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Stocks Slump Into The Red After IMF Comments
While "Greece doesn't matter," the comments by The IMF that Greece needs its debt restructured and thus the creditors' proposals should be implicitly said "Oxi" to, has spooked US equity markets on this quiet illiquid day...
Perhaps Greece matters after all
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More important, has the 43.5 day exponential harmonic moving average been violated to the downside?
The Dow 200 EMA breakdown on the 1 day chart will soon be proven as false.
The Dow 200 EMA will fall like dominoes all the way to the one month day chart. /s
The equity market might have to actually take a loss and are shitting their pants just a bit. Apparently all sound and fury may signify something after all.......
The only thing that matters is the beatings will continue until morale improves.
I figured out how to improve my own morale.
I play draftkings all day and jerk off to pornhub. Sooner or later one of my lineups will win the millionaire maker. C'mon Bubba! I drafted you heavy at Greenbrier this week...
so lets see….continuing record demand accompanied by declining paper prices…yep, thats economic law functioning as it should…seems as though those who understand the fraud r taking advantage of it rather than “chicken little’n”
UPDATE 1-U.S. Mint American Eagle gold coin sales highest since January
NEW YORK, June 30 U.S. Mint gold coin sales reached a five-month high in June as the price of bullion fell to 11-week lows, while silver coin sales more than doubled month-over-month, the latest government data showed on Tuesday.
American Eagle gold coin sales jumped to 76,000 ounces in June, the highest since January and more than triple the 21,500 ounces sold in May, U.S. Mint data showed.
The boost came as spot gold prices closed the month down 1.5 percent, shrugging off concerns about Greece defaulting on a repayment to the International Monetary Fund as investors geared up for rising interest rates in the United States this year. The jump in American Eagle gold coin sales came as outflows of physically
backed gold exchange traded funds dropped around 0.8 percent in
June, falling for the fourth straight month. American Eagle silver coin sales surged to 4.84 million ounces in June, also the highest since January and more than double the 2 million ounces sold in May.
http://www.reuters.com/article/2015/06/30/usmint-coins-idUSL1N0ZG2MY2015...
JPM buying a big portion of that especially silver. It's quite a good trick they have; short sell paper pm's to drive price down then stock up on physical while it's cheap. We should all follow their lead.
Product is still available...which might not be true in any other currency soon.
Complaining about price?
Try "none at any"..
This is hard to believe, thought nobody was buying the stuff. Now I know why my local dealer charges $20 per phizz-oz.
I happen to have some phizz needing to be cash asap (home repair/wife) if you life in Jax area pm me, gold or silver at spot, max 1500 pieces of green toilet paper. Sorry for the intrusion thanks for letting it slide ZH. :)
they will ramp the mkt. green by 4pm can't give the sheeple 3 days to doubt our wonderful recovery...
FOR SURE.
fucking fraudulent bullshit...
IDK maybe they leave it down today since they probably hate everything July 4th stands for in America. I tend to think bankers and their lucerferian tribe prefer halloween and Christmas as their choice of holidays.
The holiday they hate the most - April 19 - Patriots Day.
Waco BBQ, OK City (Murrah Bldg), Boston Massacre.
It would be unpatriotic to have to worry over the holiday. In this thin market they'll be green by noon (if not already) lol. The sad thing is I don't have the guts to trade this fake market, one false flag away from a closed market like on nine eleven. No guts no glory I suppose.
Well after they resign or whatever, it's the Golden dawns time to step up and make some changes.
Will be interesting how this works out.
Golden Dawn--sounds like a breakfast tea
refreshing
Any party that slaps Marxist bitches on live tv has my support :)
The VIX also round tripped.
S&P 500 VIX 16.85 +0.76 +4.72%This International Mother Fuckers organization should be destroyed. Preying on the poor for permanent enslavement.
Corporations buying their stock higher, more even higher, borrow to buy higher even more, the times are so good we can't be wrong.
Oh oh can't borrow any more need to sell to pay down debt. Ring ring, yes this is wall street. We need to sell shares at these high prices. Ha ha ha, sell to who, you were the only idiots buying.
So, the IMF moving away from quite as hard of a line as the rest of the troika is seen as "risk off"? Not sure what the logic is - by market participants or algos.
"Greece needs it's debt restructured"... so we're letting the Jaresko Private Equity take this off of the IMF investors hands onto the bankers' hands? Like the German banker's hands?
We don't need no stinkin' DCF, LBO or debt to equity analysis- Greece will end up where Ukraine's gold is.
The EU and U.S. interests wanted Greece to be a part of the EU and they kind of flaked when Turkey went after Cyprus oil-leavivng Greece to finance military ops on their won (after they suffered rebuttals from inflation because they were a part of the EU).
I believe that the U.S. wanted to keep Russia away from warm water ports in the Balkan countries to push supply of energy lower and costs higher so the U.S. banks can get more petrodollar financed real estate ponzi schemes!
But wait! Turkey couldn't get into the EU because they wouldn't open their ports up to Cyprus? Turks export raw materials to OPEC, after Germany. So Turkey didn't have the burden of a high currency squashing their exports and could afford a stronger military than Greece.
Turkey and Germany trade with each other, they have ties. The U.S. who probably had Goldie Sachs compose the swap agreements with Greece to get them qualified for Euro membership... The U.S. sold military aircraft to Turkey.
If they cared that Greece could stay qualified and such- why didn't the EU help Greece's military in the first place?
This is why I think the EU OWES Greece.
Anyways, there's a rumor out that Argentina kicked out the IMF before the press badmouthed Argentina, and there was some scandal with FIFA. And that FIFA is the IMF.