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Set Your Alarm: Germany's Government Spokesman To Make Statement At 7:30 pm Berlin Time, 1:30 pm Eastern

Tyler Durden's picture


Ok, everyone can go on that Starbucks run: the market will be dead for the next hour when German government spokesman Siebert will make an announcement at 7:30 pm. No need for any UK tabloids to even frontrun the lies this time around. That said, we are concerned that the news won't be spinnable in a favorable fashion.


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Thu, 10/20/2011 - 12:40 | 1793547 Irish66
Irish66's picture

Expect 2.5 hour delay

Thu, 10/20/2011 - 12:45 | 1793572 Unprepared
Unprepared's picture

Sarkozy will name his daughter Angela

Thu, 10/20/2011 - 12:51 | 1793611 GeneMarchbanks
GeneMarchbanks's picture

Pronounced:   un-HELL-ah

Thu, 10/20/2011 - 12:54 | 1793633 CClarity
CClarity's picture

Or Helen of Greece

Thu, 10/20/2011 - 13:02 | 1793679 Andrew Jackson ...
Andrew Jackson epitaph's picture

Really it should be Nafissatou    Julia

Thu, 10/20/2011 - 13:34 | 1793824 Jumbotron
Jumbotron's picture

What?!   Nosferatu ?!!!

Thu, 10/20/2011 - 12:54 | 1793626 Manthong
Manthong's picture

"we are concerned that the news won't be spinnable in a favorable fashion"

I'm concerned that the news WILL be spinnable in a favorable fashion.

So which official will commit his/her nation to a far, bar better thing than they have ever done before and commit his/her people to a far better demise to go to, than they have ever known?


Thu, 10/20/2011 - 13:09 | 1793700 Clorox Cowboy
Clorox Cowboy's picture

Well...all of them of course.  Was that a trick question?

Thu, 10/20/2011 - 14:39 | 1794241 Manthong
Manthong's picture

Rhetorical, of course.

Thu, 10/20/2011 - 12:49 | 1793600 junkyardjack
junkyardjack's picture

At 1:25pm Eastern they will release a statement that denies the release that they would make a statement at 1:30

Thu, 10/20/2011 - 12:50 | 1793607 JLee2027
JLee2027's picture


Thu, 10/20/2011 - 13:33 | 1793813 PY-129-20
PY-129-20's picture

This is really urgent. They need an expert. A real Pro. Has anyone the current adress of Baghdad Bob?

Thu, 10/20/2011 - 13:13 | 1793712 doomz78
doomz78's picture

World politics at it's most incompetent.  Just a bunch of chimpanzees eating bananas.  An insult to the primate community actually.  The Chimpanzees have a distinct plan.  They are hungry so they eat. The European political sideshow is a mess with no distinct plan.  Confused.  And structually screwed.  No sense of purpose and unity at all.  And now the bond market is starting to feed on them and the banks are plummmeting.  

This whole thing has been worst then a slow motion car crash.  It's actually like watching a guy in a rubber cell smash his head against a wall over and over again.......    Absolute insanity absolutely. 

Thu, 10/20/2011 - 12:41 | 1793549 Clueless Economist
Clueless Economist's picture

Susan Sarandon is a NAZI

Thu, 10/20/2011 - 12:46 | 1793578 nyse
nyse's picture

I knew it.

Thu, 10/20/2011 - 13:14 | 1793708 Long-John-Silver
Long-John-Silver's picture

She plays evil characters so very well for that reason.

Thu, 10/20/2011 - 12:41 | 1793552 bania
bania's picture

now is ze time on Sprockets vhen ve dance!

Thu, 10/20/2011 - 13:16 | 1793726 Long-John-Silver
Long-John-Silver's picture

Dance Bitchez, DANCE!

Thu, 10/20/2011 - 14:03 | 1794042 Jumbotron
Jumbotron's picture


Thu, 10/20/2011 - 13:51 | 1793967 Sokhmate
Sokhmate's picture

ze Sprocket danze is zo eazi it'z like shooting fishes in ze barrel.

Thu, 10/20/2011 - 12:43 | 1793559 vote_libertaria...
vote_libertarian_party's picture

"We have a plan to work on a plan that we will announce with no details at some time in the future."


Stocks rocket higher...

Thu, 10/20/2011 - 12:52 | 1793622 junkyardjack
junkyardjack's picture

"I just called to say hi. Nothing much going on here, same old same old.  How have things been with you?"

