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The First EURUSD Print Is In...

Tyler Durden's picture


And it's not pretty. Furthermore, without US vacuum tubes to step in tomorrow and fix what appears set to be a major overnight rout, the next 48 hours could be very interesting indeed.


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Sun, 09/04/2011 - 16:10 | 1631937 john.achenbach@...'s picture

what is the number, too small to read here...


Sun, 09/04/2011 - 16:13 | 1631948 Irish66
Irish66's picture

I think 1.4157 ?

Sun, 09/04/2011 - 16:20 | 1631965 MillionDollarBonus_
MillionDollarBonus_'s picture

All eyes on Obama's speech. This will be a nerve shattering event. If President Obama's words are as skillfull as I have come to expect, I believe he could inspire a second American industrial revolution. People will start spending again, and our consumer economy will once again thrive. If however, the public are fooled by this doomer talk, the collapse in aggregate demand will be ugly.

Sun, 09/04/2011 - 16:22 | 1631990 john39
john39's picture

funny man, i get it.

Sun, 09/04/2011 - 16:30 | 1632016 narapoiddyslexia
narapoiddyslexia's picture

deep cynicism = humor

Sun, 09/04/2011 - 16:55 | 1632089 macholatte
macholatte's picture

A cynic is a man who, when he smells flowers, looks around for a coffin.
H. L. Mencken

Cynic, n: a blackguard whose faulty vision sees things as they are, not as they ought to be.
Ambrose Bierce


Sun, 09/04/2011 - 18:05 | 1632242 Ahmeexnal
Ahmeexnal's picture

OK, silver is opening. Let's see that rocket fly!

opens with a sharp drop (au too)

Sun, 09/04/2011 - 19:08 | 1632531 Inibo E. Exibo
Inibo E. Exibo's picture

"The power of accurate observation is often called cynicism by those who have not got it" ~George Bernard Shaw

Sun, 09/04/2011 - 23:56 | 1633306 jeff montanye
jeff montanye's picture

obama's words are at times skillful.  it's his deeds that suck so bad, bad, bad.

Sun, 09/04/2011 - 16:23 | 1631992 Judge Holden
Judge Holden's picture

All eyes on Obama's speech. This will be a nerve shattering event. If President Obama's words are as skillfull as I have come to expect, I believe he could inspire a second American industrial revolution.

If President Obama's words are as skillfull as I have come to expect, I believe he could inspire a second American industrial revolution.

inspire a second American industrial revolution.


Sun, 09/04/2011 - 17:46 | 1632216 Michael
Michael's picture

I just thank God Obama can't create any new jobs and will fail thanks to the unfair trade agreements the government passed, NAFTA, CAFTA, GATT/WTO.

The government made it impossible for themselves to increase payroll taxes to pay for the tyranny they desire.

It's impossible to compete with 50 cent an hour Chinese labor.

I love watching the US government now fail at everything it tries to do.

The US/Mexican gun running operation was a hoot.

Sun, 09/04/2011 - 18:05 | 1632317 Libertarians fo...
Libertarians for Prosperity's picture



Libertarians: The Westboro Church of American Politics.

Sun, 09/04/2011 - 18:12 | 1632335 Judge Holden
Judge Holden's picture

Troll alert.

Sun, 09/04/2011 - 19:27 | 1632592 mtomato2
mtomato2's picture

You are SUCH a greasy cocksucker.

Mon, 09/05/2011 - 00:17 | 1633353 chindit13
chindit13's picture

You have a good shtick going and though I may be in the minority, I'm glad you're here, whatever your current iteration.

The whole point of fight club is to challenge perceptions and opinions, and anyone who is truly confident in his view is not going to take offense.  In fact, the challenge should be welcome.  It's the only way to learn and progress.  Again this is merely my opinion, but to do it with irony and sarcasm just adds to the entertainment value.  Though a visitor to Zerohedge might come to the conclusion that this is a religious website, you remind us that its purpose is education and entertainment.

Ecochambers are boring.  How many times do we have to hear "Gold IS money" or "this whole thing is going to collapse much faster than anyone thinks".  None of us knows anything and we ought not to take ourselves so seriously.


Mon, 09/05/2011 - 00:36 | 1633391 DoChenRollingBearing
DoChenRollingBearing's picture

That is true chindit13, none of us really knows anything (or at least much).

I myself have enjoyed and learned from your posts, even when I am on the receiving end of incoming...

By having to explain our opinions, we either strengthen our case or learn we do not understand it well or even that we are wrong.

All very nice to have at a site like Zero Hedge.

Mon, 09/05/2011 - 01:48 | 1633508 Dave Thomas
Dave Thomas's picture

"None of us knows anything and we ought not to take ourselves so seriously."


Bingo, this is what's so sorely lacking these days.

Mon, 09/05/2011 - 01:53 | 1633509 Libertarians fo...
Libertarians for Prosperity's picture



Thanks chindit13.  I've got nothing but respect for you - your commentary is some of the finest ZH offers.  I wish ZH had more of you, and less of the doomer super-pigs.  

The "beans, bullets and bullion" libertarians who can't wait until society burns to the ground have infested ZH like a bad fungal infection.  I consider each one of my anti-doomer posts like quick bursts of Tinactin Jock Itch Spray.  Little by little, I'm hoping to help disinfect this place. Perhaps if I can get rid of these lower brain stem super-goons, some of the truly interesting and insightful posters from days of yore will return.  And given the low-brow, vulgar, apocalypse dreaming, blood lusting nature of most of these goons, I really couldn't care less if I offend them.  


Mon, 09/05/2011 - 03:49 | 1633613 Judge Holden
Judge Holden's picture

Libertarians: The Westboro Church of American Politics.

Yeah, this post surely showed a lot of *high brain* thought.  I like hearing dissenting views that are well reasoned.  Trolling, not so much.

