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Dollar Tumbling To Record Low Against Swiss Franc, New Lows Against Yen
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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I've got a 100 + pip gap higher on the EUR/USD.
Almost the same on the GBP/USD.
The USD/CHF is getting hammered.
Uh, does than mean RISK ON?
RISK ON, BITCHEZ!! $$$ TO ZERO. EQUITIES TO INFINITY END GAME ON> NFLX TO $1000!! It is the SARKKOZY/MERKEL/USAA+ RALLY! ITALY AND SPAIN BEING BAILED OUT BY TRICHET. BUY AAPL, CMG, ET. AL> Same plan as a.lways. ROBOT-TRADER REVENGE RALLY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
http://maxkeiser.com/2011/08/07/james-turk-interviews-jim-sinclair/
James Turk interviews Jim Sinclair
Posted on August 7, 2011 by stacyherbert|
No that's some reserve currency for you. In fact, I have a reserve of toilet paper in the garage from the last case-lot sale they had at the store!
George Carlin's words ring truer today, "They don't give a fu@k about you."
http://lonerangersilver.wordpress.com/2011/08/02/george-carlin-they-dont...
The Young Plan was a program for settlement of German reparations debts after World War I written in 1929 and formally adopted in 1930.
It was presented by the committee headed (1929–30) by American Owen D. Young.
After the Dawes Plan was put into operation (1924), it became apparent that Germany could not meet the huge annual payments, especially over an indefinite period of time.
The Young Plan reduced further payments to 112 billion Gold Marks, US $8 billion in 1929 (US$ 103 billion in 2011) over a period of 59 years (1988).
In addition, the Young Plan divided the annual payment, set at two billion Gold Marks, U.S. $473 million, into two components, one unconditional part equal to one third of the sum and a postponable part for the remaining two-thirds.
The Committee, which had been appointed by the Allied Reparations Committee, met in the first half of 1929, and submitted its first report on June 7 of that year.
In addition to Young, the United States was represented by J. P. Morgan, Jr., the prominent banker, and his partner, Thomas W. Lamont. The report met with great objections from the United Kingdom but, after a first Hague Conference, a plan was finalized on August 31.
The plan was formally adopted at a second Hague Conference, in January 1930. Amongst other provisions, the plan called for an international bank of settlements to handle the reparations transfers.
The resulting Bank for International Settlements was duly established at the Hague Conference in January.
Get ready, because S&P is going to climb back to 1340 in NO TIME!!!! It will be swift. I imagine within 5-8 trading days...
As planned, they've conditioned you to think that way. If you are a nimble trader, you could get lucky. But don't be a sucker.
LONDON, Aug 7 (Reuters) - The Euro system of central banks
has decided to intervene decisively on markets to respond to
the escalating debt crisis, a euro zone monetary source said
after a European Central Bank conference call on Sunday.
Officials on the conference call carefully considered the
situation in Italy and Spain, and took note of a statement by
France and Germany which stressed their commitment to European
financial reforms, the source said.
"The Euro system will intervene very significantly on
markets and respond in a significant and cohesive way," the
euro zone monetary source said, adding a statement by the ECB
will be issued shortly.
And what have you accomplished beside proving my point?
PLEASE people. Calm down. EVERYTHING IS fine and getting FINER.
Just as it is with teenagers, this is ONLY a stage. A sort of "rough patch" in an otherwise WONDERFUL Highway named Freedom, Liberty & The American Way of Life (TM).
DRINK alcohol. (If a little is good, a lot is better!!!.)
WATCH AND BELIEVE YOUR TELEVISION. (Of course it is all TRUE! that's why it's on TeeVee!!!)
SHOP and MAX OUT THE CREDIT CARD! (QVC YOURSELF and Consume your way to Prosperity and Freedom!!)
and above all....HAVE FAITH IN THE SYSTEM!!
(You can defend the Homeland from the comfort of your own couch.)
Praise Be.
My Brother, yes! All bow down before the Invisible Hand and be saved! Consume and be born again!
Why do I keep forgetting what those three security digits on the back of the card are?
http://www.youtube.com/watch?v=8qrriKcwvlY&ob=av2e
Animal House - All Is Well!
http://www.youtube.com/watch?v=zDAmPIq29ro
PLEASE people. Calm down. EVERYTHING IS fine and getting FINER.
Just as it is with teenagers, this is ONLY a stage. A sort of "rough patch" in an otherwise WONDERFUL Highway named Freedom, Liberty & The American Way of Life (TM).
