EURUSD just broke below 1.2400 - back to July 2010 levels
- advertisements -
Is this the final run of stops before the intervention? I have no idea.
Bank run! But where do you run to when your currency is going down? Gold
Euro plunging. Who cares? At least FB is in the green today. ;)
Not green anymore...
let me go out on a limb here: risk0ff?
yer tits look great this morning
You must mean some other gold than the one on my screen that is down $7.
Europe is down like 1.5%. So gold wins!
While its still available(think 2008) who give a shit what
the paper gold price is doing.
We're in extra time,this game is just about over.
Last one holding paper loses.
You clearly dont understand. Gold will go up no matter if its deflation or inflation. That number on your screen isnt gold. Its paper. If you tried to buy a physical bar at that price you couldnt. It would cost you like $10,000 an ounce. And if somehow you did find real gold to buy at this price its all bankster manipulated bs. JPM, vampire squid, Rockerfeller, Rothchild, Illuminati
Buga buga buga...
You can buy how ever much Gold or silver physical as much as your money can stand.
Aint no one telling you otherwise... if they are, tell them to shove the 100 ounce bar and ream it.
If those effermite lackey yesmen can even lift one.
Roadkill is the only one on this thread who doesn't require today's 'junking troll' to put his comments in the red...
I don't know where you shop but I buy gold for $65 over spot or 100$ over spot if less than an ounce (which is always is). He may not have a bars worth in invemtory but he has plenty for my needs.
Ever tried to park $100 Billion in Physical Gold "Overnight" ? ... more like you need 6 months for delivery , unless of course the price is realistic , like 10x$1530.i.e. first stop is USD.
Er ... USD.
Trillions of them ... everywhere ... freshly printed no less.
All the German exporters are cheering at this development right now... The sinking EUR makes up for Bayern Muenchen losing to Chelsea.
Hah! That Blood movie should be retitled There Will Be Milkshake....every time i see that thespianism i think of Ron Burgandy Anchorman.....I swear Will Ferrell shoulda won the oscar instead of the above....oh well.....milkshakes can't make movies any better than EURUSD....
"back to July 2010 levels"
July 2010 levels?
You mean... One month before Jackson Hole (QE2)?... Is that the 2010 you're referring to? I remember those days... You could still buy Ag for under $20... Fond memories...
Speaking of that, the commodities index (CCI) is nearly at July 2010 levels! (Except PMs are higher)
If/when the CCI goes below 500, expect the printing presses to be warmed up.
Ah, what will said at parity? Other than several headlines about Germany outperforming and looking for a way out of the €.
At parity, other central banks will definitely start printing.
LOL, I love your originality, also your hair is nice, Irish?
Er... google "Anna Chapman".
"Sack, goddamnit pick up your phone!!!!"
"Yes this is Sack"
"It's ES you moron, E and S, punch it in all hands on deck now"
Draghi, you bitchslapper, fix it for us now!
O wow, a BMW will go for 10,000 US fiatscos at this rate
Mmmmmmm. 2014 Audi A3 ..... Mmmmmm .... come to Daddy
...right over a cliff. I'd just get out of the way, too much to dodge here.
63 dodge dart convert
one of the finest rides ever made
push-button tranny, too?
63dart9.jpg (JPEG Image, 1024 × 768 pixels) - Scaled (86%)
63vert.jpg (JPEG Image, 717 × 538 pixels)
these cars are so simple and inexpensive and fun they wouyld certainly be totally illegal, everywhere to mfg, today
here's the wagon with aftermarket grill and mags: 63wagon4.jpg (JPEG Image, 956 × 600 pixels)
get the corn and bullshit outa the gas, too! it's costing us waaaay too much: break all the fuking windows in washington instead and start the greatest economic boom in history! go krugman on the state's glass? maybe congress would like new offices to "raise money" from?
Until Germany rediscovers DMs when a 316i will be $120k.
Parity, one world currency, order up...
what happens to the debt...Debt Jubilee? Or just converted into whatever the single currency is?
With Carbon Cap & Trade to provide equalization payments from wealthier to poorer regions? Sounds like a brilliant (diabolical) plan (that is sure to fail).
Being a Wisconsin resident I urge everyone to drink milkshakes. Eating peas will remain optional.
Debasement will be followed by replacement.
Parity, humongous transfer of US wealth to EU, sharp decline in US standard of living, WWIII, and THEN one world currency and government.
you are crazy.
Maybe he ism but then 6000+ years of human history would be wrong. What are the chances? hedge accordingly.
Hedge by what? Moving to Mars?
everybody expects an intervention..maybe thats why they wont do it..could the fed and merkel be short the euro?? stranger things have happened..lol
THEY ARE ALREADY PRINTING AND PROPPING, JUST NOT ANNOUNCING. WE'D HANG THEM IF THEY TOLD US. SWAPS AND POPS AND ANYTHING THEY CAN THINK OF AT ALL IS BEING DONE. COUNT ON IT. BET ON IT. THEY SYSTEM DOES NOT EXIST ANY MORE, ONLY STORIES. I'M SERIOUS. PLEASE WAKE UP.
Any more good news for us this morning, MS?
The game of chicken between the central banks is not going to end well. I wonder who will be the first beheaded poultry.
Dammit. I told you not to hit the "FLUSH" button until after I left the building.
Now how am I going to get these stains out?
as an aside, the rally in T-bonds may be in it's terminal stage with a move to 2.5% given the negative articles on gold starting to become more common, a low may be within sight as the dollar's rally has become pretty extended on the short term
You mean this is the end of the 30 year rally in bonds? You've found the endpoint of 30 years?
i call this the ABC market- Anything But Cash. The depearation clients exhibit in terms of their willingness to buy 40 year maturites of pure garbage to get any kind of yeild tells me the end may be getting close. different market-same desperation. the top may take weeks or months to form but, it feels like the emotional levels are there to make one.
Er... at what point does the Bernank decide he must print again like crazy to rebalance the race to the bottom? This is all building up like a huge zit about to pop.
Bernanke is not stupid. He knows he's not getting the effect he wanted with QE. And he knows he can't maneuver this close to an election and hope the Fed can retain independence from Congressional action.
He'll do nothing. There's no point in doing anything, other than maybe tease.
Agreed. Ten year Note at 1.64% the Eurozone crumbling helps Shalom for the next 6-18 months it perhaps puts a lid on long term rates everyone is so scared shitless they pile into UST and USD. At some point post election the printfest orgy will resume. Lower oil helps but the higher dollar hurts Shalom's projections for S&P earnings and ultimately SPY and RUT. he knows this so maybe at 1,000ish on the Spy he has to jump in. Maybe.
You, me and a bunch of people know printing won't save the economy. Yet if things go too far south, there is going to be a shreiking clamor from the usual whiners to do something.
Bernank may not be as concerned about the elections as many believe. I am wondering aloud if there is one more hefty print job left in the old goat before he is put out to pasture.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.