Mon, 09/05/2011 - 00:42 | 1633400's picture

The Westboro Baptist Church is not linked with libertarians. Church founder Fred Phelps did campaign for Al Gore, however.

Sun, 09/04/2011 - 18:14 | 1632342 Judge Holden
Judge Holden's picture

It's impossible to compete with 50 cent an hour Chinese labor.

Not to mention the peg.

Sun, 09/04/2011 - 19:35 | 1632619 epwpixieq-1
epwpixieq-1's picture

It is called market, with unlimited resources, driven economy.

The business/capital goes to the place where there is the most return on the investment: it used to be Europe, after that U.S.A. and now is China.

The first 2 places have their problems it is just matter of time for the last one to have them also.

Finally it will come to be understood that it is not the place but that system that is broken.

After the crash a new system will evolve, hopefully it will be a better, more bound to Nature one.

Sun, 09/04/2011 - 23:29 | 1633168 Michael
Michael's picture

There's nothing a complete and total catastrophic worldwide economic collapse of biblical proportions can't fix.

Mon, 09/05/2011 - 00:16 | 1633347 Libertarians fo...
Libertarians for Prosperity's picture



Yeeehaaa!  Burn World Burn!  

There's nothing that would bring more joy to my face than watching the entire Earth get sucked into the sun.  

Libertarians 2012!  

Mon, 09/05/2011 - 00:41 | 1633385 Michael
Michael's picture

I'm glad to see you're all for my final solution.

No need to get too bent out of shape, it's only money.

Mon, 09/05/2011 - 00:57 | 1633429's picture

Why do you rail against freedom? You probably would have turned in Harriet Tubman for running away from her owner and breaking Federal law. She would have been just another hater in your book.

Mon, 09/05/2011 - 01:32 | 1633489 Michael
Michael's picture

The most shameful thing I have ever seen in my entire life is what my government did to this man. And why doesn't anybody know about it?

"Jose Guerena, 26, was killed earlier this month when officers kicked in the door of his home during a drug raid and opened fire.

The Pima County Sheriff's Office released a report that says he never fired at the SWAT Team even though some of the officers claimed he did.

It began the morning of May 5 with a raid of four houses in the Tucson area which was part of a suspected violent drug smuggling operation.

Within minutes it ended with a SWAT team killing that is now sparking community outrage."


Mon, 09/05/2011 - 03:47 | 1633612 Judge Holden
Judge Holden's picture

Lather, rinse, repeat.  Stories like this are so commonplace that public has become dulled to outrage in all but the most clear cut abuses. 

Libertarians - despite my disagreeing with them on some key issues - deserve substantial support for opposing the War on Drugs.

Sun, 09/04/2011 - 18:49 | 1632475 sun tzu
sun tzu's picture

The joke's on you. The government's plan is working just perfectly for them. Deindustrialization and global government is the goal. 

Sun, 09/04/2011 - 16:26 | 1631999 --Freedom--
--Freedom--'s picture

His is a dry wit.

Sun, 09/04/2011 - 17:00 | 1632103 sourgrapesson
sourgrapesson's picture

Dim Wit

Sun, 09/04/2011 - 20:37 | 1632785 Kayman
Kayman's picture

Yeah... Dim and his brother Half...

Sun, 09/04/2011 - 16:26 | 1632001 CClarity
CClarity's picture

Hopium springs eternal . . . until we're all fed up.  Obama has delivered some great oratory, but I don't think anything he says will be able to jumpstart confidence at this point.  Only thing to unite American public to "work together" would be an act of war on our shores.  Really wishing the 10th anniversary of 9/11 weren't so near.  Conspiracies abound.

Sun, 09/04/2011 - 17:12 | 1632140
Sun, 09/04/2011 - 20:32 | 1632774 reefermadness
reefermadness's picture

Still chasing birth certificates? RETARD.

Mon, 09/05/2011 - 00:00 | 1633314's picture

I'm not a "birther" (consternation, uproar!) and I don't believe in Satan but I do  think that the video is hilarious. I also enjoyed getting your goat.

Sun, 09/04/2011 - 17:35 | 1632210 A.W.E.S.O.M.-O 4000
A.W.E.S.O.M.-O 4000's picture

Don't blame me. I voted for Kodos.

Sun, 09/04/2011 - 18:40 | 1632431 toady
toady's picture

I'm a Kang man myself.

But what are you going to do? Its a two-party system.

Vote third party? Go ahead, throw away your vote!

Sun, 09/04/2011 - 16:28 | 1632011 caerus
caerus's picture


Sun, 09/04/2011 - 16:30 | 1632017 nodhannum
nodhannum's picture

As always, I enjoy your jokes. Yes all eyes will be on Obama's teleprompter and yes, he might just yet inspire an american "revolution" but not the industrial kind.

Sun, 09/04/2011 - 16:31 | 1632021 WonderDawg
WonderDawg's picture

The sarcasm here is so subtle I almost missed it. For a couple of seconds there, I thought he was serious.

Sun, 09/04/2011 - 19:08 | 1632528 DoChenRollingBearing
DoChenRollingBearing's picture

Sarcasm is a problem for me, as my Sarcasm Meter is so bad that it essentially does not function.

Sun, 09/04/2011 - 19:28 | 1632597 Shirley Wilfahrt
Shirley Wilfahrt's picture

That's because your Asshole Transponder interferes with the signal.

Sun, 09/04/2011 - 20:10 | 1632726 DoChenRollingBearing
DoChenRollingBearing's picture

Hmm.  Another damn thing I have to do!

Sun, 09/04/2011 - 23:04 | 1633190 CompassionateFascist
CompassionateFascist's picture

Hoster Wilfahrdt and his Band will play. Shirley's the girl singer.

