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Chinese Stocks Nosedive After Stabilization Fund Exit Comments
Just when officials proclaimed Chinese stocks "the safest in the world," and added that "the stock market rout has been ended by timely measures," CSRC announces that they are studying an exit plan for the stock stabilization plan... and carnage ensues...
Even ChiNext has give up its gains...
We await the "just kiding" denial very soon.
Chart: Bloomberg
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Well, something needs to pay for those real properties overseas.
Gold and Silver slammed. Chinese stock market slammed. Coincidence? The tribe is telling the Chinese to stop fucking around. Wonder who will win this mob fight.
SSE down -0.44% after having been up back over 4000 again isn't exactly slammed or a nose dive
edit/// oh, i mean, +0.82%.... slammed indeed lol
All we need is Japan to take advange of its newly found Art. IX freedom and start shooting at the Chinese to really get the party in Asia going.
It's amazing what a trillion dollars of government intervention and a law saying that shares can only go up will do.
Chinese love the shiny stuff. That's the connection. That always was the connection even in 2009. They were responsible for the rise as they bloated up their commodities demands with trillions of bank lending, and they'll be responsible for the fall back to western normal gold price ranges of $700.
chinese/indian/russian demand means chinese normal IS normal
this $700 you speak of is abnormal Western temporary amnesia of golds role and value
Chinese demand was inflated by easy money from lending. That was not normal. Tens of trillions in loans are never sustainable.
When the Chinese deleverage more, your gold will fall even further like a ton of ...
and when I think the Bottom hits, I will buy Physical PM's. The lower it goes the more I will buy.
My wife calls me a Crow. I like shiny things. As for Silver.......It holds many properties.....
One thing in a complete Breakdown is that Silver known to keep Water and Milk Fresh.
Keeps infection away. Anti bacterial. Solar Panels.
you are correct and that is a factor. But then if you restore golds price to what it would be without the rehypoth paper slamdowns in the dead of night - and the false knock on effect that had on sentiment - and the 'gold fix' collusion - and gold should still be higher than it is today by a good few hundred
If this were true, I would expect to see pictures of Chinese lining up at their local 'dump your gold' store. It may very well come to that, but I don't see that yet. And if they did line up...you would still never see a single massive dump sell order. Last nights activity was definitely not caused by 100,000,000 Chinese selling their gold bracelets...it was a single whale splashing around in the pool.
China released its gold purchasing figures today - US$22 billion from 2009 to 2015. Even less than Russia, and only 1.65% of foreign exchange reserves.
I think gold enthusiasts were underwhelmed.
No more believable trhan the previous figure.
The 300 tons of domestic production per year just vanishes of course.
Doesn't add up.Real gold holdings are the most important state secret.
it's the chinese equivalent of the fed raising interest rates
i love watching first timers flail about in the rothschilds debt web,
the more they move the worse it gets until they are cocooned and ready for devourment and used as egg hatcheries.
like amerika
Tyler, you keep "bagging" on China.
I love you MOAR every day. The MICEX is trading just over 4:1 P/E ratio.
The "risk premium" on debt in general, is "dirt cheap".
Complacent traders get eaten/
Update: "And by 'EXIT' we really mean 'go in deeper to fight capitalist Jew short-sellers.' Sorry for any confusion. Love, Xi "
You're a babbling idiot! Pay attention to the Macro.
Traders make money because they don't get "personal".
I fucked myself with conviction trades. People should listen to your advice.
Chalk it up to> "Hell on Wheels", reruns
And neither do the politicians that sell us down the river for a few bucks. When things are no longer about personal principles and only about personal profit, we end up where we are today.
Trade on....
I hope you spend it well.
WAR in GOLD !
This might be useful for a day trader if any of them still exist. Let's take a look at 1Y for a better perspective. In this case, someone brought a firecracker to a nuclear war.
Oooooh, down 150 points. Hardly a nosedive.
Jump right on in
Chinese Taper Tantrum!
Please, don't take, my punchbowl, away....
How can pieces of virtual paper be considered suddenly worthless?
How can it be?
Don't they realize the dream-value and the expert-opinion-value?
Anyone with 2 cents of knowledge knows that commodities can't be hedged. They're at "rock bottom" prices.
How do you hedge a finite resource when it's already oversold, (paper price) and intererst rates(production costs) are at ZERO?
You DON'T. You use un~levered cash to "buy back" the Mis-Forgivings of others.
Same as it ever was. Bitchez
Commodity prices are damn low, but it's a stretch to say they're at rock bottom prices. They've got a ways to go yet.
If you buy Chinese stocks, you deserve to get your ass reamed. Hell. if you buy
U.S. stocks at these valuations, ditto.
You either join the idiot parade or you don't.
Yes you can make money gambling. I don't ever dare say earning it. Nobody earns money in the stock market. Just like placing a bet on the craps table. While you are winning, the game is fun.
There are people smart enough to know the game is rigged, but they still play. I guess the lure of obtaining winnings without having to do anything for it is too strong.
Of course putting what you have saved over 20 years of toiling in a rice paddy seems like a good idea when that money turns into many multiples of an amount you could have never earned in three lifetimes.
The question that needs to be asked is if there should ever exist an opportunity to do so. It seems obvious that it shouldn't be possible for a company valuation to represent over a hundred years of earnings in as little as three months. It is an impossibility for any company to perform at that level. Let alone the true reality that the corporations are most likely bankrupt using any semblance of real accounting.
If you live in a dream world or realise that it is nothing but a dream, are you any less of a fool for participating in it?
If you invest in this market or any market, you are allowing this con game to continue. Obtaining I'll gotten gains because you know the game is rigged and think you are smart enough to beat the system does not excuse participation in the first place.
For six years the market has soared and a minority of the world has seen their net worth climb. Putting off the great reckoning and making the inevitable fall cause far more destruction. We have deviated so far from the mean. The world we leave to the next few generations will be unrecognizable to those who came before us. I remember the past that has been almost destroyed. I live in the present that replaced what has been forgot. I see a future that will remove all traces of the past and leave a world that will never return to what was once seen as great.
Go ahead, invest. Make your money. As if your small fortune made through expanding multiples of money that will never be earned will somehow fix anything in this world.
Uh-oh, better crash tangible value! (Gold and Silver).
What a fucking Ponzi this all is!
Hory sheit! Chairman Mao!?
Big crashes lead to depression, which leads to business failures, which leads to massive unemployment, which leads to political pressure, which leads to blaming, and finally, the ultimate desperate distraction, war.
I'm out of the entire racket but long TP and Forever postage.
haha!
I would short forever postage given the post office sell off.
Dear Fed,
Please raise the price of gold. Why? To prevent a global ...
http://michaelekelley.com/2015/07/20/dear-fed-plz-raise-gold-price/
Thanks
Cabalists, You Magnificent Bastards, I Read Your Books:
http://winteractionables.com/?p=22932
Stop dicking around China, just tell us what price you're going to make BABA settle on August 14, 2015.