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Some Shocking Honestly Out Of Juncker Sends EURUSD Below 1.31
After a relentless upward session in yesterday's trade exasperated the EURUSD bears, it is time for the bulls to be punked, not once but twice, the first time coming overnight when some errant headlines out of China, suggesting it could be involved in the ESM, sent the pair soaring only to slide right back down on clarification this was not really happening. The second time it originated ironically enough, with Eurogroup muppet and Luxembourg Prime Minister Jean Claude Juncker, whose comments to in an interview with Deutchslandfunk were shockingly open and realistic. Among these were that the measures from the January 30 summit were "largely insufficient" and that Greek PSI talks were "ultra difficult." So apparently what Dow Jones said about the deal being done in hours may have been a modest fabrication. And something else that will certainly inflame German tensions once again, is his comment that the issue of a Greek budget commissioner is "off the table" and that there is no need for a "special Greek commissar." Thanks Jean-Claude, but we will wait for the real boss, Ms. Merkel, to voice on that one. Finally, apparently in a text message, Juncker's spokesman said no decision has been reached on possible talks next week. Great - so the Greek hard deadline of March 20 is now less than 50 days away, with the full exchange offer needing at least two months to be concluded, and there is still absolutely nothing on the table. Yup, sounds like Europe. In the meantime, the EURUSD has remember just what it represents: the total chaos, insolvency and disunion of everything European.
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Payaday today. Physical Gold or Physical Silver? Which one and why?
Not as in "why to buy gold or silver" (I already know that) but as in "why gold over silver or silver over gold".
I want gold , silver , platinum , palladium ,, but i missed the trade. sold all my pm positions in the last correction , good BUT , kept the worst one GDX and got greedy and thought it would fall some more and here i am... mistaken as always.
The question is to ALL gold bugs. Do you see at least another correction very soon not to say a possible crash to S&P 950...?
Basically the opposite of many who see qe now and all rockets go for six month. I see crash now and qe3 in six month. How wrong am i ?
I can't sleep want to buy TVIX so bad it hurts like being in love. bad idea ?
I have beans and guns .
To the person who suggested me getting a job .. i got an idea. i started buying more high end wines to sell in 10 years and will design silver clipings for glasses(to diferenciate the glasses) . I have 2kg of silver popcorn i have no use for or buyer.
smartmoneytracker.blogspot.com and TheDOCument.com are two good market callers imho.
He says it all in this one:
Biderman’s Daily Edge 1/30/2012: Keep Buying Gold, US Stocks in Bear Market Priced in Gold
All above to be refuted in 8....7....6....5....4..
"Yup, sounds like Europe. In the meantime, the EURUSD has remember just what it represents: the total chaos, insolvency and disunion of everything European."
So Juncker was somewhat honest (or has an interest in keeping the EUR down - shocking in a time of currency wars where devaluation is the goal of the game).
Where is the comparison? The tight-lipped honesty of Governors or Former Governors of the United States?
Insolvency? Compared to whom? In what currencies? Chaos and Disunion? What should we have, a dictator?
There is some truism in the old adage from Napoleon III's times that markets don't really like democracies... ;-)
"Greek PSI talks were "ultra difficult.""
Should we call the Squid for some consultancy or should we point out that the CDS positions make it "ultra difficult"?
There are hedgies involved that - poor things - racketed up first their CDS positions and then the dirt-cheap bonds, too... They are entitled to their bonuses, or the anti-free-market-devil will win.
When the Prime Minister of the last remaining Grand Duchy, all of 500,000 people strong, can have such a vital impact on the world, you can see where true power flows.
Why are all the seats of power in these tiny, meaningless nations? Switzerland, Luxembourg, City of London, Vatican.... oh, interesting, all land-locked too. DiChy in Washington included.
Odd world.
ori
/watershed-day-may-this-pour-through-a-million-pairs-of-eyes/
your mama is meaningless!
since 20 March is in the future there is no need to worry.
(credits to a recent article)
http://online.wsj.com/article/SB10001424052970204740904577197122405984872.html
AMR to lay off 13,000, default on pension plans.
They're still within the script.
Another day, more EuroFail. Rinse/repeat.
A deal is just hours away. It's certain. Maybe thousands of hours, maybe tens of thousands, but hey ... relax. Our grasping thieving financial elite overlords have it, and you, under control.
Tyler,
You guys are priceless! Loved the comments in the posting.
DavidC
Common everybody. A deal can't be that hard. Give the bond holders a decent haircut but promise them a percentage of proceeds from the sale of state assets or a percentage from any income or royalties from the gas and oil fields when they are developed.
Tyler, Frau Merkel is not the boss of anybody, she is just another actor. Besides, her country is still occupied by foreign troops that will never leave until the banksters loot it completely. The Tribe never forgets a racial enemy, in 120 years nobody will speak German and not a single ethnic German will remain (a few Germanic women might be bred for the Tribe's R&R). Morgenthau will eventually be proven right.
So time to close your Anti Solper trade?
By the way, we're again above 1.31....
I understand that a deal with the Martians may happen any minute know - for sure it is within hours. They agreed to assume all of Europes dept. They will send a signal in the evening over Europe - one flash of light means yes two flashes of light means no. All Europeans, hedge fund managers, bankers and large investors should go outside right now and look up at the sky for the answer. Hurry, it could come any hour now.
The continuous stream of false rumors we keep hearing is making someone very rich. Wonder who that could be?
"The percentage you're paying is too high-priced,
while you're living beyond all your means --
And the man in the suit has just bought a new car
with the profits he made on your dreams..." -- Traffic