate some love, he'd gazprom scotland to assure it of its energy needs going forward
that way the scots could referendize without regard to the particulars of which island, and under which flag, controls undersea energy resources
True dat. When I grew up there in the 70s and 80s you could visibly see the deline happening thanks to all the Muslims and Indians. The UK was once a nice place to live unlike now where it's become a shit hole full of intellectually deficient wankers. Vote Nigel Farage I say.
I have not been to the UK since the mid 1990s. I doubt I will ever go back. The NWO is ruining the UK, Europe and America. Scotland should just say no to Mohammed. Farage is the only choice.
So now every stupid poll result is going to swing "markets" one way or another?
Elsewhere: DC public skool assignment - compare Bush with Hitler!
http://tinyurl.com/n6pwuj3
False Flag Cometh....
What is this? Are fundamentals starting to matter again? Can't be. Must be the impending war with ISIS. Or.... the promised (threatened) Fed rate hike drawing closer.
It's another of a million Bear traps.
"the promised (threatened) Fed rate hike drawing closer"
That's never gonna happen in our lifetimes. At least not by the FED.
One morning we will wake up and Gold will be $5000USD..... What morning that will be, is the only question.
Agreed, and we both posted at 9:11!
ONLY 5000 USD??? Methinks you're a bit low (by at least 10X). ;-)
just like this morning in imploded down and all I do is shake my head in utter amazement
China and Russia Comex longs commeth
>Manipulation must end
>Lovin' the lies
It's just that the lies sound so much better than the truth. As long as the market just keeps making that nice "up and to the right" line, you can tell me all the lies you want.
If it's a day ending in "y", rest assured that the dip will be bought. They are lining up the next round of muppets to get cut to pieces once the unleash the odd-lots. Don't be a dummy and remember the dip is always bought.
u can be assured the there will be green arrows shortly, as '' investors'' come in and btfd
So if the Rouble/Greenback hits new lows and Russian oil is priced in Roubles that means Saudi has to cut back oil production to keep revenues up
Ashame, Russia did not start this but they will have to endure a lot of economical pain to see it through. Their resource driven economy is being attacked with manipulated lower prices and their currency is attacked such that the cost of importing certain necessities (food) will be more. Astounding how Russia is relentlessly painted as the agressor in the US. I have to empathize with Russia cause I know how violated/vulnerable I would feel if some quasi military beomoth like NATO was trying to set up camp in my back yard. I understand why the Russian people are so supportive of Putin's actions. I am a devout American but our endeavors there are demoralizing.
"I am a devout American but our endeavors there are demoralizing."
With you there, brother. It's just important to remember that the folks who actually control current nationstates, particularly but certainly not exclusively in the west, are not of those countries. They are above and beyond nationstates. It's hard to figure what action could be taken to bring them down that wouldn't be leveraged by them to take more control, more liberties, more assets,...
Record low in relation to other pieces of paper. The float is dirty either way - all the world's a stage carry trade.
www.roacheforque.blogspot.com
Gotta hand it to the imperial Fedcoats and their multinational borg buddies, their 'Russia by the balls' strategy is paying fiat-paper dividends today. Of course, all this FX/commodity manipulation prowess has been honed over the past 7+ years at our expense (savers everywhere). Witness the power of the Goldman Sachs Fx manipulation barrage, and the strategic deployment of the shock derivatives special forces. Dayum, that tail is wagging the dog! I wonder how many trilly in ruble shorts they'll throw into the line during the afternoon trading-war session. . .
Scot Indy is a manufactured ramp event. Talk it up about how bad YES would be, fix the vote to NO, and ramp the shite out of the markets. When was the last time a "vote" went against TPTB.
Strong dollar has +'s &-'s Obvious relation to spiraling prices of exports making them less viable. Sadly hasn't domestically affected food prices.
And now stocks and the USD have recovered. PMs tanking even more (of course).
This is all just noise. Stawks will close green today! You know it, I know it, and 'they' know it. The 'new normal'!
Tyler, you must realize by now that algos are plugged into this site. They are taking the oppposite trade from the very moment you post this stuff.
Please acknowledge this.
There's supposed to be another Scottish pole coming in around 22:00 GMT today. So, if you're trading the pound (£) be careful.
I've been dealing with some personal issues lately so I haven't been able to trade much. Obviously, gold broke down from its triangle the day after Labor Day and its on the brink of another capitulation move lower. Since I couldn't babysit any trades lately, I decided this is one of those rare times when the lotto ticket trade in options makes sense. And by that I mean buying deep OTM delta 20 puts in GLD or SLV out in Jan or March. The reason is because a capitulation move will be dramatic and fast. But you want to protect yourself from a spike due to geopolitical nonsense. So delta 20 will restrain a move against you without having to deal with a stop while giving you explosive exposure to the possible capitulation move. I know this is frowned upon in certain establishments but I do think there are rare circumstances when it makes sense.
The long side of the metals have been steadily liquidating and I suspect the same people behind the last capitulation move will be behind this one, meaning, they are surely accumulating a short position while they wait for the right moment to strike. Since it worked so well last time, I see no reason to design a new play. They might as well dust off the handy playbook from April 2013. It was no accident that the massive sell order kicking it off happened on a Friday morning. It started the avalanche in high volume US morning session and penetrated through the key support levels of $1525 and $26. The open of gold the previous night was around $1565. So it was down $40 before it even got to the all-important support level. The Friday close was $1475, down $90. But the true brilliance of the strategy was the panic it caused in the low volume Sunday night Asian session as everyone scrambled to get out. So if I was the team behind that Friday attack through those support levels from a distance away that would seem safe to the overseas market as they went home on their Friday afternoon, why not do it again?
The point is if it happens again, it can start from higher than you would think. The whole idea is to catch people off guard. And you'd have to at least give the odds of it happening on a Friday a little more weight due to how spectacular it worked last time. Although, a news event day is another possibility. The only real question is whether we get a bounce first. But now that gold is trading below $1240, it can happen anytime.
Btw, thanks for the book.
Currency wars, this could get nasty quick.
There are certain words and phrases I do not want to hear or read anymore in connection with the precious metals: "eventually," "finally," "ultimately," "someday," "at some point," and even "soon" -- since it is to be understood that by "soon" the writer/speaker means " sometime within this geological epoch, or at least during the aeons before the sun goes out."