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Next Leg Bitchez...
GOLD set to take run to 1999.
Follow the Chinee?
Got Some ???
Fucking knew someone was on the printing press!
Everyone out of the fucking Bond, equities and paper pool. All into gold and silver.
Fuck this shit.
Don't go all in yet. There will be more sales before all this SHTF.
Yep, chasing prices higher is not a good idea.
Buy the dips not the spikes.
Many readers on here get great joy of buying high and selling low.
I used to buy on the way up as well as on the way down. I got some horrible deals and then I got some unbelievable bargains. It all ends up averaging itself out. That said, I'm fed up with this game they're playing. I don't know what's driving the PMs today but I have no doubt that TPTB will intervene again. This game is far from over, IMO. No sense chasing prices anymore. Just wait for them to smash it down and then back up your truck. Gold will see 1600s again before it breaks 2000.
I thought China was the FUTURE? You mean they have fucked up banks and a country full of bad debt? There's no occupants for those empty cities? The vaunted high-speed rail that was supposed to go 224mph is really going 0?
Ummmm, who SELLS Gold?
Things are sold FOR Gold.
Lagarde’s remarks echoed the European Bank for Reconstruction and Development, which warned last month that regulatory pressure on euro-area banks to raise capital ratios may result in less support to local units. About three-quarters of eastern Europe’s banking industry is owned by western lenders such as Italy’s UniCredit SpA (UCG), Austria’s Erste Group Bank AG (EBS) and France’s Societe Generale (GLE) SA.
It could be that or just a retrace before the next leg down.
You'll get my gold when you pry it from my cold dead hands.
Hope you've had a good life.
( ! )J Hook Line and Sphincter
Look for a lot more Chinese food restaurants and dry cleaners on those nice, warm Cyclades Islands?
Never underestimate the Power of Paper Printing
Zero power there robo....too bad you dumped all your gold gee look at it go!
You're talking to a machine.
I think occasionally someone logs into the account to post, I don't know which chatbot it is, but 99% of the posts are highly formulaic. You're basically getting wound up over a toaster.
90% of the posters on zerohedge these days are college kids with no real money, and no real investments.
Just everyone talking about what they pretend to own.
OH so thats why US HFT robots got all excited, Chinese robots told them theres money printing from thin air.
China can refi their way down, what about everyone else?
TIP about to break out to world record highs.
GLD still lagging "Paper"
And the DOW is up....+20...gee youd think Robo this excited would mean his Antonio Banderas blow up doll just arrived or something.
The way the perma-screechers were talking all weekend
The Dow should have been down 500+
Eh, no one ever said the Dow would be down, just gold would be up. What's right is right.
Oh, well i didnt havent any comment over the weekend at all so I dont know who youre directing your comment to specifically.
ARE YOU SERIOUS?
THE ANTONIO BANDERAS BLOW UP DOLL IS HERE?
SPREAD THE WORD EVERYBODY.
and the McRib is back now also, for a limited time...better run!
Google equity market, and carefully read the first non-ad entry (in google, don't click on the link) - it's the wikipedia link:
A stock market or equity market is a big fat penus with public entity and a fat girl(a loose network of economic transactions, not a physical facility or discrete ...
HEY HE IS RIGHT! LOL.
I DIDNT KNOW A STOCK MARKET WAS A BIG FAT PENUS.
(uh...what is a penus, btw?)
Beats me. What's a dikfor?
So exactly how much credit has China created over the last couple of years to prop up its economy with crazy, speculative lending that was used to increase aleady excess industrial capacity, build more roads, railways, airports and empty condos? Last time I looked it was about $3 trillion, which is about the total amount of reserves they have build up over the last few decades. Maybe the reserves are not really so reservish after all??
Pedal to the metal baby!!!! China is in the driver's seat....
yeah, and they already sterilized the reserves...they can't really be spent like true reserves anymore.
The last global currency/banking crisis eventually led to Depression then World War.
The craps table markets may be getting some 30 to 1 double sixes while the printing presses are humming, but sooner or later the plowshares will be beat into swords.
All that's happening is predictable, as there are 7 stages that every major economy goes through. Those who know how it works profit & massive wealth is transferred to them. Several months ago I learned this information from a millionaire whose site I found & am sharing it with everyone I know.
His free video
"How To Create Incredible Wealth in Today's Economic Crisis"
Hope this info helps everyone as much as it has me.
And when China has double digit inflation, you can expect all hell to break loose. Can you imagine when millions of Chinese workers earning 3 dollars a day lose 20% of their purchasing power?
Long plastic rice
long melanine milk, glow in the dark pork, and sewer oil.
So much for a strengthening Yuan.
all that money will be used to buy europe once it implodes!
Consumer credit up 3.5%
Retail spending is getting stronger, not weaker
That will be good for gold, more jewelry and trinkets.
OT: Calculated Risk shares what he thinks about ZeroHedge:
"My reaction to ZH is very different. If you consider them the Onion of the financial world, then they are hilarious. As a real source of information, they are obviously clueless ... but I like to think I'm in on the joke!"
Why are gold and silver exploding higher today? I could understand if gold was up and silver flat or down...that could be Europeans buying a safe hedge, but his looks more like the printing presses starting up again (QE3)??
QQQ only $1 away from making 10-year highs.
Interesting from a G&M story this weekend that didn't get much play, basically discussing how the shadow banking system drying up in China is causing a credit crisis.
It has it roots in Wenzhou, China.
As loans from state-owned banks dried up, many in Wenzhou turned to shadier sources of money, eventually falling into a trap familiar to many on Wall Street and elsewhere – borrowing from one lender to pay off another, at higher and higher interest rates, sometimes 15 times the official standard.
It was very similar to the collapse of Lehman Brothers in the U.S., it spread so quickly,” said Mr. Huang, who is more than $2-million in hock himself.
As a result, while Chinese President Hu Jintao was being wooed in Europe this week to contribute to a fund to save that continent’s failing economies, his government was quietly setting up its own $160-million bailout fund to try to halt a domestic credit crisis that many say has already spread beyond Wenzhou to other parts of China. It threatens millions of small and medium-sized businesses, though larger state-backed firms thus far seem immune.
Great article...thanks for the link!
Meanwhile the world is relying on China's great piggy bank to bail us all out? Classic train wreck coming.
"Me print you long time...me so SHIBOR-ny..." http://www.youtube.com/watch?v=12tce-THLUE
US, EU, China...a race to the bottom, supposedly cushioned by the amazing amount of paper they'll print. Somehow I don't think the Charmin-bucks are gonna cushion the blow enough. Is a golden or silver 'parachute' enough to save the average Joe? Hopefully Corzine and the rest of his ilk have a tungsten-lead parachute with a gold veneer.
the Chinese have $3 trillion forex reserve but with that amount they couldn't even cover their own ass, that's why the talk about contributing to esfe is all bluff
Those dollars are useless in defending losses in RMB's. Do some research.
So, China was buying U.S. treasuries and mortgage backed securities to the tune of $30 billion a month and quit right when we need them to buy $150 billion a month or more and Europe is in trouble? I thought total foreign held treasury bonds went down by $93 billion in the last couple months. If Europe offers bonds at 6% or better, they should be able to sell some. It'd be like a fart in the wind.
Where is the Bloomberg link?
So how exactly does one become a member of the Bailout of the Month Club?
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