DRINK alcohol. (If a little is good, a lot is better!!!.)
WATCH AND BELIEVE YOUR TELEVISION. (Of course it is all TRUE! that's why it's on TeeVee!!!)
SHOP and MAX OUT THE CREDIT CARD! (QVC YOURSELF and Consume your way to Prosperity and Freedom!!)
and above all....HAVE FAITH IN THE SYSTEM!!
(You can defend the Homeland from the comfort of your own couch.)
Praise Be.
God, am I glad that the worthless post-WW2 era is now finally coming to an end.
No more kow-towing before an arrogant America and its stinking money elite.
No more kow-towing before the Rockefeller-Rothschild axis of evil.
Germany should stage an attack on the Bilderberg conference and have all its attendees killed, so that this madness is finally coming to an end.
It can only get better now.
"Germany should stage an attack on the Bilderberg conference and have all its attendees killed,"
You know...you could run for office on that platform alone and likely win.
You'd have my vote.
+1
let us include Davos attendees, please. The bad news is, this would just be a moment of relief. New power assholes whom we do not know yet are lurking and waiting for their moment to seize power and build their 'new' command-plutocracy. It will be different but not better in any way.
Throw in Jackson Hole and I'm on board.
Of course, you realize, the European bankers have been doing this for centuries and brought this to the US via the Federal Reserve Act of 1913, which made them founding members and owners of our TBTF banks in America. The Federal Reserve is a reconquista occupier of America which has grown into the biggest bully.
We share your hatred for these stealth regimes, and the squids, with their tentacles into everything.
http://www.telegraph.co.uk/finance/financialcrisis/8687768/ECB-acts-to-s...
ECB is now Bernanke!!!! Stocks will soar once again!
R-E-T-A-R-D.
USDCHF will rise back by morning. Short EUR not Dollar.
EUR at 1.44 is absurd. I don't know why they keep it that high.
In order to easy crisis EZ needs to devalueate EUR and cut interest
rates and they do just about appositive.
This is not the end of the USD but Euro is on the ropes. We may see some down weeks and months for the dollar, but at the end of the day, it's still better than the rest so could rise substantially before ultimately plummeting.
dollar will outlast the Euro by 2-3 weeks! Thats it..
Paraphrasing Lindsey Williams this year.....
"When the Euro fail, you have 2-3 weeks to get your dollar out of the bank"
Bank run.....dollar doomed anyhow.......
Fat lady on standby.
T minus 35 minutes...
Greenspan: US Can Pay Any Debt It Has Because It Can Print Money To Pay It
http://www.youtube.com/watch?v=-_N0Cwg5iN4
Epic.
but QE3 will not be hold up the Equity market!
I've got a 100 + pip gap higher on the EUR/USD.
Almost the same on the GBP/USD.
The USD/CHF is getting hammered.
Uh, does than mean RISK ON?
(Careful because the first reation is not always right, but then again, the basis for a gap and go is in place.)
Dollar off lows. The Safety dance has begun.
Musical chairs until the music stops.
Actually, the chairs are gone and the music stopped.
Chairs aren't gone... they're all slid astern, and the stacks are at a 45 degree angle.
That water sure is cold.
The question i ask my self is: Are these people in power willing not to print in order to save the system?
We all know they are willing to print, but what if its not a choice of banks or people; but banks or the system?
if they print the debt then the banks are saved but the system folds, do to criticaly high inflation.
And the banks may go anyway.
So far we havent seen nor do i think we will see the great powers panic or loose control.
But that means little to those who have built a lifestyle and a lively hood on a credit account they may no longer have access to; or can afford.
Why should a 40k a year salary purchase a 2million dollar lifestyle? Cash on the barral head or no sale. Could be our future, as it was our past.
Are we trading CFD's or Fair Value? NQ, SPX, DOW, ?
Listen up China is on the ECON calendar in a big way! Tomorrow! Cook those books ( WHO flung POO)
Saturday morning the local coin dealer (North West Florida) had a run on gold. He's worried that he will not be able to replenish his supply. His suppliers would not return his callls. Looks like the real thing is getting very scarce.
If you haven't made plans to buy gold or silver by now it may be too late.
He had to be dumb as a box of pet rocks to open the door and sell at Fridays closing price of Gold.
I think he just put himself out of the Gold and Silver business.