Thu, 10/20/2011 - 12:43 | 1793562 Fips_OnTheSpot
Fips_OnTheSpot's picture


Thu, 10/20/2011 - 13:23 | 1793753 Leopold B. Scotch
Leopold B. Scotch's picture

When I yawn, people hammer me with negative reviews.

Are you using leverage to naked short your own negative reviews?

Thu, 10/20/2011 - 12:43 | 1793563 slaughterer
slaughterer's picture

Wir sind sehr stolz zu sagen, dass Herr Warren Buffett hat der ESFS ein zusaetzlich Summe von EU400 Milliarden gegeben.  Deutschland ... uh .. ich meine, der EU is gerettet! 

Thu, 10/20/2011 - 12:44 | 1793565 Bernank of America
Bernank of America's picture

merkels yielding to not have a solution to EFSF and no progress has been cited, how can he not disappoint? 3 trillion euros? He talked it over with the Bernank for some extra cash?

Thu, 10/20/2011 - 12:44 | 1793567 DormRoom
DormRoom's picture

Germany exits Euro. <fingers crossed>

Thu, 10/20/2011 - 12:45 | 1793576 Fips_OnTheSpot
Fips_OnTheSpot's picture

cant happen on a thursday night.. but we might wish for it for sunday post-summit

Thu, 10/20/2011 - 12:46 | 1793580 DormRoom
DormRoom's picture

My prof says Greece will exit.  I argued that GErmany would exit first.  If I'm right, my prof buys me coffee.

Thu, 10/20/2011 - 13:30 | 1793790 MachoMan
MachoMan's picture

He ought to buy your degree.

Thu, 10/20/2011 - 12:51 | 1793612 reload
reload's picture

Why not on a Thursday? If I was a German any day of the week would do.

Having said that - if he was going to make the "It is with much regret" speach, it would have leaked - at least to the extent that Stocks were a bit more copperish today.

Thu, 10/20/2011 - 12:58 | 1793652 Fips_OnTheSpot
Fips_OnTheSpot's picture

Just because tomorrow is a work-day -- but we would need some HELLUVA party if they announce that. And as Germans we dont just call in sick ;-)

Thu, 10/20/2011 - 13:00 | 1793670 Clorox Cowboy
Clorox Cowboy's picture

Having said that - if he was going to make the "It is with much regret" speach, it would have leaked

Are you trying to set someone up for a dirty joke or what?

Thu, 10/20/2011 - 12:47 | 1793589 Ethics Gradient
Ethics Gradient's picture

Nothing happens in Europe until forced.

There are many steps that has to happen until Germany feels forced.

France, on the other hand.....


Thu, 10/20/2011 - 12:55 | 1793637 reload
reload's picture

"France on the other hand......."

is fucked either way?

Thu, 10/20/2011 - 13:19 | 1793737 Grimbert
Grimbert's picture

Let's hope they give us fair warning so we can spend / exchange any euros we may have whilst they are still worth something.

Thu, 10/20/2011 - 13:33 | 1793811 MachoMan
MachoMan's picture

Don't worry, you'll have plenty of fair warning before the bottom drops out...  just keep waiting.

Thu, 10/20/2011 - 12:44 | 1793568 Mark123
Mark123's picture

It will likely just be another don't worry be happy announcement.


Move along people...nothing to see here...stock markets are safe.

Thu, 10/20/2011 - 13:04 | 1793684 Clorox Cowboy
Clorox Cowboy's picture

Definitely going to be a non-announcement.  Something like:  Merkozy is getting the band back together, but have decided to only release one detail of the rescue plan each month to make the fun last as long as possible.  Then next month it will be once a quarter.  Rinse and repeat.

Thu, 10/20/2011 - 12:44 | 1793571 slaughterer
slaughterer's picture

Ich hole ein Bier (Jever).

Thu, 10/20/2011 - 12:47 | 1793593 Wolferl
Wolferl's picture

Good choise.

Thu, 10/20/2011 - 12:45 | 1793573 Archimedes
Archimedes's picture
deutsche marks!
Thu, 10/20/2011 - 12:47 | 1793586 Bam_Man
Bam_Man's picture

You left out the "bitchezzz" part...

Thu, 10/20/2011 - 12:55 | 1793641 Ahmeexnal
Ahmeexnal's picture

douche marks, the mark of the beast.

Thu, 10/20/2011 - 12:46 | 1793579 Caviar Emptor
Caviar Emptor's picture

Zer iz no brrroblem in ze UroZohn. We haaf spatzle fur everyone

Thu, 10/20/2011 - 12:51 | 1793619 cossack55
cossack55's picture

Ich liebe Spatzle, juuummmm, spatzle unt krauterbutter.

