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Dollar Tumbling To Record Low Against Swiss Franc, New Lows Against Yen

Tyler Durden's picture




 

For an early look at the risk aversion gripping the market look no further than the USDCHF and the USDJPY, the first of which just took out 0.75, and the second now almost at BOJ intervention levels. Ironically, since the math Ph.D.s have still not recalibrated their models, it is very likely that the collapse in the dollar will lead to an explosion in ES courtesy of the inverse correlation, which will once and for all confirm that global capital markets and now nothing but a robotic circus.

USDJPY:

USDCHF:

Cross currency:

 

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Sun, 08/07/2011 - 15:28 | 1533539 lolmao500
lolmao500's picture

It's all bullish.

And in other news, SP says that France is stable. Mwahahahaha

Sun, 08/07/2011 - 15:31 | 1533556 DoChenRollingBearing
DoChenRollingBearing's picture

+ Un Beaucoup!

Sun, 08/07/2011 - 16:02 | 1533687 Highrev
Highrev's picture

Let’s see who’s shouting SELL from the rooftops (besides ZH and the majority of the rest of the blogsphere):

Citi Battens Down The Hatches, Prepares For Global Risk Offness In A Few Short Hours

Goldman Cuts S&P 500 Price Target, Charts The Market's 10% Correction

PIMCO: "U.S. Downgrade Heralds A New Financial Era"

Gloating China Says "Has Every Right To Demand US Address Its Debt Problem", Asks For New Global Reserve Currency

S&P Downgrades US To AA+, Outlook Negative - Full Text

That’s the short list (I’m sure there are dozens more you could add).

And as for “emergency” headlines:

Dollar Tumbling To Record Low Against Swiss Franc, New Lows Against Yen

Joint Statement From Merkel And Sarkozy On Global Financial Crisis

G7 Preparing Statement To Support Dollar, EU, In Fact Everything That Would Otherwise Collapse Tomorrow, Before Asia Open

Former PBOC Member: "The Situation Is Unsustainable. The Longer It Continues, The More Violent And Destructive The Final Adjustment Will Be....

Emergency Meetings Galore: ECB To Hold Crisis Conference Sunday, G20 To Hold Call At 2230 GMT Tonight

Again, that’s the short list (I’m sure there are dozens more you could add).

REMEMBER FOLKS: what everybody knows isn’t worth knowing.

Good luck next week everyone.

http://www.zerohedge.com/news/first-response-downgraded-non-event-saudi-...

Sun, 08/07/2011 - 16:07 | 1533701 trav7777
trav7777's picture

yes...recall that in 08, the most savage counter-trend rallies (and 07) were when things were abolutely the bleakest.  When we were hours away from shit coming apart, BSC fail, LEH fail, etc.  The only time when stuff went really down and stayed there was during the LEH days but it effectively bottomed a month or two later then we got the 100% nonstop rally.

Sun, 08/07/2011 - 17:41 | 1533986 DoChenRollingBearing
DoChenRollingBearing's picture

24hgold.com shows SOMEBODY is now trading gold:

$1665 up $2.00 (numbers approx.)

Sun, 08/07/2011 - 16:43 | 1533831 glenlloyd
glenlloyd's picture

I'm having an 'emergency meeting' as well, but it's of far more importance. Mine concerns the lack of refrigerated beer in the house and why it was ever allowed to reach such a critical level.

You can expect a statement shortly

Sun, 08/07/2011 - 16:47 | 1533844 nmewn
nmewn's picture

There ya go...LOL!!!

Does this debt make my ass look fat? ;-)

Sun, 08/07/2011 - 16:51 | 1533854 JohnG
JohnG's picture

Ahhhh, no Michelle, it's your big fat ass that does that /sarc

Sun, 08/07/2011 - 17:44 | 1533995 CrankItTo11
CrankItTo11's picture

Haha. I'm sure there's a drinking game we could invent relating to currency destruction.

Sun, 08/07/2011 - 18:30 | 1534218 tom a taxpayer
tom a taxpayer's picture

Maybe someone forgot to pay the electric bill? :)

Sun, 08/07/2011 - 16:35 | 1533798 MillionDollarBonus_
MillionDollarBonus_'s picture

I personally will be buying the dip in long-term bonds. Obama is a strong and courageous leader who knows how to inspire confindence. Congress has demonstrated great courage with their bipartisian compromise, which bodes well for the future.

Sun, 08/07/2011 - 16:39 | 1533814 Long-John-Silver
Long-John-Silver's picture

^^^ I hope this is sarcasm ^^^

Sun, 08/07/2011 - 17:33 | 1533827 Quixotic_Not
Quixotic_Not's picture

Holy shit! A certified kool-aid guzzler on ZH...LOL

What's next, (D) & (R) Free Shit Empire™ paid political advertisements?!?