Sun, 09/04/2011 - 20:41 | 1632796 Kayman
Kayman's picture

Turn your ohm-meter onto Cynicism and it will register sarcasm better.

Sun, 09/04/2011 - 16:44 | 1632035 moonstears
moonstears's picture

Amazing insight there, mdBonus, and a neat trick I've realized...If you divide the up arrow count into the down arrow count, it consistently comes to the % of the President's current approval ratings! Brilliant! "Hope" you got "change"(for Ramen noodles)!

Sun, 09/04/2011 - 16:35 | 1632036 tsx500
Sun, 09/04/2011 - 18:53 | 1632495 tip e. canoe
tip e. canoe's picture

comes with its very own SS card!

(# registered in CT of course)

Sun, 09/04/2011 - 16:53 | 1632083 NumNutt
NumNutt's picture

Hey MDB, looks like we are fucked, because Obama's speeeches are written for him so they aren't his skillfull words they belong to someone else. Which it turns out was just announced yesterday that the person that writes those speeches for the idiot in chief has given his two week notice to go.....wait for it......Write comedy skits for hollywood!!! How is that for doomer talk, the person that is going to save the world wants to write comedy for hollywood? Oh well, back to Walmart for more ammo....

Sun, 09/04/2011 - 19:10 | 1632537 DoChenRollingBearing
DoChenRollingBearing's picture

Just bought more (high nutrtion density) nuts today...

Gold on Tuesday, more ammo if I have the time.

Mon, 09/05/2011 - 00:23 | 1633367 chindit13
chindit13's picture

This is such a wonderfully ironic story, calling to mind Mark Twain's adage that "fiction is much more difficult because it has to be believable".

I can see Obama's epitaph now:

"His speechwriter left for Jon Stewart".

Sun, 09/04/2011 - 16:55 | 1632090 The Deleuzian
The Deleuzian's picture

Hope Hope Hope Change Change Change...

You're kidding right!! I hope hope hope

Sun, 09/04/2011 - 17:44 | 1632237 Astute Investor
Astute Investor's picture

I assume you have already pledged your "million dollar bonus" in 2011 to Obama's re-election campaign.  Too bad you will have to reneg on that pledge when you change your monikor to "million cent bonus" after the SHTF.

Sun, 09/04/2011 - 18:01 | 1632294 Stormtower
Stormtower's picture

Obummer is a fucking moron. His speech will be meaningless blather.

Sun, 09/04/2011 - 18:10 | 1632328 New_Meat
New_Meat's picture

"His speech will be meaningless blather."

ya, and he just lost his "teleprompter-driver" the 29 year old kid behind the curtain.  Go figure.

- Ned

Sun, 09/04/2011 - 20:34 | 1632779 reefermadness
reefermadness's picture

Much like your comments.

Sun, 09/04/2011 - 21:33 | 1632954 Terminus C
Terminus C's picture

Thankfully we have your insightful input.  Otherwise what would we do here on ZH?

Sun, 09/04/2011 - 18:01 | 1632302 Libertarian777
Libertarian777's picture that you?

Sun, 09/04/2011 - 18:51 | 1632458 Pike Bishop
Pike Bishop's picture

Math works whether you understand it or not.

If we put 1) 3MM people on a barge each year, cut the lines, and push it out to sea.. each of the next 5 years... we'll have a better chance of reaching decent employment, than 2) creating  250K each month 'till then.

Since we have been doing #1 for the past 3 years, all we have to do is produce a carpet big enough to hide all of these people under, until we can build the barges.

That's going to be Obama/Washington's plan. Take your pick of jobs.. carpet weaver or barge builder. Oh, and waiters/waitresses, too.

Obama will spout some ether rhetoric, then go hide in the WH. Where he will wait to be the Omniplacator in Chief of the " cut and print to grow" assholes who surround him for miles.

People can't spend that which they don't have, nor what they owe, you nitwit. And an  industrial revolution will only take place when you can live in America on 50 cents an hour, with no bathroom breaks.

And there is another whole other half of the world waiting in the wings to work for 50 cents a day.

I don't know who is worse, Obamalickers or TeaBaggers.

Maybe we'll get to the point where they will null each other, and the rest of us will find somebody in the tall grass, who can run the Country so that 300MM people can actually find a job and live in the same place, at the same time.

It is evident that the current Plan didn't work too fuckin' good, after 25 years.

Watch Obama double-down on it, at best.

Sun, 09/04/2011 - 20:52 | 1632839 Red Herring
Red Herring's picture

Maybe, the plan is not to have all of 300MM people to find a job.  Maybe that is impossible, to productively employ that many people (ok, say, 150MM of working-age Americans) in the modern day, with hydrocarbon derivatives powering everything around us, from food production to flight.  So it is a necessity to have a large non-productive class, supported by the contributions extracted by force or coercion from the productive class, with hydrocarbons supply secured by the military class, with goals and purpose provided by the political class, all ruled by the invisible class. 

Extrapolating this further, is it really possible to gainfully employ 3 billion people (my wild guess as to the number of able-bodies working people) around the globe so that they will be able to support themselves and another 4 billion of old, unable and young?  Food production takes what, 2% of the population, extrapolating US model? Manufacturing goods and building shelters will take up another 20%? Let's say for the sake of an argument, half of the 3 billion people are employed in the productive, the military or the political class, worldwide.  What happens to the other half?

Looking at the chart of the world population growth (Google), it is in a huge bubble, we are pushing 7 billion people by 2013, compared to 1 billion in 1800, 2 billion in 1930 and 3 billion in 1960.  The numbers may be off a bit, but the overall trend is undeniable - exponential growth. Math does work, and math says that exponential growth is unsustainable.  Nature goes through similar exponential explosions in various species: a good harvest leads to an explosion in rodent population, leading to overpopulation and near collapse from lack of food supply, all to be repeated again. 

