• Monetary Metals
    05/02/2016 - 01:28
    The price of gold shot up this week, and silver moved proportionally. Headlines are screaming for gold to hit $10,000 or $50,000. Does this alleged new bull market have legs?

News Just Keeps Getting Worse: Spain To Cancel August 18 Auction As Bundesbank President Says Opposes ECB Bond Buying

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Thu, 08/04/2011 - 11:46 | 1524003 Bard
Bard's picture

In business media (Polish CNBC) they are asking analytics all the time ,,its a good time to buy stocks?".

Thu, 08/04/2011 - 11:52 | 1524022 Takingbets
Takingbets's picture

Haven't you heard, it's ALWAYS a good time to buy stocks! Bahahaha!

Thu, 08/04/2011 - 12:03 | 1524059 TruthInSunshine
TruthInSunshine's picture

<--RoboTard=ultimate fade

<--HarryWanger=urinal cake IPO failed

Thu, 08/04/2011 - 12:09 | 1524076 Ahmeexnal
Ahmeexnal's picture

and it has begun.

the panic spreads and the herd rushes toward a safe haven.

DXY is on it's LAST RALLY.

Thu, 08/04/2011 - 12:11 | 1524103 Transformer
Transformer's picture

"shudders of terror through the spine of billions of vacuum tubes around the world which have no idea how to predict the future at this point."

New term, calling the slow and plodding "vacuum tubes". 

I don't get it, the future is getting easier and easier to predict.  It's normalcy bias that stops people from seeing it.  The future couldn't be any clearer.

Thu, 08/04/2011 - 12:06 | 1524081 Zero Govt
Zero Govt's picture

Yes isn't that what Boehner-Reid-O'Bummer said only this week the Debt Ceiling Deal was supposed to engender... a strong stock market?

Is there anything in the country these worhtless cretins haven't lent their name to and trashed almost immediatly??? 

Thu, 08/04/2011 - 12:19 | 1524138 PolishErick
PolishErick's picture



Haha, I read on stooq.pl (also Polish) a headline that had the term "mild panic" in it... I thought there was only one level of panic- the one foaming at the mouth, blocking reason, with fear in the gaze, leaves and shit in the hair... but turns out we are still far below "semi-serious panic" or for example: "slightly concerning panic"


Can they still kick it down the road or is THIS IT?

Thu, 08/04/2011 - 11:49 | 1524008 bob_dabolina
bob_dabolina's picture


Where are all the peak oil junkies? Never hear from the guys on days oil is down 3%

Thu, 08/04/2011 - 11:52 | 1524024 topcallingtroll
topcallingtroll's picture

Well....VDE peaked.....that is good enough for me.

Thu, 08/04/2011 - 11:56 | 1524037 Note to self
Note to self's picture

Wer'e all out filling up our tanks while the price is low (ya moron)

Thu, 08/04/2011 - 20:57 | 1525194 The Count
The Count's picture

Whats your point? One or even several down days don't mean diddly squat. 

Thu, 08/04/2011 - 11:48 | 1524010 CrankItTo11
CrankItTo11's picture

Worse = Better

Thu, 08/04/2011 - 11:49 | 1524011 Dick Darlington
Dick Darlington's picture

When was it? Yesterday, when Salgado once again repeated all is well and added that Spain has not and will not cancel bond auction. Credibility just keeps on growing...

Thu, 08/04/2011 - 11:50 | 1524016 GeneMarchbanks
GeneMarchbanks's picture

Too bad. I really was going to attend that auction. Not to bid, just to laugh.

Thu, 08/04/2011 - 11:50 | 1524018 ZeroPower
ZeroPower's picture

2.46% !!!

Thu, 08/04/2011 - 11:51 | 1524020 schismjism
schismjism's picture

whats the difference between spain and italy?


three letters and 4 hours.