Well, I guess we've already got some of that rhetoric happening in the contributors section (BK anyone? LOL)

Maybe political database integration is the reason for ZH crashing every 60 seconds?

:rollseyes:

Sun, 08/07/2011 - 16:42 | 1533828 BlackChicken
BlackChicken's picture

I just threw up...

Sun, 08/07/2011 - 16:52 | 1533866 Midwest Prepper
Midwest Prepper's picture

I totally agree with your comments about our great leaders in Washington.  And everyday when I ride my unicorn to work at the North Pole with Santa and the Easter Bunny, I tell anyone who will listen!

Sun, 08/07/2011 - 17:45 | 1533999 CrankItTo11
CrankItTo11's picture

I laughed so hard reading this that I scared my girlfriend. The best!

Sun, 08/07/2011 - 17:00 | 1533878 RockyRacoon
RockyRacoon's picture

'Nuff said:

Member for  3 weeks 6 days
Just dropped in to lay a unicorn egg -- never to return and retort.
Sun, 08/07/2011 - 17:11 | 1533899 Abitdodgie
Abitdodgie's picture

Sometimes when you have smoked that much meth you think crazy things , they must of been on it since Friday

Sun, 08/07/2011 - 17:04 | 1533885 Doña K
Doña K's picture

Said the three week member ringer.

Chingada-koufala

Sun, 08/07/2011 - 17:30 | 1533957 MagicHandPuppet
MagicHandPuppet's picture

This comment makes me truly miss the *JUNK* feature.

Sun, 08/07/2011 - 17:39 | 1533980 Ratscam
Ratscam's picture

wall street patsy?

Sun, 08/07/2011 - 17:44 | 1533988 Hacksaw
Hacksaw's picture

You Zero heads are so pathetic. The things you propose the country do is like finding out your wife is two months pregnant, but you haven't poked her in six months. You get so upset that you cut your own pecker off so that it can't happen again. All the while the rich guy who knocked her up is laughing his ass off over in the corner as he's plotting how he can knock up your daughter too.

Sun, 08/07/2011 - 17:51 | 1534007 Quixotic_Not
Quixotic_Not's picture

You forgot to add the part where the whore used the money the rich guy PAID her at the spa and to binge on iShit...

Sun, 08/07/2011 - 17:20 | 1533933 slaughterer
slaughterer's picture

$ to 0.  ES to infinity.  Equities explode on US debt downgrade!

Sun, 08/07/2011 - 15:29 | 1533541 Captain Benny
Captain Benny's picture

Confirmation that both gold and silver will be up... wonder how long this panic will last before the big boys step in an manipulate away the pains...

Sun, 08/07/2011 - 15:51 | 1533647 Doña K
Doña K's picture

Best thing to do for the Swiss and the Japanese central bankers to stabilize the FX, is to print print print and buy gold, silver, real estate, mines, forests, ports and other good assets up the kazu non-stop. Then print some more and buy each others currency. Meaning the Swiss to buy Yen and the Japanese to buy Swiss. That in the end will save both of you. 

HURRY BEFORE OTHERS DO!

Sun, 08/07/2011 - 16:11 | 1533712 FidelityBoy
FidelityBoy's picture

I'm long silver but I can tell you that your certainty that it will be up, after all is said and done, could well be misplaced.  Wasn't silver taken to the woodshed on Thursday when gold was up - in sympathy with the base metals?  Then on Friday silver was down - although base metals and gold were up.  If copper has the crap beaten out of it tomorrow, it's more likely than not that silver will be beaten to a pulp as well.

Sun, 08/07/2011 - 16:52 | 1533846 Quixotic_Not
Quixotic_Not's picture

The trend is FIRMLY in place for long silver, as a safe medium for storage of wealth.

Now if your definition of long silver is flipping it on a quarterly/annual basis for capital gains, you WILL be taken to the woodshed on a regular basis.

EOM

Sun, 08/07/2011 - 16:52 | 1533865 Smiddywesson
Smiddywesson's picture

After all is said and done the dollar will reach zero, so where does that leave silver.

I am heavy gold, but I bought silver too. Silver is clearly the more easy to manipulate, but over the long haul, it is going where gold goes. Real value win out in the long run, when paper prices are only a distant memory

Sun, 08/07/2011 - 16:16 | 1533734 SilverRhino
SilverRhino's picture

It will last right up until the NY open and then expect MASSIVE manipulation downwards.   And that manipulation will last mabye 2 days tops before PM's gain it back.