Human rodent figured out how to leverage hydrocarbons into food, extending the times of feast, but eventually it will all come to end.  I cannot guess when this population collapse will happen, although I am fairly certain of the outcome.  As a fighting individual, then, the game is to select the best probability of survival, unplug from the system, and start self-governing.  Trying to organise and rule vast hordes of people is an impossible task in the long run, so even discarding 2 parties and picking a third, or fourth, or tenth, is perpetuating the system - the classes will still exist, individuals may shift between classes, but the system will remain functioning because the problem is not the system - it is the vast number of people that are unable to fit into any system.  And yes, I know, we are all dead in the long run, but I am afraid we may just see the end of this "long run" in our lifetimes.

So what is the point of looking for a saviour in tall grass? He/she most likely will turn out to be another snake. If one accepts the final outcome - collapse of human colony due to overpopulation, whether via a famine or a world war, and if one believes that it may happen sooner rather than later, what is the answer? Accept the inevitable and blend in, or make a play to survive.  What is survival? How will one achieve it? Does gold and silver guarantee it? Do guns and ammo? Food production capability? Water supply? A community of like-minded people? Family? Isolationism? Joining the enemy and seek protection of the powerful?  Becoming the saviour in the grass? Church? God? Satan?

Crap, this is starting to read like a rant. Point is, changing the game is futile, fighting for preservation of "your way of life" - whether it is American, French or other - is getting to the point of impossible, you will mostly die before the end, if this fight gets physical, and if you do it for your children, there is no guarantee that they will benefit.  I am starting to come to the conclusion that the only way to win is to not play (c). I just haven't figured out what is the opposite of the game.  Ideas?


Sun, 09/04/2011 - 20:58 | 1632858 Kayman
Kayman's picture

The limit is human imagination.  Ask the Wall Street criminals what imagination can do.

All carbon energy has come from the Sun.  When the Sun goes out, let me know.

Sun, 09/04/2011 - 21:54 | 1633030 Red Herring
Red Herring's picture

It is not about the absence or shortgae of hydrocarbons, though.  It is about the ratio of population relative to available hydrocarbons. 

Sun, 09/04/2011 - 18:47 | 1632465 Hulk
Hulk's picture

+20 quatloos Hamy!

Sun, 09/04/2011 - 20:14 | 1632737 MFL8240
MFL8240's picture

You are out of your mind, noone will watch because noone believes the liar in chief.  Hes a clown, get with it!

Sun, 09/04/2011 - 21:12 | 1632894 g
g's picture


not even the sheeple believe a thing ohbummer says anymore

the only outcome is a decrease in consumer confidence and everything else

the economy would have a bette chance of recovery if he kept his mouth shut

Sun, 09/04/2011 - 23:00 | 1633182 CompassionateFascist
CompassionateFascist's picture

Those 93 junks are somewhat disturbing. It means half of the recent Fight Club recruits are complete idiots. Perhaps a few bloody noses and broken jaws will help.  

Mon, 09/05/2011 - 10:34 | 1634346 ceilidh_trail
ceilidh_trail's picture

Hamy/Harry, is that you? Welcome back, I guess...

Sun, 09/04/2011 - 17:13 | 1632151 john.achenbach@...'s picture



Sun, 09/04/2011 - 17:37 | 1632217 A.W.E.S.O.M.-O 4000
A.W.E.S.O.M.-O 4000's picture

I hope the bitch goes to parity.


Got my eyes on a small farm house in Normandy.

Sun, 09/04/2011 - 17:54 | 1632265 Landrew
Landrew's picture

I lived in France for three months last year. Normandy is beautiful! Most of France is beautiful.

Sun, 09/04/2011 - 18:48 | 1632473 Hulk
Hulk's picture

Is it true that French Babes don't shave their pits???

Sun, 09/04/2011 - 19:12 | 1632544 DoChenRollingBearing
DoChenRollingBearing's picture

But their teeth are (usually) better than Appalachian girls' teeth are!

Sun, 09/04/2011 - 20:26 | 1632765 sgorem
sgorem's picture

france is great. just too many fucking french people. and which "pit" are you asking about? last count there was 3, counting the ear holes-5. eye sockets don't count.............. 

Sun, 09/04/2011 - 21:59 | 1633043 MalthusWasRight
MalthusWasRight's picture

No, but they've got nude beaches.

Sun, 09/04/2011 - 17:58 | 1632272 Manthong
Manthong's picture


Looks like Labor Day is going to be a real piece of work.

Sun, 09/04/2011 - 16:32 | 1632025 WakeyWakey
WakeyWakey's picture


Sun, 09/04/2011 - 16:39 | 1632046 Pladizow
Pladizow's picture

To: john.achenbach@....

Double Click Bitch!

Sun, 09/04/2011 - 16:53 | 1632086 chunga
chunga's picture


Sun, 09/04/2011 - 17:09 | 1632129 Silver Bug
Silver Bug's picture

Gold will be at $2000 before we know it.

Sun, 09/04/2011 - 17:59 | 1632288 Terminus C
Terminus C's picture

Silver might be $2,000 before we know it.

Sun, 09/04/2011 - 23:06 | 1633038 TruthInSunshine
TruthInSunshine's picture




EUR will be at parity with USD within 6 months - at most - and this assumes the EUR survives, which is a massive assumption at this point.

I don't see how German Politicians can trick Germans into donating the amount of German blood (current and future generations) that would be required to prop up the cradle-to-grave, socialistic, incredibly inefficient, government bloated structures in the PIIGS+France.

As a math equation, the burdens that would have to be placed on the average German (and their progeny) to bail out PIIGS+France, and probably only to delay, and not stop, the inevitable failure of the EU, are way too severe.

