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EURUSD Hits 1.30 - Unch Year-To-Date (While Gold Up 13.5%)
All that devastation, all that chaos, and the USD is now equally as weak/strong as the EUR compared to the start of the year... meanwhile, Gold is 13.5% stronger versus them both.
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Stolper!
Well yeah! GS said that we weren't going to see QE3. This caught us by surprise.
anyone else feeling not just concerned.....but scared at the moment???
Just put in a new order for some maples, keep stacking....gotta get a new boat though too.....
Holy Moley Silver, Batman!
I sure am glad we bought those 3000 euros before out trip here to Italy (at $1.25). In Bari now, I will have LOTS of comments re Italians and their selling their gold upon my return.
The Bernanke seems to be scaring LOTS of people about inflation now. I am glad I am golded up.
The end (reset of our financial system) MAY be in sight now...
Yes, a calm fear right now.
Nope.
Canning season is going great guns in the Northeast US right now. I already need more space in my larder..
And when I say guns; nudge, nudge.
QE to infinity, lets go!
William Banzai7 Visual Combat Art
Just like I said
Being the only Euro bull on ZH
Bashing the Euro is a closet dollar bulls favorite pastime ...
The more the Euro rises the more reasons for Germany to leave. Germany wants calamity in the Eurozone to push the Euro lower to keep its exports cheap, once Germany leaves, Super Mario will be in some deep doo-doo...
If a cheap Euro would be so good for German exports, then why has US exports fallen for 10 years while the dollar fell ?
Your logic is focked, so is Bernankes. A high value currency is good for exports because capital is cheaper.
Because China makes most of the goods (you know things we really need and what not) that the US once made...
Anyways US manufacturing has been in decline for over 40 years now as it became a nation of over-leveraged credit-indulging Idreaming consumers.
And you are missing the always key, but always forgotten question: compared to what?
Sure, exports may be down even with a cheaper dollar, but where would that export have level have been with a higher currency? Even lower is a certainty.
As for the cost of capital, I think you are mistaking where most of the the export financing occurs.
u forget Ghordius...
Whose shit paper do you want again ... Super-Mario or Bubblicious Benny?
At what point do we admit to ourselves that the Federal Reserve has just pulled (completed) an economic and political COUP of the United States of America??
In 2013 we'll be celebrating 100 years of Progress. 3 cheers for Woodrow Wilson.
But the NASDAQ (up 20%), 300 PE Amazon (up 50%!), and e-toy Apple (65%!) are beating them all by a healthy margin. When markets have no rules and infinite funny money just go with the mo. Ugly.
but but i thought gold tracked EURUSD?
Robbin' Da Hood is coming down driving his Volvo and throwing out more money at Liberty Street, NYC any second now...
NAh, they be throwing sea shells bra
Let's party like its 1999!
I want DOW 20000, $5000 gold, 10 USD, EURUSD at 2, and 300 WTI...
I mean the wealth effect trickles down right?
That's just urine.
ZH was doing the bla blah blah about EURO disintegrating, for the past 1 year and EUR is still here.. not falling, unlike the what ZH followeres were saying.
EURO not falling apart - and Gold will be valued high. EURO/Gold up and dollar down - that is the trend.
Cheers
So Im not the only Euro bull here. I could use some company
i will join your ranks. Although im certainly not a EUR bull i do agree with your remarks to the EUR bashing crew. EUR stronger than dollar and we all know it. EUR attack is premeditated to preserve dollar as long as possible.
And spot on regarding strong currency and exports. US had strongest currency in the world and cheapest goods.
disclaimer: Long, Gold Silver oil cash (SEK GBP CNY)
Short: nothing
great,... now the chinese can stop propping up the euro and buy more gold- just super-duper fantastic as the japanese repatriate more yen and buy yuan...
