- advertisements -
'As a backdrop to all this was the failure of MF Global. They apparently held very leveraged positions in European sovereign debt. This high profile bankruptcy further animated the discussions and concerns about world-wide contagion from the Euro-zone.'
I'm listening... who else?
A recap of yesterday by Art, not his usual stuff...
Where's the history lesson? Where's the trivia/math question? Nope, not his usual stuff...
Stay very nimble? Nah I'll just stay out...degenerate gamblers, have your fun.
Let the jerkoffs play with themselves, agreed.
Blatant bid lifting in the Roach Motel [SPY]. If buyers for equities refuse to emerge, then create the synthetic bid via the ETFs. What a great job, managing an ETF, being the permanent whipping boy of the criminal syndicate Wall Street bankers. So do those guys walk around in chains and dog collars, or what?
DOW up +200 for any reason at all? Probably the pre-release of the next rumor, to be denied after close no doubt. Any amount of human destruction is totaly justifiable to save the few lunatics at the top.
I know awesome eh?
Chart looks exactly like 2009 before the market shit the bed in March.
This just in....MORE MASSIVE PUT BUYING IN THE XRT. And consumer discretionary stocks are...UP!
Anyone out there have any idea of how all of this crap in Europe will affect the price of gold in US dollars?
Can't say...but the distribution going on in burritos has us all in jeopardy. If burritos be against us, who could be for us?
We are all dead men walking until such time as burritos march higher. I'd sell everything.
Looks like he didn't care much for your answer, Cdad.
Must be because he is long gold...but also knows about the burrito correlation. It cannot be denied. As go burritos, so goes the Union.
The money deposited into european banks was lent to countries who cannot pay it back. The only solution is to print more euros to replace the lost money. So I would guess it will ultimately be gold positive.
You would have to first stop pricing it in USD.
Gold and Silver trade as a currency pair against, not with FIAT. Only way to get any numbers from those PM's right now. Make sure you don't make that mistake or you'll be attempting to translate a tangible asset with value against an IOU on a bit of paper/cotton/ink.
So instead of thinking of the value in terms of paper, think of stuff with value like a car or a house, or rent. (This is where gold/silver becomes very annoying). For the moment though, you might want to read up on barter systems to figure out how gold works into the equation as a currency.
The price of gold is clearly being manipulated. At this juncture in time a wise investor would be very bullish on physical fire arms and ammunition.
Art is playing with fire if he's got anything in there.
Hats off to Mr. Cashin.
So how exactly can you remain as nimble as a computer?
They were created by man, they can be solved by man
It's all fun and games until they are liquifying the dead and feeding them intravenously to the living.
Delicious and smooth.
RETIRE, PLEASE! Idiot.
We're all crazy for being involved.
And then the SEC came and arrested "the whistleblowers....sssssss"
Admit it Bulliot, somewhere in your head there is a braincell telling you to be extremely bearish
The noose tightens every day, regardless of headlines and hope
Bet someone just floated another rumor
Is that English wanker Simon Hobbs on CNBC over 5 feet tall? He even makes a Leprechaun look like a giant!
Bears screwed again.
When will they figure it out?
That multi-year periods of zero interest rates eventually spark huge rallies in equities.
And if stocks are shucking off all kinds of financial implosions and the worst economy in 75 years, what happens when things actually get better?
If XRT is $3 away from 3-year highs, how is that interpreted as a "bear market"???
How's that NFLX doing for ya asshat?
so, you think we're getting a little whiff of "fisk on" eh, RT?
just smells like a PPT fart to me, where:
a fart = a turd looking for a place to land
Wanted!!! Smart person who knows how the mess in Europe will affect the price of gold in the US.
Gold has a gap to 1730 that needs to be filled b4 there is the potential to sell-off, however I expect that after filling the gap it may drop back to ~1700 and rally from there, all margin increases have been absorbed, and going into the last 6-8 weeks of the year gold will be a much better place to be than any equities, BTW, I also expect Silver to rally even more, actually up to $39.20 by year-end, same reasons as gold (gap to $39.20) and a safer place to be with $40 being a true target by year-end. Hope this helps, and BTW, physical or paper doesn't matter in this case, I am buying SLV and GLD and selling some SLV Puts up to $38/Dec
"I am buying SLV and GLD"
And just when I thought you were smart?
What's your point? You asked a question, I answered with an explination and you say what? You agree, don't agree, knew this, what? and as was said as well, you could always do it yourself
Most people on the site believe the world will end so having paper gold and silver is a sham investment. Unless you have the actual gold and silver and never sell it you will be ruined. Although if you have physical gold and silver you'll likely just be shot and have it all stolen anyway so you're better off investing in a farm somewhere and hoping no one comes driving down the dirt road.
Why don't you do a little research and digging on your own, instead of relying on others to work for you?
Smart people don't care about how gold is valued in FRNs.
Maybe it's like a hamster in pre-death agony. There is a moment when organ system is failing yet hamster is chipper out and about eating and going about its normal functions and then..
The reason the market tanked during the last hour was not wholely the Greece spot. It was the word that the Dem Senate was talking again about a transaction tax...@ 15:47 specifically. Bozos!
What I expect from an old grizzly like Art Cashin is an honest appraisal of what is really happening on the floor, not 'markets bounced on news of the the Florida OJ report which showed spring frost was at a minimum and the citrus harvest is likely to be unaffected'. I expect him to say -bad smell at 3pm, when someone big and heavy intervened to ensure a closing recovery-, and explain what really is being manipulated.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.