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EURUSD Opens Down 150 Pips, Breaks To 1.09 Handle
Contained-ish...
EURUSD trades 1.0997 before some stops bounce...
EURCHF tumbling (CHF bid)...
We wait to see where equities open... which could be a problem as USDJPY has collapsed (carry unwinds en masse)
Which implies a 40-50 point drop in the S&P...
And when the very visible hand of the SNB and ECB step in.
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Seems rather mild, but then, isn't the euro down something over 30% in the last year?
Timber, all fiat currencies fall against real fungible and valuable things.
RIPS
Tell that to my silver.
HEAR HERE ^
Silver for the Win!~
RIPS
... and just like that, its gone.
It's not that the Greek got a problem, but rather, the problem is that the Euro is worthless.
"Why did no one see this coming?"
-Reptilian Queen of England
Which "market" is open?
Are you talking about the "pre-market" casino rigging?
There is some pain out there right now...
Germany, Brussels and the ECB just just send the SS into Greece. Fix the problem in no time I bet!
Time for a cheap European vacation
don't know what ya all think will happen tomorrow...but I have a feeling the Monkeys will be attacking overnight and into tomorrow. They'll hammer the piss outta the paper PM's just like they always do.
Keep that dry powder ready to go though. If paper price gets whacked I'm wondering if anyone will be selling phyzz or how high premiums might go throughout the week.
wouldn't mind seeing the silver phyzz pushed down into the 14's. I know it freaks a lot of people out when the PM's get blasted...especially those who stacked phyzz at much higher levels in the past. But don't worry about that. Just keep stacking and cost averaging down and soon you'll have even more phyzz at a much lower cost per ounce.
Good luck to the people in Greece. Will the riot dog make an appearance on ustream once again? ;-)
Yes, PM's will be monkeyed. Hold the line for a bit.
Why would you think PMs will be monkeyed? There is tremendous stress in the financial system so PMs should actually benefit as safe havens. I bet gold would jump 15-25 bucks before tomorrow's close.
The banksters don't want any 'safe havens' apart from stockings er, stocks and bonds.
This could be more contagious than the ebola virus....
Jesus, first Ben Affleck is a slave holder,
now this.
Lawdy, oh lawdy won't you shed yo' grace on we??
Vorwärts in die Reichsmark!
BTFD until the banksters start a jumpin.
More like "btfd" until the politcians get shot would appear.
"Fed remains on path to full scale normalization."
Move along...
Amen, Buy The Fucking Drachma!
L+S DAX indicates a 400pts down for now.
Let's get it to .80 in time for Oktoberfest!
mit Tanz und Push-up-BHs;)
Free dirndls!
Now do we get a Niagara Falls, or a Rainbow falls? Or both of them and more?
The euro has already collapsed against the Bucky (high of a buck sixty) and there isn't even a concrete plant in Greece that can be open for business on Monday?
Call me when EUR/USD breaks below 1.04954, which was the close on March 15th, and the lowest close it's had in...basically forever, I think.
It was under 1.00 back in 2002 , I know because I get paid in Euros and dollars so watch the exchange rate like a hawk.
It was under 1.00 back in 2002 , I know because I get paid in Euros and dollars so watch the exchange rate like a hawk.
That's not even down to the levels before last months pop.
The dollar is king of the fiat shitpile!
HOORAH!
Only 60 euros a day will be available from the cashmachines after monday.
Most foodstores and gasstations are empty by now.
Source: De telegraaf - Dutch newspaper latest update.
This dump is nothing compared to the horrors that will be unleashed in FX if/when the Greek referendum is actually held.
IF Greece votes -and votes NO: you will see an epic crash in the Euro and Euro denominated securitites both corporate and sovereign.
CHF and Yen are gonna mimic riding a failed SpaceX launch even if The FED/ECB swaps are wide open.
silver.com selling eagles at $2.49 over friday's spot close... if it's not all gone this evening.
Its not that the dollar is strong , its that the Euro is weakening.