Sun, 08/07/2011 - 16:33 | 1533770 malikai
malikai's picture

I don't think so. They'll let it have it's run and once enough weak money is in at the top and silver particularly becomes vulnerable, it will be takedown time, possibly from a new high. I'd say now is a perfect time to own a bunch of out of the money calls. But I'd be sure to unload enough to book a little profit when silver is around $50.

Just what I think..

Sun, 08/07/2011 - 16:35 | 1533793 Captain Benny
Captain Benny's picture

That is the exact position I have taken.  I own some OOM calls on paper silver with a plan to exit as silver approaches its recent high.  During the exit, of course, it'll be converted to physical (If I can find any available).

Sun, 08/07/2011 - 16:57 | 1533876 Smiddywesson
Smiddywesson's picture

The difference is everyone is moving from a "PMs are a bubble" mentality to a "How do I time the price manipulations so I can buy" mentality. That changes everything.

Sun, 08/07/2011 - 16:19 | 1533745 wandstrasse
wandstrasse's picture

print the pain away, putaz!

Sun, 08/07/2011 - 16:27 | 1533760 Gringo Viejo
Gringo Viejo's picture

If the past is used as a probable indicator, government entities will be stomping on gold & silver with jackboots in a couple of hours. Question is....will they be over ridden by arkets forces?

Sun, 08/07/2011 - 15:29 | 1533544 rajat_bhatia
rajat_bhatia's picture

Holy Shit!! Has the world come to its end yet? LOL

Sun, 08/07/2011 - 16:09 | 1533683 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

If the R"oman" deciders had not skipped the year "zero" on the sun calender, then it would have been 2012 that saw the Mayan end date.  Instead, due to the mathmatical flaw, it will be 2011.  Perfect for the year of Solomon's Joachim and Boaz.

Sun, 08/07/2011 - 16:33 | 1533771 hedgeless_horseman
hedgeless_horseman's picture


Dollar Tumbling To Record Low Against Swiss Franc, New Lows Against Yen

Watch these out takes from 1981 movie Rollover.  It'll give you nightmares... http://www.youtube.com/watch?v=GPYLJoq_40Y

Sun, 08/07/2011 - 16:36 | 1533808 wisefool
wisefool's picture

I'll bet if somebody looked hard enough, the number 21214 would show up somewhere in the organization of Jim Cramer's Charitable (tax free) Trust, that invests primarily in gold, and dispenses profits to cronies ..... like every other tax free thing listed in the 60,666 pages in the US tax code.....

Sun, 08/07/2011 - 17:18 | 1533922 New World Chaos
New World Chaos's picture

But then if we fix the flaw, wouldn't we be calling this year 2010?  Either way, end of the Mayan calendar would be end of next year.

Sun, 08/07/2011 - 17:54 | 1534037 Pinktip
Pinktip's picture

Youtube "In Search of"   Mayan calendar. (late 70's)

Leonard Nimoy is clearly stating it is Oct 28th 2011

 

http://october28th2011.com/

Sun, 08/07/2011 - 18:58 | 1534345 agNau
agNau's picture

Guy's, the simple truth is they ran out of room on the rock! So now there will be new theories about who stole the next rock.........AND, what did those Mayans invest in to hedge the "end"?

Sun, 08/07/2011 - 15:29 | 1533546 DeadFred
DeadFred's picture

Don't bet that the algos have not been recalibrated.

Sun, 08/07/2011 - 16:10 | 1533709 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Release the Algos!

Sun, 08/07/2011 - 15:30 | 1533552 DoChenRollingBearing
DoChenRollingBearing's picture

That was ugly!

Sun, 08/07/2011 - 15:31 | 1533554 MsCreant
MsCreant's picture

Who watches a robot circus? Other robots? Can sentient humans intervene anymore if we decided we wanted to? I can only think of one way-- Pull the plug on the whole thing. That, unfortunately, won't happen.

Sun, 08/07/2011 - 15:49 | 1533639 Uncle Remus
Uncle Remus's picture

long emp devices

Sun, 08/07/2011 - 17:26 | 1533945 Abitdodgie
Abitdodgie's picture

I think there is a big EMP device due to go off on the 26 of September

Sun, 08/07/2011 - 17:55 | 1534043 Uncle Remus
Uncle Remus's picture

get ready to rumble

Sun, 08/07/2011 - 15:54 | 1533661 scatterbrains
scatterbrains's picture

no they can't they sellers have sold and are long gone.. no selling left to be done. Only short sellers who's stop will be run over by the robots.

