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

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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.

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