Definitely and Literally a "Gold`ie,Lock" Economy
http://www.cnbc.com/id/48838061
This is the trick which gives the Euro stability:
The Chinese print Yuan, buy with these Yuan newly printed Euros from the ECB. This is done at an agreed fixed rate which has nothing to do with the US $ exchange rate going up or down. Then the Chinese buy Spanish, Italian, Greek etc debt and keep these papers in their vaults. The ECB might keep the Yuans in its vaults or might sell it to Europes commercial banks which do then invest this money in China again. This means, cash injection in Euroland as well as in China. But Euroland and China are the worlds biggest trading blocs. These economies can easily suck up this money without a harm. Especially because a huge chunk is not consumed but invested which means economic growth.
Of course this can only work when the ECB has full supervision of all the big banks in Euroland. But this is going to be established by January 2013.
As a matter of fact Euroland, with Germany at the forefront has moved away from the US $ towards the Yuan. Simply for the fact, that the US Dollar is not creating stability. In the opposite the US Dollar policy is creating towering instability all over the world. Leaving the friends and allies of the US no choices. Whether to go down with the Dollar or be on friendly terms with the Chinese. This is what happens in Japana and Taiwan too. Both economies have also established their own exchange rate system with China, since the Dollar as intermediate does not give any economic breathing space for their economies.
So Euro going up against the Dollar, but not against Yuan. This means there is Euroland and China as markets left for Germany unhindered from the Dollars fate. Eastern Europe is also anyhow more a Euro economy than US Dollar, so no probloem there. And Russia is dependent on the energy exports to Euroland which means they will establish an exchange rate between Ruble and Euro which is managable for both blocs. That means it is not that harmful for the German economy in case the Euro raises agianst the Dollar. In the opposite the energy still priced in Dollars becomes cheaper for Euroland thus giving an economic boost.
Oh, I see; you're expecting the price of the Euro to appreciate in terms of GOLD? Bwa-haa-haa. ROFL. whatta card.
I meant Gold, Euro up versus the dollar. US based deflationalists(Mish, Denninger, Pretcher...) will be screaming about injustice.
EVERYTHING is spiking today. What a sugar rush. No economic content, of course. Ben IS "The Cookie Monster."
http://confoundedinterest.wordpress.com/2012/09/13/fed-pulls-the-trigger...
He's going to have his own place in history; like, uh; Nero, for instance.
thats going to cost me 15000 Euros in dinners...
From another thread for you and Park Ave Flasher -
Just use Netdania for YTD % change: http://www.netdania.com/Products/live-streaming-currency-rates-foreign-e...
Au + 12.81%
Ag + 24.82%
Also use:
http://goldprice.org/spot-gold.html
http://www.usagold.com/gold-price-live.html
ty! wow! silver hi-ho!
Yeah, I just hate it when they make my silver worth more "dollars"; ha, ha, ha.
Hurling chunks of Bernanke! I'm flat and just waiting to unload!
This completely eliminates the QE4 talk. That is the silver lining (no pun intended)
It's 'open ended' Fonz. Qe to infinity!
El Marketo is not as impressed as I would have thought. Volume still sucks, and only 5 more SPY green 5 min candles than red since this crap. Close will be interesting.
1460 on the S&P doesn't impress you? You're a tough customer.
This is the end, my friend, this is the end!!
It seems strange to me that oil has not joined the party today.
I wonder if this is because the market now knows Obama is going to try to crush the speculators.
"Now you can short the Euro, I promise, Charlie Brown."; says Lucy as she smiles to herself.
Now Draghi can print to his hearts content due to the FED killing DXY, so now the EUR will not fall as much when he prints. CB's are now in collusion to print and bring global hyper-inflation.
???
Another Festivus Miracle!
At least miners are responding.
Un·be·liev·a·ble
August - 02 - 2012 : Goldman Says To Go Long EURUSD With 1.30 Target
@ Scalaris
Thanks for bringing that up.