Sun, 08/07/2011 - 15:31 | 1533555 Popo
Popo's picture

So much for last week's BoJ intervention. Care to play again, Japan?

Sun, 08/07/2011 - 16:40 | 1533817 Captain Benny
Captain Benny's picture

The duration for which the JPY interventions are lasting is shortening... If they do in fact intervene again, I wouldn't be surprised to see the trend continue.  The central bankers are in denial and really think they can fight the market indefinately.  They should've studied math in school, they'd probably have learned that this exponential growth equation cannot work forever in a world of finite resources.

Sun, 08/07/2011 - 15:31 | 1533557 glenlloyd
glenlloyd's picture

Domo arigato, Mr. Roboto

Sun, 08/07/2011 - 15:32 | 1533561 Misean
Misean's picture

It's all contained, as it is a transitory phenomenom. In about 15 minutes green shoots will be popping up left and right, and all will be bright and shiny.

Sun, 08/07/2011 - 16:03 | 1533692 Bastiat
Bastiat's picture

"Green shoots" is that like pushing up daisies?

Sun, 08/07/2011 - 16:14 | 1533724 trav7777
trav7777's picture

I wouldn't be surprised if SP issued an upgrade tonight or before open depending upon how bad things look overnight.  SP doesn't have any credibility anyhow

Sun, 08/07/2011 - 16:29 | 1533782 CrashisOptimistic
CrashisOptimistic's picture

I'd say no, t.

I think they were looking at criminal prosecution in Europe.  They have downgraded eurotrash paper that had better numbers than America's.

They somewhat had to do this to the US.

OTOH, an upgrade can certainly be purchased, for a rather hefty fee.

Sun, 08/07/2011 - 16:35 | 1533791 malikai
malikai's picture

How about S&P upgrades the US tonight due to an "accounting error" or the FBI raids them and their executives for conspiracy on Monday morning?

Sun, 08/07/2011 - 17:26 | 1533948 wisefool
wisefool's picture

Both!

"See this shovel, start digging"

"Why?"

"I'll tell you tommorow"

Sun, 08/07/2011 - 17:43 | 1533991 trav7777
trav7777's picture

The UK still has AAA?  WTF...they are more bankrupt than nearly anyone and have been doing more unsterilized injection aka QE than we have.

Sun, 08/07/2011 - 15:30 | 1533562 bigdumbnugly
bigdumbnugly's picture

hmmm, "it is very likely that the collapse in the dollar will lead to an explosion in ES courtesy of the inverse correlation..."

pm's up - dollar down - ES up -

so miners...  in a rational world should finally explode.

 

Sun, 08/07/2011 - 15:31 | 1533568 Temporalist
Temporalist's picture

Awww I want to Vote people down and/or junk them...now I have neither.

Sun, 08/07/2011 - 15:36 | 1533580 hedgeless_horseman
hedgeless_horseman's picture

flag as whining (1)

Sun, 08/07/2011 - 15:42 | 1533609 DoChenRollingBearing
DoChenRollingBearing's picture

If this leaner version of ZH keeps us running tonight, I am happy to take it.

I am sure their servers are running extra-hot!

Sun, 08/07/2011 - 15:51 | 1533646 Uncle Remus
Uncle Remus's picture

+1663 and rising

Sun, 08/07/2011 - 15:52 | 1533656 LeBalance
LeBalance's picture

/smokin'/

Sun, 08/07/2011 - 18:09 | 1534123 Miss Expectations
Miss Expectations's picture

MUST make room for old school returnees.

Sun, 08/07/2011 - 16:18 | 1533741 Implicit simplicit
Implicit simplicit's picture

Mr. Hanky from South Park has sidled up to one of his fans a little too closely.

Sun, 08/07/2011 - 16:09 | 1533706 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

+1

Tuco

Sun, 08/07/2011 - 15:35 | 1533574 stormsailor
stormsailor's picture

thats my thought when i saw the /dx down .47. /es should gap up.   i guess we shall see

Sun, 08/07/2011 - 16:18 | 1533577 Translational Lift
Translational Lift's picture

it is very likely that the collapse in the dollar will lead to an explosion in ES courtesy of the inverse correlation,

Cool.....That means NO QE3......

Sun, 08/07/2011 - 15:33 | 1533579 RedPirate
RedPirate's picture

I guess you could reach mr. Hildebrand now in his office, if you tried...

 

Sun, 08/07/2011 - 15:37 | 1533584 Oh regional Indian
Oh regional Indian's picture

Tomorrow is going to be a fore-shadow to what is coming on August 15th. Too much coincidence that August 15th 1971 was a Monday too? And a Nixon aide is on the record sayign that th edecision had been made long before, they just wanted a propitious window.

