Global Markets Descend Into Contagious Panic As Italy Implodes

and the price of gold and bitcoin looks pretty good now.

maybe we will see a run on the prices now

a reply to: howtonhawky

Etherium $553.08 -2.16% today.
The crypto currencies are still in a declining triangle, gold would respond to inflationary news but with higher interest rates limiting any rally.

If they expect investors to buy up bonds for unwound debt incurred during the housing price bubble collapse they will need to put stocks in a long term holding pattern. That would make approaching the Dow 25,000 a good point to short sell.

The independent bear market short sellers have a T+2 rule that prevents them from going short every day. If they took profits yesterday at the close they probably won't be back again till Friday or Monday.

a reply to: Cauliflower

no bitcoin is not is some downward triangle

you could be correct about the rest but i see the prices rising well in the next couple days

let's give it a week and see what gives

a reply to: howtonhawky

I advised my friend to sell his Etherium holdings back at $700 which would be the top of the trading range for the triangle.
You can still make money in a $200 trading range.

The so called implosion of Italy on the stock market is simply an orchestrated show, done with hacking techniques, by NATO and the supreme defense council of Italy under direct order of president Mattarella, to scare businesses into submission to the EU oligarchs. This is an attempt to repeat the 2011 scenario to get rid of the government, but will it work ? Probably not. If anything the government will fail for other reasons than the stock market. More likely related to uncontrolled migrants issues.

a reply to: Flanker86

Japan dropped their market Nikkei 225 980 points 4.15% to 22550 in the overnight, so there is some transparency.
We know Etherium is manipul;ated by insiders like Woz.
So far the truthers haven't been censored which kind of kills the evil elite theory.
ATS is kind of slow this morning though.

No solution as long as Italy is bailed out ! Complete bankruptcy of the rotten Italian economy is long overdue, and the ECB only pours money in a black hole if it keeps giving money to the Italian secret services to send migrant terrorists roaming around the EU !

futures are down according to CNN, we are overdue a correction on the 10 year cycle

there is a correction coming. the trump cult can't see it because they were told by fox news that the unemployment number is low but there's a dozen other indicator's pointing towards a major correction. lot lot lot lot of personal debt has been built up especially under trump because of market confidence. auto sub prime has been getting bigger and bigger, student loans and low wages for majority of people are a major cause for the debt crisis

a reply to: toysforadults


Everyone lives off the fact that the blue collar wage, quickly migrates upward, if they are broke and haven't any cash, the middle class gets it, car sales drop, real estate slows. Factories and retail stores close and the whole depressing cycle continues. We are at the point where its got so bad , the whole money markets have to be faked. Credit card debt is the only thing keeping it going at the moment. When enough people are on the streets homeless, when their are plenty of empty houses that people cant afford, then the whole system implodes. It is just a numbers game.

a reply to: TheJesuit

Financial world coming to an end again, because of Italy? Or was it Greece that precipitated this cataclysmic event last time?

a reply to: carewemust

The wind was from the west, but at least we know which way the Geese are flying.
Seriously though, you have to admit that this is a very orderly market decline with generous of transparency from the US Fed and the Finance Ministers in the UK.

Italy is just making up bull#s. Should not be taken seriously , it's all a farcical scaremongering orchestrated by president Mattarella and the government, to create tensions around personal savings.

a reply to: anonentity

Here is the main issue inflation has screwed tens of millions of people who were essentially fine prior to 08

I've said it vefore. Paid all my own bills at 17-18 years old as a bus boy. Not a chance in he'll now. That was 03-04

a reply to: toysforadults


The only people with cash are the well off, they get their cash from the not so well off.The not so well off have no more cash, its not rocket science.

Think Pizza dough..
The stock markets have been told bond debts need to be funded so they are going to have to stretch their stock market valuations.
The last big rally in the Dow that expanded the market range 2000 points is a good example.
With lower tops and rising bottoms you could get an interesting triangle from a technical perspective.
Any strategy that attracts gambling investment helps the markets and keeps the Bulls from selling.

originally posted by: Flanker86
Italy is just making up bull#s. Should not be taken seriously , it's all a farcical scaremongering orchestrated by president Mattarella and the government, to create tensions around personal savings.

Don't worry, as another member said above, its a numbers game. Eventually the world will turn on them, and Rome may very well burn again - perhaps not literally, but figuratively.

a reply to: IndyFront

Thank Trump we are way less embroiled in these other countries problems than we were with obama

a reply to: Aallanon

One of the few things I can count on one hand that I actually like about him.

Italian defense minister is now doing her best , not to cut military spending, but to get Albanian terrorists and other migrant terrorists to serve in the Italian army. De-Facto guaranteeing a long series of green-on-blue attacks against military personnel at the whim of lefty-politicians. All of this is vastly approved, by so-called right-wing extremist Salvini !

Draghi is now getting the ECB ready for more bailouts to save more bankrupt Italian banks ...