Chairsatan's Golden BTFD Cup of Fornication etc... is the (technical and spiritual) mark of the beast that will be sealed to the coming false peace, have no doubt. Everyone of the bastards that have accepted this offer of temptation have now called for the wine of wrath in this bitter cup to be poored out upon this generation. You stinking scumbags. May your judgment fall upon everybody in agreement with the labor aborted by you. Go straight to Hell, you pathetic scumbags, the hour is coming, have no doubt. http://www.youtube.com/watch?v=mdwyVhNPzTg There is nobody protecting the people against Benny and the 911 Jets, and on 911 2012 the slaughter of the U.S. Ambassador proved that all over again. Al Q up is a go go ...bitchez. http://www.breitbart.com/Big-Peace/2012/09/12/Clinton-responsible-for-security-failures-apologies ...aaamazing.
http://washington.cbslocal.com/2012/09/13/israeli-arab-official-warns-of-armageddon-over-anti-islam-film/
What a set up.
http://www.thegatewaypundit.com/2012/09/unreal-obama-invites-muslim-brotherhood-egyptian-leader-to-meet-next-week-refuses-to-meet-netanyahu/ LMAO.
..oops, better get out of NYC and Petrus Romanus Rome now ...bitchez. http://www.digitaljournal.com/article/332580
http://chaosreaction.com/
Where's that 16-year old money manager? Get him back on Fast Money for a follow-up on his big Euro short trade
I am 99% convinced this kid was a invention as part of a "pump and dump" strategy. For me it was the ultimate signal to stay Euro long.
By letting a kid do this absurd advise nobody could be blamed afterwards. Do understand that with investing you can not catch up with inflation so we all speculating.
For speculating you have to move the marked. Do understand zerohedge is part of the game.
I am convinced zerohedge is a City or Swiss bankers initiative. No words on Swiss (a card house still standing) and the UK (a country that is collapsing as we seek) in zerohedge.
http://www.bloomberg.com/video/investor-worry-british-pound-middle-east-8NXJTi2SQPyVrRqKUCAixw.html
Be aware gold is also a trade that will go up and comes down. In Euro's it did not move that much. I think in the end there will be a positive net result. But speculative money is poring in an will also looking for an exit one day.
And keep an eye on oil. 120 dollar Brent is unsustainable.
Did you still think the Rothschilds still have their short out there? The story was released at the bottom of the USD/EUR trade.
China, Germany plan to settle more trade in yuan, euros
http://www.cnbc.com/id/48838061
This is the trick which gives the Euro stability:
The Chinese print Yuan, buy with these Yuan newly printed Euros from the ECB. This is done at an agreed fixed rate which has nothing to do with the US $ exchange rate going up or down. Then the Chinese buy Spanish, Italian, Greek etc debt and keep these papers in their vaults. The ECB might keep the Yuans in its vaults or might sell it to Europes commercial banks which do then invest this money in China again. This means, cash injection in Euroland as well as in China. But Euroland and China are the worlds biggest trading blocs. These economies can easily suck up this money without a harm. Especially because a huge chunk is not consumed but invested which means economic growth.
Of course this can only work when the ECB has full supervision of all the big banks in Euroland. But this is going to be established by January 2013.
As a matter of fact Euroland, with Germany at the forefront has moved away from the US $ towards the Yuan. Simply for the fact, that the US Dollar is not creating stability. In the opposite the US Dollar policy is creating towering instability all over the world. Leaving the friends and allies of the US no choices. Whether to go down with the Dollar or be on friendly terms with the Chinese. This is what happens in Japana and Taiwan too. Both economies have also established their own exchange rate system with China, since the Dollar as intermediate does not give any economic breathing space for their economies.
So Euro going up against the Dollar, but not against Yuan. This means there is Euroland and China as markets left for Germany unhindered from the Dollars fate. Eastern Europe is also anyhow more a Euro economy than US Dollar, so no probloem there. And Russia is dependent on the energy exports to Euroland which means they will establish an exchange rate between Ruble and Euro which is managable for both blocs. That means it is not that harmful for the German economy in case the Euro raises agianst the Dollar. In the opposite the energy still priced in Dollars becomes cheaper for Euroland thus giving an economic boost.