ORI

http://aadivaahan.wordpress.com/2011/08/04/many-drafts/

Sun, 08/07/2011 - 15:52 | 1533655 24KGOLD FOIL HAT
24KGOLD FOIL HAT's picture

40 years we have wandered in the fiat desert...the yellow brick road is ahead.

Nixon also slapped a 10% tariff that August evening...that might take till Jan 30, 2013!

Sun, 08/07/2011 - 16:36 | 1533811 Spastica Rex
Spastica Rex's picture

I've got August 15 on my calendar. I'm rootin' for Eastern mysticism. I want to believe.

Sun, 08/07/2011 - 17:19 | 1533923 MobBarley
MobBarley's picture

Oh goody! I love times and dates and laws! I'm thinking that when Mbooboo of the 6 comets

rotates in the central void of Hollywood's red light district, and the house of Morrison

is in the Seventh Astral plane, that Gabriel will be seen blowing Micheals horn

in San Francisco! Uhmmm...

 

Sun, 08/07/2011 - 15:37 | 1533599 A shaped recovery
A shaped recovery's picture

Bombs away!

Sun, 08/07/2011 - 15:38 | 1533603 wang (not verified)
wang's picture

I'd love this so much more if it wasn't for that long ETF I have been holding since late May

I have such fond memories of the  Bear Stearns Sunday night sitting in the club lounge at a hotel in FL watching CNBS and explaining to the hostess that she was witnessing history

 

Sun, 08/07/2011 - 15:48 | 1533626 trav7777
trav7777's picture

I had sold my LEH puts that Friday expecting a better set of terms.  Left $125k on the table on that one by not waiting till Monday lol

Sun, 08/07/2011 - 15:46 | 1533617 vast-dom
vast-dom's picture

Petrodollars!

 

Yipeeeeeeeeee!

 

Grab on to your panties tight gents!

 

Sun, 08/07/2011 - 16:36 | 1533801 CrashisOptimistic
CrashisOptimistic's picture

This is the item that is largely almost forcefully forgotten.

Brent is $109.  WTI is the ONLY oil grade in the world under $100, and it's among the least used.

WTI being quoted as "oil" is the true joke of 2011.  The Brent Spread is now 23 and it was < $5 on 1 January.  This is all a very quiet evisceration of civilization.

Sun, 08/07/2011 - 15:48 | 1533627 Flore
Flore's picture

it will be a non event..

Sun, 08/07/2011 - 16:15 | 1533731 maxmad
maxmad's picture

Yep limit down in dow futures and 10% spike in gold and silver!

Sun, 08/07/2011 - 15:48 | 1533628 irishlink
irishlink's picture

Maybe that first chart should say RIP and NOT GIP. So happy to see we are back to the old format. Hated that reply option and that up and down voting system. THANKS Tyler.

Sun, 08/07/2011 - 15:49 | 1533640 whisperin
whisperin's picture

I'm not sure that the ES will be up. There is a good chance the inverse correlation will not hold. Foreign interests may decide to sell dollar denomiated assets to preclude further currency losses. What is that phrase "selling begets selling"? Then there is the margin issue... It will definately be something to watch

Sun, 08/07/2011 - 16:41 | 1533825 mt paul
mt paul's picture

sell for what....

ugliest girl at the dance time ...

Sun, 08/07/2011 - 15:50 | 1533641 Pure Evil
Pure Evil's picture

What happened to the comment box.

Are we now allowed to comment outside the box, as oppossed to thinking outside the box?

Sun, 08/07/2011 - 17:44 | 1533993 CrockettAlmanac.com
CrockettAlmanac.com's picture

Witness the box transcended.

Sun, 08/07/2011 - 15:50 | 1533643 Sudden Debt
Sudden Debt's picture

recalibrated?

I'VE GOT RECALIBRATION COMMING OUT OF MY EARS!

WHERE'S THE GOLD AND SILVER I SAY!!??!!

Sun, 08/07/2011 - 16:00 | 1533682 narapoiddyslexia
narapoiddyslexia's picture

Two hours to go, SD. Do you have a good supply of Depends on hand?

Sun, 08/07/2011 - 16:12 | 1533716 Sudden Debt
Sudden Debt's picture

What's depends?

If you mean PM's, I've got enough to buy the city where I live in AND KICK EVERYBODY OUT WHEN THE SHITSTORMS HAPPENS!