Thu, 10/20/2011 - 12:58 | 1793654 dermus
dermus's picture

Ja aber wart und du wird goldmark essen.

Thu, 10/20/2011 - 12:47 | 1793582 rambler6421
rambler6421's picture

Bank Run Bitchez!

Thu, 10/20/2011 - 12:48 | 1793585 TheLooza
TheLooza's picture

Your problem Tylers, is that you guys don't realize how creative the market can be when it comes to making a delicious melt up sandwich out of shit and french bread.


Thu, 10/20/2011 - 12:51 | 1793616 V in PA
V in PA's picture

It's almost like they know how to turn shit into gold.

Thu, 10/20/2011 - 12:58 | 1793651 tickhound
tickhound's picture

The market went Hollywood.  I thought everyone knew.

Thu, 10/20/2011 - 12:47 | 1793588 junkyardjack
junkyardjack's picture

Thank goodness, this market is acting like there is a crisis or something.  Finally the government can come in and shed some truth to the masses and calm everyone down...

Thu, 10/20/2011 - 12:47 | 1793590 Cult_of_Reason
Cult_of_Reason's picture

It could be about Qaddafi (nothing to do with EFSF). Germany is involved in Libya.

Obama will make a statement at 2 pm too.

Thu, 10/20/2011 - 12:50 | 1793610 SheepDog-One
SheepDog-One's picture

OLD, old news already. This market moves on 5 second rumors....if its :30 seconds old we're dealing with ancient history.

Thu, 10/20/2011 - 13:00 | 1793672 Cult_of_Reason
Cult_of_Reason's picture

What is "old news"? Doubts about Sunday’s summit reaching any decision or Qaddafi death?

Thu, 10/20/2011 - 13:12 | 1793709 Miss Expectations
Miss Expectations's picture

Are Michele and the girls going to decorate the White House lawn for Halloween with gravestones or do we have to do it?

Thu, 10/20/2011 - 12:47 | 1793591 SheepDog-One
SheepDog-One's picture

He's gonna announce that theyre making plans for another announcement at some later date! Yowza! Should be good for +1.5% market wide I'm sure.

Thu, 10/20/2011 - 12:48 | 1793599 agent default
agent default's picture

Germany is leaving the Euro.

Thu, 10/20/2011 - 12:57 | 1793601 Money 4 Nothing
Money 4 Nothing's picture

Global Meltdown in T minus - 5 - 4 ... Seriously, Germany will announce some sort of agree to disagree vote of confidence for next Wednesday. It's just never ending until Germany flips the bird at the EU and the ink starts flowing into the Deuchmark printers. It will be short turm pain for them but as Merkel said August 16th "Germany can not bail out the world!"

 And, they cancelled their Friday meeting so that's telling. Somethings brewing and it ain't Beer and Bratwurst.


Thu, 10/20/2011 - 12:51 | 1793602 sabra1
sabra1's picture

bet he's got the infamous stolen TOTUS's teleprompter!


 the borscht is ready!

Thu, 10/20/2011 - 12:50 | 1793604 thechainrule
thechainrule's picture

This should help pass the time. So hot, yet so dumb.

Thu, 10/20/2011 - 12:50 | 1793605 sheeple2012
sheeple2012's picture

du...du hast....du hast mich

Thu, 10/20/2011 - 12:50 | 1793608 TheLooza
TheLooza's picture

You know what time it is?...


Been a while, know it's coming!


time to roll out the QE3 rumor roadshow.


Rumors of Mountains of Massive asset purchases coming.


Huge HFT boner needs to pop off



Thu, 10/20/2011 - 12:52 | 1793623 SpeakerFTD
SpeakerFTD's picture

For maximum effect, they should release the statement as a Downfall parody

Thu, 10/20/2011 - 12:52 | 1793624 Beastmanager
Beastmanager's picture

EFSF Kaputt bitchezz, Sarkozy is having a baby this weekend

Thu, 10/20/2011 - 12:52 | 1793625 tony bonn
tony bonn's picture

good god the germans are going to announce support and bailouts for banksters world without end....there will never be a time or place where a bankster will take a meaningful loss....he is a ward and master of the state who can demand without limit the resources of the state to sustain his rapacious plunder of the people....

read g edward griffin's the creature from jekyll island 5th edition to see how the game of bailout is played...something will be extended, pretended, rolled over, restructured, guaranteed, backstopped, nationalized, et. al. but never will a bankster loose interest payments on his loans....

europe is a sacred cow for which german politicians will roll their own people under the bus to save the euro....