There many still be a little more time left. I bought gold twice in the last week or so, and there were plenty of Gold Eagles (although not 2010s or 2011s) and other gold. So, I bought Buffaloes, he let me have them at the same price as Eagles.
EDIT:
Imperfect widget at 24hgold.com (showing current premium of 8.0% over spot for AGEs) not indicating alarm. Also SOMEONE just started trading gold (as tracked there), gold down $0.90 / oz.
Which dealer? I called a bunch of dealers between Pensacola and Tallahassee and couldn't get anyone to sell over the weekend. Ended up ordering online from a retailer in Tampa at $1,750 per ounce. Hope they actually deliver, even that high above spot!
Try PC, they are open on Saturday all day.
Big dealers are not available on weekends! He will be able to reach them tomorrow.
Tuco Benedicto Pacifico Juan Maria Ramirez
When does ES start trading, up or down? anyone
5:00 pm Chicago ... bids building below 1170
ES bids at 1170 30 minutes before opening
The Denninger, nightmare scenario, sell everything USD denominated, is a possibility.
If big plunge, it's 50-50 that FED intervenes with liquidity
ROUND ONE 8PM EST JAPAN AGAINST THE USD
DONT MISS THIS ROWDY RUMBLE TO REMEMBER!
SPORTING A SUMO ASS THONG AND 400 POUNDS
OF BLUBBERING FAT, IT'S HIGHLY RADIOACTIVE JAPAN
TO KEEP THE CIRCLE FROM
THE SMOOTH TALKING WEIRDO SEX MOLESTER IN
THE GAWDY RED WHITE AND BLUE, UNCLE SAMUEL
FROM THE HUCKSTER CLAN OF SAXON PICTS OF
BRITANIA.
Skynet very angry!
My F5 key is doooomed tonight!
This ....Finally looks like we will not even need Depends, We will not even want to get off the toilet bowl, Europe has its head in Never Never land and the USA has it's head in Forever land and China has it;s head in Fantacy land. WHAT COULD POSSIBLY GO WRONG ????????? AHRRRRRRRRRR
and they all have their cursor over the print Icon ready too "left click"
"click"
"Spooler Operation could not be completed" (error 0x000006ba). The local print spooler service is not running. "Please restart the spooler or restart the machine."
here is the link to the ECB statement; there is absolutely nothing in it about buying Spanish or Italian bonds. There is a lot of wishful thinking in some of these Reuters articles.
http://www.reuters.com/article/2011/08/07/us-ecb-italy-idUSTRE7762RD2011...
ES Rules ... I think this is still operative
http://www.cmegroup.com/globex/files/Equity5PercentLimit.pdf
From Jim Sinclair: (the guy who ACCURATELY predicted $1,650 gold ten years ago....
http://www.goldmoney.com/video/sinclair-turk-interview.html
gold already up 1670 bitchez
http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES.htm
About double deep: in 2008 Liquidity in the system was twice as lower at least as banks were deleveraging. Today we have enormous liquidity, 0% rates everywhere you look and no place to hide. + Dollar is weaker by huge margin. Let's say you bought US Market in Swiss Franks in Jun 2011, buy now you already lose 30% at least Besides in 2008 OZ GOLD when S&P hit 666 was worth $750-775 Basically just 20% below Gold spot So IMHO 666 on SPX then about 1100 Now, value wise, not even GOLD wise. Conclusion? rise in US indexes was merely due to liquidity and Dollar devaluation, So if Bernank ads more fuel, yes Markets could go up, but that will be just for exactly same reason, which is DOW /S&P inflation.
JUST stay in the bathroom. Will not need depends USA in Forever land Europe in NEVER LAND and China in FANTACY land . WHAT COULD POSSIBLY GO WRONG??????????????????????????//
WHERE IS ASIAN GOLD?
Kitco shows a flat green line at Friday's $1666 close.
I have spot @ 1688.23 and going parabolic!
Just cracked a Miller Genuine and the popcorn is popped !
Barbeque Turkey legs on the grill !
DJ futures down 3% -300
http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES.htm
How come the USD is gaining on AUD and even quite substantially on CAD?
Aaaaaaaaand they're off!
ask @1692.00 and has not opened ??????????????
Just opened @1694.42
http://www.netdania.com/Products/live-streaming-currency-rates-foreign-exchange/real-time-quotes/QuoteList.aspx?m=q
Gold just opened @ $1,689.
DAMN gold if soaring!
http://www.kitco.com/charts/popup/au24hr3day.html
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