Now, if Trichet & the ECB get the nod to print EUR to try and inflate away the sovereign debt of PIIGS+France (plus the European Banks), by debasing the EUR, the USD might quite possibly purchase 1.5 EUR by 2012 or so, but this plan would also require the consent of Germany (it would be good for German exports, but to be honest, German companies have already 'off-shored' much of their production), and it would inevitably lead to massive inflation in the whole of Europe.

Mon, 09/05/2011 - 00:33 | 1633386 chindit13
chindit13's picture

Given the Administration's obvious weak dollar policy, dare I say commitment, I have this very bad feeling that Obama' speech is going to try to make good on his old "visited most of the 57 States" gaff and say:

"I'm pleased to announce that the US has added a new State, Greece".

Sun, 09/04/2011 - 19:27 | 1632594 BORT
BORT's picture

Crtl +

Sun, 09/04/2011 - 16:11 | 1631940 ParaZite
ParaZite's picture

Damn. I don't think Bernanke's viagra will get that one up. 

Sun, 09/04/2011 - 16:11 | 1631941 knukles
knukles's picture


Time for Charades, kids!

Sun, 09/04/2011 - 16:13 | 1631949 Cojones
Cojones's picture

Just trade the gap...

Sun, 09/04/2011 - 16:15 | 1631957 ISEEIT
ISEEIT's picture


More bang in AUD. Like silver but different.

Sun, 09/04/2011 - 16:15 | 1631958 Negro Primero
Negro Primero's picture

any link?

Sun, 09/04/2011 - 16:17 | 1631969 French Frog
French Frog's picture

Quite good and free for forex quote before most brokers open on Sunday

Sun, 09/04/2011 - 16:28 | 1632010 Negro Primero
Negro Primero's picture

yes it really looks good and the charts too... thanks!

Sun, 09/04/2011 - 16:43 | 1632058 Pladizow
Pladizow's picture

To: French Frog

How do you upload an animated avitar?

Please advise.

Sun, 09/04/2011 - 18:00 | 1632291 Terminus C
Terminus C's picture

Just upload a .gif file.

Sun, 09/04/2011 - 18:46 | 1632456 Pladizow
Pladizow's picture


Sun, 09/04/2011 - 17:02 | 1632107 macholatte
macholatte's picture

ZH, what is the source of your forex quote?

As I see it, and I may be wrong, the first market to open is New Zealand and that does not happen for another hour or so.  Then there is Japan & Australia a couple of hours after that.

Sun, 09/04/2011 - 17:06 | 1632122 rubearish10
rubearish10's picture


Sun, 09/04/2011 - 17:11 | 1632137 macholatte
macholatte's picture

Sufferin sucatash!  I see it on my screen.  A huge gap down getting filled fast. Guess I picked the wrong week to quit smoking glue.


Sun, 09/04/2011 - 18:01 | 1632304 ISEEIT
ISEEIT's picture

You can't be serious? Open your window dood. It's not only on, it HAS  been on.

Sun, 09/04/2011 - 19:16 | 1632559 DoChenRollingBearing
DoChenRollingBearing's picture

has the Euro at $1.4141 (FWTW) at 7:15 PM ET.

Sun, 09/04/2011 - 19:18 | 1632569 DoChenRollingBearing
DoChenRollingBearing's picture

has Euro at $1.4153

Both sources I got from kind ZH-ers for futures trading starting Sundays after 6:00 PM ET.

Sun, 09/04/2011 - 16:15 | 1631959 NumNutt
NumNutt's picture

Uh oh, looks like the turd is going to hit the fan.....

Sun, 09/04/2011 - 16:16 | 1631963 TN Jed
TN Jed's picture

eURUSeD without gold.

Sun, 09/04/2011 - 16:16 | 1631964 The Deleuzian
The Deleuzian's picture

Not sure what type of infomercials the oligarky will try to saude' the german masses with...

Better be a potent one at that...

Sun, 09/04/2011 - 16:23 | 1631991 cossack55
cossack55's picture

Is Leni Reifenstahl still alive. Maybe "Triumph of the Euro" in B/W of course.

Sun, 09/04/2011 - 16:37 | 1632043 barroter
barroter's picture

LOL, nice analogy.  Poor Leni never did receive an Oscar nod...

Sun, 09/04/2011 - 17:00 | 1632102 Piranhanoia
Piranhanoia's picture

How much can you do when you with a huge budget, an entire country as extras, total back stage access, and your subject is really old festering shit that makeup makes look more like shit than it did.

Sun, 09/04/2011 - 16:17 | 1631966 unky
unky's picture

Does this mean PMs will sell-off due to dollar strength? Or are the problems once again about european banks leading PMs to stay flat?

Sun, 09/04/2011 - 16:19 | 1631979 10044
10044's picture

no. no

Sun, 09/04/2011 - 16:28 | 1632012 --Freedom--
--Freedom--'s picture

I think it leads to gold over 1900 before Tuesday's open in the US.

Sun, 09/04/2011 - 16:33 | 1632031 Beam Me Up Scotty
Beam Me Up Scotty's picture

London opens in a hour and a half.  Might lead to that this evening.  I was hoping for a margin increase tonight or tomorrow.  Drive it down like silver in May.  I LOVE a good sale!!!

Sun, 09/04/2011 - 16:37 | 1632041 --Freedom--
--Freedom--'s picture

Yeah, I bought a bit more this morning in anticipation. I don't think there will be another sub 1900 chance for a while. Though with enough margin increases, maybe.
Do you know a good spot to see a live London price update?

Sun, 09/04/2011 - 18:04 | 1632307 Manthong
Manthong's picture

You can set date/time range.. be sure to start real time session.

Sun, 09/04/2011 - 21:10 | 1632893 Mesquite
Sun, 09/04/2011 - 16:17 | 1631973 Mauibrad
Mauibrad's picture

1.42 down to 1.416?  By itself that doesn't mean much.  Let's see if it drops some more...