Not everybody... Only the guys and all the ugly chicks :)

Sun, 08/07/2011 - 16:23 | 1533755 wandstrasse
wandstrasse's picture

I will visit Suddengent or Suddenwerp or Suddenbruges or Suddenxelles or Suddenknokke or whatever city you buy as tourist No. 1!

Sun, 08/07/2011 - 16:31 | 1533776 LeBalance
LeBalance's picture

you were very very close in your comedic city naming.  It is:

Sudden Twerp.

/thanks for the lmao!/

Sun, 08/07/2011 - 16:41 | 1533820 wandstrasse
wandstrasse's picture

thanks for the directions. I have as much PMs as I can possibly have, it is not enough for a city, but it should be enough for a trip to Sudden Twerp after the worst phase of the 'shitstorm'. are you from the french frie inventing country, too?

Sun, 08/07/2011 - 17:01 | 1533884 DoChenRollingBearing
DoChenRollingBearing's picture

@ Sudden Debt, "Depends" is a brand for adult diapers here in the US.

Something we may all very well need in the next 24 hours...

Sun, 08/07/2011 - 17:16 | 1533913 Sudden Debt
Sudden Debt's picture

In Europe it's not really a problem. The reason why Americans have so many problems with leakage is because of the bad hamburger meat. :)

I'm really enjoying this crash! I'm prepared like a boyscout :)

Sun, 08/07/2011 - 17:35 | 1533970 DoChenRollingBearing
DoChenRollingBearing's picture

OHH!

Almost had a "Depends" moment there...  LOL...

Hear ya, re prepared like a Scout!

Sun, 08/07/2011 - 17:59 | 1534056 DoChenRollingBearing
DoChenRollingBearing's picture

Suggestiion!

At T minus 2 minutes and counting, NOW would be a good time to take that bathroom break...

Sun, 08/07/2011 - 15:49 | 1533649 Temporalist
Temporalist's picture

Talk about fight club bitches!  This Currency War is just in the begging rounds.  Who's going to tap out?  Bet on metals.

Sun, 08/07/2011 - 15:54 | 1533662 LeBalance
LeBalance's picture

"currency war in the >begging< rounds."

aptly stated

Sun, 08/07/2011 - 15:51 | 1533650 chinaguy
chinaguy's picture

glad I bought a shitload @ $1.16

Sun, 08/07/2011 - 15:50 | 1533657 css1971
css1971's picture

Yay, it's alive! A bit of a code efficiency problem there? It's all maths you see. So many programmers have no idea the maths they are implementing. You just need to throw an infinite amount of hardware at the problem. Like Google.

 

Anyway... Did anyone else notice the 35 billion volume on the S&P 500 on the 22nd?

http://chart.finance.yahoo.com/z?s=^GSPC&t=3m&q=l&l=off&z=m&a=v&p=s&lang=en-US&region=US

Sun, 08/07/2011 - 15:53 | 1533658 Troublehoff
Troublehoff's picture

Just noticed this on one of the big UK mail order bullion sites:

No more orders for gold/silver being taken due to 'unprecedented demand'.

http://www.bullionbypost.co.uk/

Sun, 08/07/2011 - 16:32 | 1533766 moriarty
moriarty's picture

Site is down now.

could it finally be time for


www.youtube.com/watch?v=ZM0e1m9T9HQ

21.31 bst back up gain

Sun, 08/07/2011 - 15:56 | 1533667 Haole
Haole's picture

Take a look at the prices this Canadian dealer is posting for gold and silver...

 

They were just over CAD$3K/oz but have adjusted again.

 

What the fuck is going on?

 

http://silvergoldbull.com/s/

Sun, 08/07/2011 - 15:58 | 1533678 razorthin
razorthin's picture

Not so fast on the assumption that equities will rise. It could be that just all real money and near money rises (e.g., SF and PMs).

Sun, 08/07/2011 - 16:20 | 1533747 maxmad
maxmad's picture

agree dollar will get trashed along with the stock market (foreign investors will dump) PM's will gap open higher!  New highs for gold and silver on the open!

Sun, 08/07/2011 - 16:04 | 1533694 Rick Blaine
Rick Blaine's picture

Green shoot???

Sun, 08/07/2011 - 16:18 | 1533739 Cult of Criminality
Cult of Criminality's picture

Like punji stick

Sun, 08/07/2011 - 16:05 | 1533695 ceilidh_trail
ceilidh_trail's picture

Up in Canada for a few weeks. $5.20/gallon gas here- coming below the 49th parallel before we know it... Points toward further nongood news...

Sun, 08/07/2011 - 16:02 | 1533696 jplotinus
jplotinus's picture

Equities rise/fall, so what. Up one day, down the next. It's all an illusion. And you guys talk about "joe 6pack"??

