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Cocksuckers seems more appropriate than following "bitches" with "bitches".
It had to be done.
buy buy buy
"if you have to forecast, forecast often" :)))
Here's the real reserve currency:
The ECB just has to bid for gold with their dollars and Bretton Woods 2 is done.
Fitch, the sleepy bear, is waking up. Expecting Saturnus sovereign wealth fund to express CONfidence in Spain and say they will buy all the paper they can get.
Shocking revelation from Morgan Stanley, be still my beating heart...EURO as a reserve currency? That was a joke 2yrs ago...
SGD as a CNY proxy, RUB as a commodity proxy, and lots and lots of the rich man's silver in physical form, hedged by ponzifiat.
Why in the hell is the Euro 1.30-1 USD anyway....is there any plausible reason why that should be at all at this point?
Euro has had only 12 years to debase itself. Patience.
'Reserve currency of favor'....LOL what a joke theyre all nothing but drunken fiat hobos staggering arm in arm down an alleyway signing pub songs of 'hope for tomorrow...tomorrow'
fiat hobo with a shotgun!
Starring The Bernank!
" So.... what is left if one is looking for a reserve currency?"
the Polish Zloty, obviously.
Shells and beads would be better reserve currencies than any of these fiatsco jokes.
Shells are a good reserve currency. I'm partial to 8-shot meeself. ;)
The Canadian $, check. The Aussie $, check. The Euro/Swissie, pending...
'Par' with the US $ seems to be a real good score. Always coincidental, never by design. Gold traded in $ Dronks.
We all know this is taking more time than we feel is needed, but that is the way it is. Miners still in correction mode. Patience and physical gold, silver are good.
Ya know, BBY one of the best retailers out there. So, if their sales are collapsing, do you really want to be in any retail? Stock down almost 8% and 50% off of long term high. Same with banks, why would anyone try a trade in an industry where you have no idea what the truth is and they cook their books to make all look better when most are insolvent if the truth be known. Makes 0 sense to me.
But not shorting this market.
the solution is always dilution
"Another one bites the dust...and another ones gone..another ones gone..another one bites the dust..." Queen.......so that leaves the USD and PM´s.......hmmmmmmmm...easy choice for me....but not for the HFT´s
ooooh...oooohh Mr. Kotter...i know this one.....pick me...pick me...
The Yen. muwahahahah
Gold will go to $1500 per ounce. Just wait and see.
What will the DJIA be at your $1500 projection?
Who cares about the DJIA? It's about the S&P and Russel2000.
But down to.
Only cared about the number of the DJIA as it pertains to Au to compare to previous markets and their numerical relationships , not whether or not its more or less valuable than the S&P in determining relative values. Which it isn't.
I'm betting $1300/6000
Then to infinity, and beyond
What is the deal with Morgan-Stanley lately ? They've been releasing decent information ( although hardly surprising information and the reserve currency comment is laughable ) .
Drumming up business ? Need to attract some customers that have some actual intelligence since the stupid fish were already taken down or have pulled out of this bipolar algo induced Hell of a market ?
Of course if they had intelligence they'd do their own investments and eliminate the middle man .
Australian and New Zealand dollar...but none of us wants to be nobody's reserve currency . Keep us out of the mess...please.
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