Sun, 09/04/2011 - 16:18 | 1631974 Id fight Gandhi
Id fight Gandhi's picture

I'm still shocked it's over 1.40. I guess that shows how weak usd is.

Sun, 09/04/2011 - 16:27 | 1632007 Judge Holden
Judge Holden's picture

Yeah, 10 years ago it was what, close to half that?

Sun, 09/04/2011 - 16:32 | 1632023 X.inf.capt
X.inf.capt's picture

Amen, brother. when gold takes off like a rocket in a few hours, i wouldnt think about profit taking. hell, if PM's go any higher, well be reduced to collecting pre-82 copper pennies!!! lol.

Sun, 09/04/2011 - 17:21 | 1632171 Temporalist
Temporalist's picture

Don't laugh.  In most of my retail transactions in the past year I have seen more shiny brand new pennies, obviously without copper, than ever.  The copper pennies are being collected and I gladly admit to doing it.

Sun, 09/04/2011 - 17:29 | 1632189 X.inf.capt
X.inf.capt's picture

not laughing at the pennies (copper is copper), im laughing at the weakness in fiat currencies. its like watching a bad B rated movie....

Sun, 09/04/2011 - 19:22 | 1632575 DoChenRollingBearing
DoChenRollingBearing's picture

Me too.  I have a one liter Aquafina bottle almost full of the copper pennies and 2 and 3/4 full of nickels (as well as a bagful of $100 worth of nickels I got from the bank). for metal value of coins.

Less than 10% of the pennies I get now are the "good" ones.

Sun, 09/04/2011 - 16:20 | 1631980 oogs66
oogs66's picture

greece debt in trouble, germany bailout supporters getting voted down, and banks getting sued for more of their cheating, at same time as we are out of money, and no one at all believes politicians can do anything!  could be fun!

Sun, 09/04/2011 - 17:33 | 1632201 Kuri
Kuri's picture

Yeah, Germans... Merkel is the Evil !!! We all know that but... but... Then they prefer to vote for socialists and green party at local election !!! Know what ? Those will accept Eurobonds and bailout the rest of Eurozone with German's money !!! So what ??? They don't know what they want. And by the way, don't expect too much from next week's Karlruhe Constitutional court ruling : might be disapointing...

Sun, 09/04/2011 - 18:40 | 1632414 arizona11912
arizona11912's picture
Europe (Euro zone) has no choice but to form a more closely knit monetary union Say Germany says to EU pissed off and says: "We are going back to the Mark". The short term effects is the Mark will increase in strength against Euro, USD, Pound, Yen, and all the other shit fiat currencies out there. Since all countries on Earth (at least in the long term) have to a balanced "balance of trade" except the USA (thanks to the Petrodollar system).

If Germany's exports become too costly what will BMW, Volkswagon, Merc etc do? Naturally they will just expand their already established factories in Euro denominated countries. Already 2/3 of BMWs are made in Austria. This hypothetical situation I've briefly discussed in what the Swiss are feeling right now. Moreover by Germany exiting the EURO zone they would naturally be responsible for their portion of the current Euro zone debt. The ECB would make damn sure that don't get away from not discharging their fiat debt. So not only going they'll have their currency high, debt incurred by EU, plus falling bond rates which would not attract other central bankers cheese since they couldn't mop of up all the excess liquidity in sufficient form in the long term since they wouldn't be a large denominated currency such as the "big 3". For an example of that taking place see Switzerland. The long term affects is Germany would be forced to engage in printing money til hitting the bottom to compete against the "big 3." For that example see Chile, Switzerland, India, China and now Russia has recently got in the game of debasement. Now for another example say Portugal and Greece says get me out of the Euro zone.... Will they do it on their own terms? No, because they would be forced to pay back the fiat from the ECB denominated debt plus filing from bankruptcy is too much of a risk for their spineless politicians. Also their bond rates would shoot to the moon. Initially it would attract Chinese investors which are already increasing their holding of Greek and Portuguese debt (because the backstop is France and Germany and they see the writing on the wall for the USD) but will falter since neither country has a functioning economy which would run a negative trade balance. This would erode the standard of living for Portugal and Greece. Again this is thanks to Keynesian thinking "long term it doesn't matter, we're all dead" so no one would be willing to sacrifice now and clean house then establish themselves as a viable economy. So the concise conclusion is if the PIIGS back out all the debt that's not written off rides on the backs of France and Germany which will cause bonds to rise (at least hypothetically) and the qualitative reason is the politicians want a unified Europe and they don't give a damn how it has to get there as long as it gets there. The latter half of the sentence is probably the most influential of why there will be a unified Euro bond in the near future.
Sun, 09/04/2011 - 17:18 | 1631981 papaswamp
papaswamp's picture

1.4161.....seems to be holding...may be waiting for results from German election in merkel home state

Sun, 09/04/2011 - 16:21 | 1631985 cossack55
cossack55's picture

Damn that Isaac Newton

Sun, 09/04/2011 - 16:26 | 1632000 Herbert_guthrie
Herbert_guthrie's picture

Gravity is a bitch, but compound interest is the strongest force in the universe.
Damn that Einstein.

Sun, 09/04/2011 - 16:43 | 1632054 repete
repete's picture

 Collapsed at freefall speed, into it's own footprint.  Must be Al-Qaeda!

Sun, 09/04/2011 - 17:41 | 1632230 Ganja Jane
Ganja Jane's picture

Free fall? Have we not established this is a controlled demolition?

Sun, 09/04/2011 - 19:27 | 1632591 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Maybe diesel fuel?

Sun, 09/04/2011 - 16:23 | 1631993 moonstears
moonstears's picture

dayyyyum, bitchez...chart's is some scary, shit.

Sun, 09/04/2011 - 16:25 | 1631998 bakken
bakken's picture

1.39 is bleeding time.

