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Traders Are Panic-Buying Colombian Pesos

Submitted by Tyler Durden on 08/28/2015 09:53 -0400

In the last 2 days traders have bought Colombian Pesos with both hands and feet, sending the currency soaring almost 5% higher.

This is the biggest 2-day gain since 2010...

It appears Bill Gross' debacle is over...

Charts: Bloomberg

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Fri, 08/28/2015 - 09:55 | 6481266 dimwitted economist

i would panic buy Ammo right NOW!

Fri, 08/28/2015 - 10:06 | 6481283 hedgeless_horseman

If I was panic buying it would be topless woman on a silver coin...

...or old-white dude with a beard on a gold coin.

Fri, 08/28/2015 - 10:08 | 6481322 TeethVillage88s

Numismatic Porn every time.

It is a Niche that hasn't been fully exploited yet.

Fri, 08/28/2015 - 10:12 | 6481346 hedgeless_horseman

Not porn, or a coin, but this gold statue of Kate Moss doing yoga is certainly erotic.

Fri, 08/28/2015 - 10:21 | 6481381 BlindMonkey

White people...SMH

Fri, 08/28/2015 - 10:27 | 6481406 Baa baa

God bless 'em.

Fri, 08/28/2015 - 10:26 | 6481402 Baa baa

In the nude

Fri, 08/28/2015 - 19:26 | 6483420 mkhs

That does not look like the Kate I know.

Fri, 08/28/2015 - 09:59 | 6481286 VinceFostersGhost

We need to ban Pixie Dust.....and we need to do it now.

Fri, 08/28/2015 - 09:56 | 6481269 Jlasoon

WTF

Fri, 08/28/2015 - 09:58 | 6481278 NoDebt

You got me. I'm scratching my head, too.

Fri, 08/28/2015 - 09:58 | 6481280 JJdog

If this is true, then who bough stocks in the last two days, and push 1000 points up in the Dow?

Fri, 08/28/2015 - 09:58 | 6481281 Glass Seagull

Cross border flows from Venezuela and Brazil. S. America is a mess right now.

Fri, 08/28/2015 - 10:00 | 6481284 ParkAveFlasher

Colombian pesos of course based on real output, exchangeable in empanadas for example. Logical marketplace. When the amoeba bursts, it ain't pretty!

Fri, 08/28/2015 - 10:00 | 6481291 stant

Cocaine backed currency , makes sense to me, think ill start one backed by glue

Fri, 08/28/2015 - 10:16 | 6481362 Dr. Engali

Driving that train high on cocaine.......

https://youtu.be/rLs_0h9_wXM

Fri, 08/28/2015 - 10:01 | 6481293 Bill of Rights

Is this a new brand of Toilet paper?

Fri, 08/28/2015 - 10:02 | 6481302 Dr. Engali

Meh, relief rally.

Fri, 08/28/2015 - 10:02 | 6481306 Joe A

Currency backed by a strong commodity: cocaine.

Fri, 08/28/2015 - 10:11 | 6481343 I AM SULLY

Finally ... (muh cocaine)

Fri, 08/28/2015 - 10:06 | 6481320 Keltner Channel Surf

Many traders after this crazy week are buyin' 'Columbian', but it ain't pesos they're after

Fri, 08/28/2015 - 10:15 | 6481361 Atomizer

Gringo currency wars vs BRIC currency to topple advance distructive phase in US power to sell oil for dollars only.

Allow the free market to adjust capitalism, rather than a Kissenger monopoly empire. We have more oil than the Federal Reserve can print Quantitative Sleazing money.

Hence, Obama wants to jump start carbon trading as a illegal currency scam to increase a 4% GDP modelling structure to demonstrate false growth.

Fri, 08/28/2015 - 10:24 | 6481396 Baa baa

Hmm... I like where you are going with this info. One more nugget in this convoluted system to worry about.

Fri, 08/28/2015 - 10:19 | 6481373 ElixirMixer

The currency is a proxy for oil prices. Nothing to see here.

Fri, 08/28/2015 - 10:50 | 6481510 bnbdnb

They are just preparing for the next few months of volatility. They need their blow.

Fri, 08/28/2015 - 11:21 | 6481675 no1wonder

Venezuela, Colombia Recall Envoys Amid Border Tensions

http://sputniknews.com/latam/20150828/1026292804.html

We can be sure CIA is behind this.

Fri, 08/28/2015 - 11:45 | 6481807 youngman

I live in Colombia.....I dont know why it went down so much....the commodities trade I guess...but the jump back up is curious too...but the central banks here do strange things...like if a family member is going to visit the USA..up the peso goes...lol

Traders Are Panic-Buying Colombian Pesos

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