Thu, 10/20/2011 - 12:53 | 1793630 thunderchief
thunderchief's picture

They will announce that Gadaffi has been Killed. 

If not that it will be of equal relevance.

Thu, 10/20/2011 - 12:55 | 1793638 AmazingLarry
AmazingLarry's picture

Starburnt's? For a $7 latte? No inflation here, I'll take a 6 pk on my BoA debt card to go...



Thu, 10/20/2011 - 12:56 | 1793643 Wolferl
Wolferl's picture

Ladies and gents, i´m proud to announce that president Sarkozy agreed to give back Alsace in exchance for the bailout of french banks. Wuhahahahaha.

Sarko thinks Alsace is German anyway:

Thu, 10/20/2011 - 13:00 | 1793671 schadenfreude
schadenfreude's picture

They don't speak French in Alsace anyways

Thu, 10/20/2011 - 13:16 | 1793730 destiny
destiny's picture

Sarko does nt know shit about the French... 

Thu, 10/20/2011 - 12:57 | 1793650 Commander Cody
Commander Cody's picture

Starbucks?  Hell, let's back 'em up three deep at the martini bar.  To hell with Friday!

Thu, 10/20/2011 - 12:59 | 1793659 ViewfromUnderth...
ViewfromUndertheBridge's picture

Going to be something that requires gold to be sub $1,600...

Thu, 10/20/2011 - 12:59 | 1793660 Buck Fartz
Buck Fartz's picture

OT: Sarkozy Baby News: Reuters reports that the "Sarkozy" baby is 25-years-old, weighs 142 pounds, and looks like Mick Jagger. Sarkozy not amused, nor reassured by Carla Bruni's protestations of fidelity. Paternity test scheduled for Sunday. <fartz> 

Thu, 10/20/2011 - 12:59 | 1793664 schadenfreude
schadenfreude's picture

Place your bets Bitches.

SocGen short 3....2...1....

Thu, 10/20/2011 - 13:06 | 1793686 Bam_Man
Bam_Man's picture

"And now back to our regularly scheduled market melt-up."

Thu, 10/20/2011 - 13:07 | 1793687 Roamin Fro
Roamin Fro's picture

Has the announcement now been cancelled? See RANsquawk...


Thu, 10/20/2011 - 13:07 | 1793688 spartan117
spartan117's picture

Why 1:30?  So the Crimex will be closed and they can hammer gold and silver in low volume to show the world that paper currencies are safer?  "See?  Don't buy gold and silver, they are too risky!  Buy paper currencies!  We can print all you want!"

Thu, 10/20/2011 - 13:08 | 1793691 slaughterer
slaughterer's picture

Must be good if the GS and Latour HFTs are front-running it upwards.  

Thu, 10/20/2011 - 13:09 | 1793696 Quinvarius
Quinvarius's picture

No matter what he says, the Euro will go up.  That is my prediction.  He could announce a giant earthquake and a giant tidal wave had just hit Berlin, destroying all economic output, and that they were having a nuclear meltdown worse than Chernoyl.  The Euro would go up.  Wait.  That happened once already.

Thu, 10/20/2011 - 13:11 | 1793707 unionbroker
unionbroker's picture

i love it the banks all rally because everyone thinks that someone else has early info on the announcement

Thu, 10/20/2011 - 13:15 | 1793724 Atomizer
Atomizer's picture

The flea circus needs another 7 days to extend & pretend.

Thu, 10/20/2011 - 13:16 | 1793729 marcusfenix
marcusfenix's picture

t minus 15 min until...nothing happens.

Thu, 10/20/2011 - 13:20 | 1793738 Voodoo
Voodoo's picture

imagine telling your bookie you need just a little more time honest......


Thu, 10/20/2011 - 13:20 | 1793739 crash_davis
crash_davis's picture

It would be awesome if some low level beurocrat rolled up to the podium at 7 :25 and announced himself as leeroy jenkins.

Thu, 10/20/2011 - 13:20 | 1793740 turicum
turicum's picture

Where will that anouncement be broadcast?

Thu, 10/20/2011 - 13:21 | 1793744 devo
devo's picture

No matter what happens, stocks will go up.

Bad news = "Bernanke will print!"

Good news = "everything is fixed!"

I highly doubt Germany is holding a press conference to announce the end of Western civilization...