Sun, 09/04/2011 - 16:29 | 1632013 ISEEIT
ISEEIT's picture

I'm thinking 1.35 is the 'ponzibreak' line.

Sun, 09/04/2011 - 16:27 | 1632002 ISEEIT
ISEEIT's picture

Trouble with EUR/USD is political. Ben might have interns bidding the shit out of it. USD index down is official American progressive party policy. They are geniuses you see. Watch 'em do they thing.

Sun, 09/04/2011 - 16:30 | 1632014 The Deleuzian
The Deleuzian's picture

The Euro is definitely overvalued vs. just about everything...

But it seems "the decoupling' of gold and the $ has happened..

IMHO this is gold positive and fiat negative..

Sun, 09/04/2011 - 16:30 | 1632018 EL INDIO
EL INDIO's picture

This could be it.

USD has been undervalued for some time against other currencies and might be undervalued against Gold right now.

We might get a mighty USD rally and a short violent deflation to allow benny to do his QE.

Those with fragile hearts might want to look away now.


(Or may be not and I'm full of shit)

Sun, 09/04/2011 - 16:42 | 1632052 Pladizow
Pladizow's picture

I choose the latter.

Sun, 09/04/2011 - 16:52 | 1632080 The Deleuzian
The Deleuzian's picture

It's not that your wrong Indio, but what kind of bounce or relief rally are you looking for?  How long will the ponzi bankrupt USD capable of rallying.  It's not 2003 anymore let alone 2008....

Sun, 09/04/2011 - 17:36 | 1632211 LongBalls
LongBalls's picture

INDIO - Your argument is worth considering but the facts and recent history point to the contrary. If the US allows it's currency to rise it will make our exports more expensive, widen our trade gap, further stall our economy which is starting is fall into a recession, and reducing what the government really only cares about; TAX reciepts! This government, and private Federal Reserve, WILL not allow that to happen. We are witnessing a slow, steady devaluation of the dollar to the tipping point. At that tipping point it will collapse. The western world will meet, temporarily shutting down the banks, and roll out a new ponzi!

Rest assured they will allow a certain level of chaos somewhere in the process so that they can scare us and shove world government down our throat. Food, guns, ammo, gold and silver, will allow you a modest level of comfort to talk sense into your neighbors. We must not be desperate enough to accept anything they say without objection or we will just sign up for another debt slave system. Period.

Good LUCK!

Sun, 09/04/2011 - 17:36 | 1632212 LongBalls
LongBalls's picture

INDIO - Your argument is worth considering but the facts and recent history point to the contrary. If the US allows it's currency to rise it will make our exports more expensive, widen our trade gap, further stall our economy which is starting is fall into a recession, and reducing what the government really only cares about; TAX reciepts! This government, and private Federal Reserve, WILL not allow that to happen. We are witnessing a slow, steady devaluation of the dollar to the tipping point. At that tipping point it will collapse. The western world will meet, temporarily shutting down the banks, and roll out a new ponzi!

Rest assured they will allow a certain level of chaos somewhere in the process so that they can scare us and shove world government down our throat. Food, guns, ammo, gold and silver, will allow you a modest level of comfort to talk sense into your neighbors. We must not be desperate enough to accept anything they say without objection or we will just sign up for another debt slave system. Period.

Good LUCK!

Sun, 09/04/2011 - 18:12 | 1632327 EL INDIO
EL INDIO's picture

My thinking is that the USD is at the edge, either it rallies or it collapses. If it collapses America will not be able to import shit including oil. The question is, is it time for America to fall so that the Zionist NWO takes over? May be, but I think America still has some more dirty work to do for the NWO before they through it to the garbage bin of history, therefore It is not yet time for the USD to collapse -> It needs to rally.


(But then again I might be wrong, who knows ?)

Sun, 09/04/2011 - 18:51 | 1632481 blunderdog
blunderdog's picture

I'm generally not so big on absolutes, but I'm completely convinced that there is ZERO CHANCE the US dollar is the first currency to collapse. 

If the rest of the world has already gone into full-on meltdown, the dollar should follow, but it certainly isn't going first.

Sun, 09/04/2011 - 20:47 | 1632821 fswalker
fswalker's picture

+1 . Its time for a long overdue rally in USD. Shake out the late comers then possibly continue on with the collapse.

Sun, 09/04/2011 - 21:35 | 1632960 Prometheus418
Prometheus418's picture

Probably not.

Seems like the new normal is for things to jump dramatically one way or the other at the open in Asian trading, and then level off for hours, often until the opens in NYC.

Not very exciting, but there it is.

Eventually, the levee is going to break- it could be today, or in ten years.  (Probably not that long, though.)  I don't see any reason why it would be today, though.  Could be the Wikileaks thing might set some things in motion, but if their previous releases are any indication, only diplomats and other people who are in the know can even understand what the hell the information says.  At best, it'll take a few days to percolate, and won't do much until people start to write commentary on it.

Sun, 09/04/2011 - 16:33 | 1632030 bill1102inf
bill1102inf's picture


Sun, 09/04/2011 - 16:40 | 1632049 mikmid
mikmid's picture

If the euro drops like a rock the dlollar may catch a bounce but that does not mean it worth more but that it's again the least ugly of the major currencies. This may afford a real nice buying oportunity for metals if they correct.

Sun, 09/04/2011 - 16:48 | 1632071 cherry picker
cherry picker's picture

Don't know if this is true, from the comments at


the reason DSK was arrested is below!!! Isn't it funny how he was arrested, replaced and then released after his warning!!

A new report prepared for Prime Minister Putin by the Federal Security Service (FSB) says that former International Monetary Fund (IMF) Chief Dominique Strauss-Kahn was charged and jailed in the US for sex crimes on May 14th after his discovery that all of the gold held in the United States Bullion Depository located at Fort Knox was ‘missing and/or unaccounted’ for.