Pot, meet kettle.

Chill, folks. We're having a financial crisis brought on by greed and the illusion that owning something or another results in "security." It doesn't. It's time to learn and grow as a species.

Sun, 08/07/2011 - 16:12 | 1533715 Translational Lift
Translational Lift's picture

profound.........

Sun, 08/07/2011 - 16:06 | 1533700 JustACitizen
JustACitizen's picture

"No Toyota for you"

"No Honda either"

Get to the back of the line!

 

In some ways - a collapse of "globalization" would be a very good thing...I think we would miss some "stuff" but I think it would be good for us all to learn that we can do without.

We shall see how this plays out.

Now, we will have the "global elite" trying to preserve the status quo.

Sun, 08/07/2011 - 16:19 | 1533744 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

No. the demon elite caused this so we would run to their arms for help!  Problem, Reaction, Solution.

Solution, one world currency and worldwide police state.

Tuco

Sun, 08/07/2011 - 17:59 | 1534057 Bananamerican
Bananamerican's picture

"a collapse of "globalization" would be a very good thing"

Here Here!

It's a small world after all.

Globalization=Global Plantationization

Sun, 08/07/2011 - 16:13 | 1533710 digalert
digalert's picture

Looks like the Mon-Fri econo/analyst/journalist crowd will be glued to the news next 24hrs, rather than Sunday funday off.

P.S. the comment layout changed back, I like it better this way.

Sun, 08/07/2011 - 16:17 | 1533737 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

It's only "transitory".

Tuco

Sun, 08/07/2011 - 16:13 | 1533722 alien-IQ
alien-IQ's picture

I expect ZH servers will be down within the next two hours.

Let's face it, when the shit hits the fan, people know where to come to find out why and what's next.

This is gonna be one nutty fuckin night.

I'm very excited:-)

Sun, 08/07/2011 - 16:18 | 1533738 maxmad
maxmad's picture

agreed... got the paper towels and depends ready... Tonight will make history!!!  It will be apparant to Joe Six Pack that the dollar will be dead!

Sun, 08/07/2011 - 16:34 | 1533786 alien-IQ
alien-IQ's picture

I agree that the USD is toast...however, I think it's gonna pull a Sampson option and take everyone else down first. It will be the last fiat standing...and then things get truly weird.

"When the going gets weird, the weird turn pro"

Hunter S. Thompson

Sun, 08/07/2011 - 16:36 | 1533809 Temporalist
Temporalist's picture

killer quote

Sun, 08/07/2011 - 16:37 | 1533805 Peter Pan
Peter Pan's picture

"'This is gonna be one nutty fuckin night.""

MAKE THAT: ONE NUTTY FUCKIN WEEK

Sun, 08/07/2011 - 16:12 | 1533730 Sudden Debt
Sudden Debt's picture

Tyler, I LOVE THIS RETRO STYLE LOOK!

Can't you keep it this way? No need for the boxed comments, it's just to square.

 

Sun, 08/07/2011 - 16:44 | 1533833 Highrev
Highrev's picture

And a good old fashioned +1.

Sun, 08/07/2011 - 16:43 | 1533838 Spastica Rex
Spastica Rex's picture

I agree w/Domo. Makes ZH special and whatnot.

Sun, 08/07/2011 - 16:56 | 1533871 wang (not verified)
wang's picture

ZH rigged for battle

website frills jettisoned

site traffic ready to smash records

Sun, 08/07/2011 - 17:17 | 1533918 DoChenRollingBearing
DoChenRollingBearing's picture

That would be my guess too.  Strip the features so they can run more traffic.

Going to be hot and heavy in 45 minutes.

I hope Sacrilege is there at the controls, loading more gerbils into ever more servers...

Sun, 08/07/2011 - 17:35 | 1533966 HellFish
HellFish's picture

rigged for battle <-  LOL

Sun, 08/07/2011 - 17:50 | 1534021 CrockettAlmanac.com
CrockettAlmanac.com's picture

"Clear for action!" as Hornblower would say.

Sun, 08/07/2011 - 17:09 | 1533893 RockyRacoon
RockyRacoon's picture

ZH is prepping for a good fight:  Shirts off, bare knuckles.   Stripped down and ready to rock!

Who needs thumbs up/down on a night like this?

Even tapping out has been deleted from the rules.  The last man standing wins.

Sun, 08/07/2011 - 17:23 | 1533931 Sudden Debt
Sudden Debt's picture

those thumbs up and down don't serve any purpose.