Thu, 10/20/2011 - 13:26 | 1793763 marcusfenix
marcusfenix's picture

you know I thought for sure the insane philly beat earlier would have sent the markets into the stratosphere, but it didn't.

getting harder to predict what "news" will have what effect on the markets, guess we'll just have to wait and see...

Thu, 10/20/2011 - 13:28 | 1793777 devo
devo's picture

I thought so, too.

I figure any manufacturing increase is temporary/Christmas season Temporary employment will probably pick up next month, too. Might skew reports.

Thu, 10/20/2011 - 14:53 | 1794284 Voodoo
Voodoo's picture

it looks like we're running out of greater fools...

Thu, 10/20/2011 - 13:32 | 1793802 Belarus
Belarus's picture

I highly doubt Germany is holding a press conference to announce the end of Western civilization.

I completely agree. It's like like there FD here. Plus, why in the world would they basically announce today the whole thing is fucked? It's waaaaaaaay too early to show your hands. Insiders already know, EUR/USD getting a bid, stocks, qqqq up 1% off it's low within 15 minutes. Unbelievable. 

Thu, 10/20/2011 - 13:21 | 1793747 PicassoInActions
PicassoInActions's picture

Please be aware that annoncment will be by Rammstein and gang.

"We are living in america..." CocaCola wander bra.... after that expect euro to take off like Space Shuttle Challenger

Thu, 10/20/2011 - 13:24 | 1793754 walküre
walküre's picture

I told you so over and over and over again.

I can make the announcement 8 minutes early.

Germany is not going to pay. End of story.

Thu, 10/20/2011 - 13:27 | 1793771 PicassoInActions
PicassoInActions's picture

they have no choice, if euro falls they are going down first... no1 to export.

Thu, 10/20/2011 - 13:39 | 1793822 Rynak
Rynak's picture


And no, we can perfectly - after some adjustments - care about ourself without being overdrugged with exports..... one of the reasons is: We managed to do that in the past just fine. After all, all that would be neccessary for a healthy domestic market, would be a population that isn't broke, BECAUSE of the export-mania.

Thu, 10/20/2011 - 13:41 | 1793873 Mr_Wonderful
Mr_Wonderful's picture

Quite the contrary. If the Euro falls the Germans make out like bandits - obviously since they´re very dependent upon exports.

Thu, 10/20/2011 - 13:48 | 1793928 Rynak
Rynak's picture


Okay, please explain this to me. There are two things that confuse me about it:

1. How can lending to others, so that can they buy one's own goods.... result in "making out like bandits".... and not instead..... umm, something like the EMU :)

2. A pusher needs overvalued crackwhores.... after all, the discount of the own workforce, is how he attracts so many exporters (he's basically selling out the population). So if the current crackwhores in the EU, are allowed to leave, how does that not reduce the supply of crackwhores? :)

Thu, 10/20/2011 - 13:46 | 1793921 Conman
Conman's picture

If congress/sec(hah) really wanted to study if HFT hurts the market, they just need to study the last hour of market action.

Thu, 10/20/2011 - 13:25 | 1793758 bnbdnb
bnbdnb's picture

Greece no get moneys.

Thu, 10/20/2011 - 13:26 | 1793761 Mr_Wonderful
Mr_Wonderful's picture

Apparently it´ll be nothing and the market will quickly drop back to where it was an hour ago.

Thu, 10/20/2011 - 13:27 | 1793764 Aductor
Aductor's picture

Of course, the US stock "markets" are the most disconnected from reality of them all. Las Vegas, Wall street, do they really differ that much?

Thu, 10/20/2011 - 13:28 | 1793775 Piranhanoia
Piranhanoia's picture

oops.  Phone service has been canceled in Euroland,  we are working on the problem.  Oops,  now the net is dark.  Oops,  the banks have closed.  Oops,  tanks in the street.

Thu, 10/20/2011 - 13:29 | 1793782 jarboejl
jarboejl's picture

Looks like Goldman Sucks got a sneak peek at Seibert's statement.

Thu, 10/20/2011 - 13:29 | 1793785 adr
adr's picture

Well the market seemed to like the announcement of an announcement. We had a nice 100 point no volume rally and the losses in oil have been halved in the last hour.

So do we get a disappointing announcement or an announcement that the announcement of another announcement is back on track?


God this is getting old.


Once again ORS is rallying off some cloud or unicorn farted dust. The jump looks exactly like the stair step algo pattern of the market recently. ORS must be a Fed owned transfer vehicle.