According to this FSB secret report, Strauss-Kahn had become “increasingly concerned” earlier this month after the United States began “stalling” its pledged delivery to the IMF of 191.3 tons of gold agreed to under the Second Amendment of the Articles of Agreement signed by the Executive Board in April 1978 that were to be sold to fund what are called Special Drawing Rights (SDRs) as an alternative to what are called reserve currencies.

This FSB report further states that upon Strauss-Kahn raising his concerns with American government officials close to President Obama he was ‘contacted’ by ‘rogue elements’ within the Central Intelligence Agency (CIA) who provided him ‘firm evidence’ that all of the gold reported to be held by the US ‘was gone’.

Upon Strauss-Kahn receiving the CIA evidence, this report continues, he made immediate arrangements to leave the US for Paris, but when contacted by agents working for France’s General Directorate for External Security (DGSE) that American authorities were seeking his capture he fled to New York City’s JFK airport following these agents directive not to take his cell-phone because US police could track his exact location.

Once Strauss-Kahn was safely boarded on an Air France flight to Paris, however, this FSB report says he made a ‘fatal mistake’ by calling the hotel from a phone on the plane and asking them to forwarded the cell-phone he had been told to leave behind to his French residence, after which US agents were able to track and apprehend him.

Within the past fortnight, this report continues, Strauss-Kahn reached out to his close friend and top Egyptian banker Mahmoud Abdel Salam Omar to retrieve from the US the evidence given to him by the CIA. Omar, however, and exactly like Strauss-Kahn before him, was charged yesterday by the US with a sex crime against a luxury hotel maid, a charge the FSB labels as ‘beyond belief’ due to Omar being 74-years-old and a devout Muslim.

In an astounding move puzzling many in Moscow, Putin after reading this secret FSB report today ordered posted to the Kremlin’s official website a defense of Strauss-Khan becoming the first world leader to state that the former IMF chief was a victim of a US conspiracy. Putin further stated, “It’s hard for me to evaluate the hidden political motives but I cannot believe that it looks the way it was initially introduced. It doesn’t sit right in my head.”

Interesting to note about all of these events is that one of the United States top Congressman, and 2012 Presidential candidate, Ron Paul [photo bottom left] has long stated his belief that the US government has lied about its gold reserves held at Fort Knox. So concerned had Congressman Paul become about the US government and the Federal Reserve hiding the truth about American gold reserves he put forward a bill in late 2010 to force an audit of them, but which was subsequently defeated by Obama regime forces.

When directly asked by reporters if he believed there was no gold in Fort Knox or the Federal Reserve, Congressman Paul gave the incredible reply, “I think it is a possibility.”

Also interesting to note is that barely 3 days after the arrest of Strauss-Kahn, Congressman Paul made a new call for the US to sell its gold reserves by stating, “Given the high price it is now, and the tremendous debt problem we now have, by all means, sell at the peak.”

Bizarre reports emanating from the US for years, however, suggest there is no gold to sell, and as we can read as posted in 2009 on the ViewZone.Com news site:

“In October of 2009 the Chinese received a shipment of gold bars. Gold is regularly exchanges between countries to pay debts and to settle the so-called balance of trade. Most gold is exchanged and stored in vaults under the supervision of a special organization based in London, the London Bullion Market Association (or LBMA). When the shipment was received, the Chinese government asked that special tests be performed to guarantee the purity and weight of the gold bars. In this test, four small holed are drilled into the gold bars and the metal is then analyzed.

Officials were shocked to learn that the bars were fake. They contained cores of tungsten with only a outer coating of real gold. What’s more, these gold bars, containing serial numbers for tracking, originated in the US and had been stored in Fort Knox for years. There were reportedly between 5,600 to 5,700 bars, weighing 400 oz. each, in the shipment!”

To the final fate of Strauss-Kahn it is not in our knowing, but new reports coming from the United States show his determination not to go down without a fight as he has hired what is described as a ‘crack team’ of former CIA spies, private investigators and media advisers to defend him.

To the practical effects on the global economy should it be proved that the US, indeed, has been lying about its gold reserves, Russia’s Central Bank yesterday ordered the interest rate raised from 0.25 to 3.5 percent and Putin ordered the export ban on wheat and grain crops lifted by July 1st in a move designed to fill the Motherlands coffers with money that normally would have flowed to the US.

The American peoples ability to know the truth of these things, and as always, has been shouted out by their propaganda media organs leaving them in danger of not being prepared for the horrific economic collapse of their nation now

Sun, 09/04/2011 - 17:08 | 1632127 X.inf.capt
X.inf.capt's picture

exellent post, green to you. i have just question. why are getting hit with all this news over the weekend (wikileaks, fake gold, etc,etc,) with markets closed tomorrow. i think this is going to get interesting.....

Sun, 09/04/2011 - 17:33 | 1632204 DeadFred
DeadFred's picture

Many things I've been seeing have pointed to a manipulated crash for this week but the reason for such a move has eluded me. Still I'm going to be surprised if the S&P doesn't lose 100 pts by Friday and the DXY isn't over 80 in two weeks. A question in my mind is about the weekend, does it make a downturn easier or harder if the US market is closed as Europe starts a meltdown? I can see it working in either direction but I'm hardly an expert.

Sun, 09/04/2011 - 17:41 | 1632233 X.inf.capt
X.inf.capt's picture

well see, brother.


green to you

Sun, 09/04/2011 - 18:16 | 1632346 New_Meat
New_Meat's picture

X.inf Skipper:

"why are getting hit with all this news over the weekend..."

It's the infamous "data dump" esp. wrt the long weekend.  Dump data, next week "why, that is old-news".

- Ned

{OT: 11A or 0302?  Just wonderin'}

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