If you could win a bottle of scotch for every 1000 junks, it would have a purpose....

 

I've also just read that ZeroHedge is being DOS attacked on the comments. I don't know if it's true but it stood on a hacker website.

 

Sun, 08/07/2011 - 17:29 | 1533954 Quixotic_Not
Quixotic_Not's picture

I think some of us have realized there was a DoS attack going on for quite some time now...

ZH has become a top tier website, and I betcha TPTB & TBTF would love nothin' better than to see it disappear!

Carry on ZHers, the dominoes are falling again and we're about to see some genuine wailing and gnashing of teeth ;-)

Sun, 08/07/2011 - 18:03 | 1534094 Husk-Erzulie
Husk-Erzulie's picture

Red and green arrow script was always hinky in Firefox (5.0) anyway.

Sun, 08/07/2011 - 17:44 | 1533996 wang (not verified)
wang's picture

I agree time to lose the avatar  - let Business Insider substitute frills for substance

now if only we could have a thumbs up thumbs down vote on the vote widget

Sun, 08/07/2011 - 17:15 | 1533911 doggings
doggings's picture

I like this old style better too, conversations seem to flow better

Sun, 08/07/2011 - 16:16 | 1533732 lubyanka
lubyanka's picture

Where do these quotes come from? New Zealand isn't open yet. And Factset doesn't have any updated quotes on USD yet =/

Sun, 08/07/2011 - 16:22 | 1533750 At120
At120's picture

Forex is open.  PMs are not -- not until 6pm EST.

 

 

Sun, 08/07/2011 - 16:25 | 1533758 Caviar Emptor
Caviar Emptor's picture

Final score: plutocrats $10 Trillion citizens -$10 Trillion

 

Plutocrats win! These guys and girls are the winners! They have style, they have the moves! I want a plutocrat T-shirt: Go, Plutocrats, Go!

 

 

Sun, 08/07/2011 - 17:19 | 1533925 DoChenRollingBearing
DoChenRollingBearing's picture

Plutocrats, bitchez!

Sun, 08/07/2011 - 16:28 | 1533759 Smiddywesson
Smiddywesson's picture

Announcing the first American mail order bride service, Smiddysamericanhotties.com. Be the first oil sheik to order up a little blonde surfer girl from the comfort of your den. These women are hot, and they need an international man of means who can provide for them. Just listen to some of our testimonials:

Sheila: "Sure, some of these guys are old and fat or just don't bath, but I need a man with a job, not a kid with an empty wallet that lives in his mother's basement."

Paris: "Got PMs or get gone"

LaToya:  "Gir's gotta eat, show me the money bitchez."

Sun, 08/07/2011 - 16:31 | 1533778 camoes
camoes's picture

Show me the gold, bitchez, you mean

Sun, 08/07/2011 - 17:20 | 1533927 DoChenRollingBearing
DoChenRollingBearing's picture

+ $1660

Sun, 08/07/2011 - 17:33 | 1533963 Jendrzejczyk
Jendrzejczyk's picture

Smiddy, the sheiks have been ordering little American girls (and boys) for decades at this point , so your business model may need a few tweaks to get off the ground.

Payment up front would be advisable too, they tend to like to have their fun and then kick them out of the party without pay. Their attitude is "Who they gonna call, the police?"

Sun, 08/07/2011 - 16:31 | 1533777 writingsonthewall
writingsonthewall's picture

Tyler,

Tottenham riots now north london riots - moved to enfield.

 

http://www.guardian.co.uk/uk/blog/2011/aug/07/tottenham-riots-police-dug...

Sun, 08/07/2011 - 16:31 | 1533780 MiningJunkie
MiningJunkie's picture

Replacement power of stocks can only be higher in a "dollar collapse" scenario...however, all I have held for ages is physical gold, silver and a few Yukon exploration gold shares....Atlas will shrug again and the E/S will soar!

Sun, 08/07/2011 - 16:31 | 1533789 David Davidson
David Davidson's picture

ITS ON!

last fiat standing wins

 

http://www.youtube.com/watch?v=Y-rFT-uHm4w

Sun, 08/07/2011 - 16:34 | 1533790 RobotTrader
RobotTrader's picture

Euro is open, it gapped up a little bit.

But it could easily drift down throughout the evening.

All in all the Plutocrat response may just drift the markets sideways for a few days before the real hit takes place.

It really all depends on how BAC acts on Monday, imho....

Sun, 08/07/2011 - 16:44 | 1533843 Spastica Rex
Spastica Rex's picture

Thanks for letting us know what the Euro could do. Very helpful tip. Don't know what I could do w/out U.

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