Thu, 08/04/2011 - 11:56 | 1524023 Zero Govt
Zero Govt's picture

Holy Sangria Batman.. there's a bottleneck in the brewing of debt!
Disclosure: Short paella

Thu, 08/04/2011 - 11:52 | 1524025 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

This is so awesome. 

Nothing else in the world smells like that.  I love the smell of napalm in the morning!

Thu, 08/04/2011 - 12:09 | 1524094 pods
pods's picture

Smells like..........Victory.


Thu, 08/04/2011 - 11:54 | 1524029 malikai
malikai's picture

<-- Bank run/holiday imminent.

<-- What is going on with the Kardashians?

Thu, 08/04/2011 - 11:54 | 1524030 lynnybee
lynnybee's picture

Great day on ZEROHEDGE, super website, i just love it all.

Thu, 08/04/2011 - 11:54 | 1524032 The Count
The Count's picture

Forget Spain, how about a march on Washington (with pitch forks) to demand our elected bozos to return to work until the solve the FAA mess. This is way beyond acceptable what the incompetent idiots in DC are doing.



Thu, 08/04/2011 - 11:58 | 1524043 goldm3mb3r
goldm3mb3r's picture

I don't want your stinking paper.

Thu, 08/04/2011 - 12:01 | 1524061 kaiten
kaiten's picture

Well, this is all preparation for QE3. Stocks need to crash, euro need to crash(i.e. oil need to go down), panic need to be stirred up everywhere, so that QE3 is seen as messianic(and only possible) savior (of american and world economy).

Thu, 08/04/2011 - 12:14 | 1524120 TruthInSunshine
TruthInSunshine's picture




While this is true, QE3 will look far different than prior iterations, and whatever form/shape it takes, it can't offset the black hole that is the job destroying force ravaging the globe.

The CONfidence game is up.

It's all a CONfidence game and Ponzi Scheme. Truly.

Government loses when people lose faith that things are getting better (as reported by the MSM government proxy agents) or that government truly has control over economic matters.

The people buying $2,500 designer shoes on paper profits in stocks are going to be shocked, not eased, into a world of austerity that is about to beset the global economy.

The elite that meet to beat are relatively few in number and are set, for the time being, anyways.

Self-sufficiency is the new currency, but it's a rare currency.

Thu, 08/04/2011 - 12:31 | 1524182 kaiten
kaiten's picture

1. They dont care about unemployment. All they care about is stuffing the pockets of their bankster buddies with printed money. And ...

2. ... If they do it as world "saviours" (See, the world was collapsing, QE3 was the only possibility), the sheeple wont protest.

Thu, 08/04/2011 - 12:06 | 1524085 Central Wanker
Central Wanker's picture

"The last thing that that the market needs to see now is uncertainty."

Uncertainty? What uncertainty? This thing is going down with great certainty!

Thu, 08/04/2011 - 12:09 | 1524091 CrankItTo11
CrankItTo11's picture

<-- World chaos deliberate

<-- World leaders incompetent

Thu, 08/04/2011 - 12:14 | 1524123 kaiten
kaiten's picture

It´s both, obviously.

Thu, 08/04/2011 - 12:15 | 1524122 Agent P
Agent P's picture

Nobody expects the Spanish Debt Suspension!!!

Thu, 08/04/2011 - 12:21 | 1524148 oogs66
oogs66's picture

Don't forget, Greece has a big bond maturity and some decent size coupons on August 20th.

Thu, 08/04/2011 - 12:26 | 1524169 Winston Smith 2009
Winston Smith 2009's picture

Did you know that Zerohedge was referred to here?:


Now that reality sets in, the blogs that have been warning about the fraud from the beginning start getting quoted.

Thu, 08/04/2011 - 12:26 | 1524170 RichardP
RichardP's picture

We'll close in the green today.

Thu, 08/04/2011 - 12:27 | 1524171 Instant Wealth
Instant Wealth's picture

All sing along ..

"No tengo dinero .. oh oh oh!"

Wed, 09/14/2011 - 04:46 | 1667382 chinawholesaler
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