Thu, 10/20/2011 - 13:31 | 1793798 slaughterer
slaughterer's picture

Nachricht: "Wir brauchen mehr Zeit."

Thu, 10/20/2011 - 13:32 | 1793806 FoieGras
FoieGras's picture

They need to put Goebbels back in. That'd be more entertaining.

Thu, 10/20/2011 - 13:32 | 1793807 Ryman1075
Ryman1075's picture

Is the announcement live?  Is there a link?


Thu, 10/20/2011 - 13:33 | 1793809 YoungSJ
YoungSJ's picture

Any links to the statement?

Thu, 10/20/2011 - 13:35 | 1793828 afdestruction
afdestruction's picture

anybody wanna just summarize what they say if they actually SAY something...

Thu, 10/20/2011 - 13:33 | 1793810 adr
adr's picture

Momo favorties have pretty much all reversed so someone obviously got a nice peak at the memo. Or some serious shorts were just set up.

Thu, 10/20/2011 - 13:36 | 1793843 devo
devo's picture

Neither, just gambling addiction.

Thu, 10/20/2011 - 13:36 | 1793845 NDXTrader
NDXTrader's picture

I don't think so...just a melt-up to get the put buyers out so they don't make money before expiration

Thu, 10/20/2011 - 13:37 | 1793819 midin
midin's picture

Basically they plan a second meeting until wednesday to agree on the package.




Thu, 10/20/2011 - 13:35 | 1793830 NEOSERF
NEOSERF's picture

Wow, that was a big announcement...another meeting...phew, sure does support a 40 minute 90pt this roulette table

Thu, 10/20/2011 - 13:35 | 1793832 FinalCollapse
FinalCollapse's picture

OK - Octoberfest time!

Thu, 10/20/2011 - 13:35 | 1793837 marcusfenix
marcusfenix's picture

looks like they are have another meeting on Wednesday.


Thu, 10/20/2011 - 13:38 | 1793856 devo
devo's picture

My theory is this all of this wavering is a massive habituation when things actually tank, we shrug it off. You've seen investors shrug off a lot in the past month, so I think it's working.

Thu, 10/20/2011 - 13:38 | 1793853 adr
adr's picture

Man I've never seen humans react that fast to anything. Oh yeah, there aren't any humans left trading the market, rally halted. Now lets see how many words the algos can take from the announcement for a 3:00 pm rally.


wait I spoke to soon its a wiggle pattern back to the day's high, which way will the sucker break?

Thu, 10/20/2011 - 13:38 | 1793859 marcusfenix
marcusfenix's picture

once again just when you think things couldn't possibly get any more retarded- this from marketwatch



Stocks rebound after report on EU summit plans

Thu, 10/20/2011 - 13:42 | 1793890 devo
devo's picture

Market Watch is THE WORST.

Thu, 10/20/2011 - 13:38 | 1793861 slaughterer
slaughterer's picture

If the HFTs have an algo that buys on the word "ehrgeizig" then we will have a rally. "Die Bundeskanzlerin und der Staatspräsident sind sich vollkommen einig, eine umfassende und ehrgeizige Antwort auf die Krise zu geben, die die Eurozone im Moment durchlebt."  

Thu, 10/20/2011 - 14:03 | 1794039 Rynak
Rynak's picture

Unfortunatelly, the press release contains almost ONLY rethorics..... the only 2 facts in it are:

- They will meet again on wednesday

- They "would like" to agree on the packet then.... you know really really really like...... like.... today.

Short version: Talks broke down. Next try wednesday. That is all.

Thu, 10/20/2011 - 13:41 | 1793877 afdestruction
afdestruction's picture

dunno about the main market but PM's aren't looking too hot

Thu, 10/20/2011 - 13:45 | 1793910 devo
devo's picture

It only matters if you bought yours as an investment to flip.

The real price of gold is ~3x spot...that is what the government would charge if they confiscated it/fiat currency failed. PMs are suppressed for various reasons. It's not even worth looking at the price unless you bought it as an investment to resell.

Thu, 10/20/2011 - 13:51 | 1793958 afdestruction
afdestruction's picture

It also matters if you wanna buy more next dip...

Thu, 10/20/2011 - 13:45 | 1793913 carbonmutant
carbonmutant's picture

That was a non event....

Thu, 10/20/2011 - 15:23 | 1794394 onlooker
onlooker's picture

There was no silver bullet. Due to a shortage of PM silver bullets are in short supply. And to make matters worse, they used up most of them recently in Pakistan and Libya.

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