The "up-to-the-minute Market Data" thread

Chart for gold, dropped $50 in a matter of minutes:

[atsimg]http://files.abovetopsecret.com/images/member/a557320473ea.png[/atsimg]

How is there anything free-market-ish about that?

Originally posted by mossme89
Chart for gold, dropped $50 in a matter of minutes:

[atsimg]http://files.abovetopsecret.com/images/member/a557320473ea.png[/atsimg]

How is there anything free-market-ish about that?

edit on 9-9-2011 by mossme89 because: (no reason given)

Gold is down again. Bankers manipulation and suppression are really disgusting.

No one can rule out the fact that China government amassing/buying huge gold every day. The consumers in China and India are doing the same.

Clearly US government and bankers hit job. Dirty and disgusting indeed.

When you see that much gold volatility, that means the end of the financial markets is near.

Very near.

They can fix things with their ``bailouts`` for a while, but it only delays the inevitable. At one point something big will go boom and they won't have time to fix before it brings the whole thing down.

Why not?
Everybody should know that the main world's currency is not money or gold, but drugs. It has been so since the Opium War started, and it never ended.

The world is not as simple as we would like to believe. Currency is much more chemistry than paper or digits.

The question is, where are the unpublished charts of the "real" market?

Lost in dark, last night. If we believe that one man could cause such an event, than we are going to believe anything but truth.

reply to post by wisdomnotemotion


Yes you are right, but the manipulation of gold is through speculation and those that drive the speculations is Goldman Sach, so yes US manipulates gold. The same way that JP Morgan manipulates Silver. The same way that oil prices are also manipulated.

reply to post by DangerDeath


Drugs and slave trafficking still well and alive and very profitable. How can we forget, but then life goes on and nobody seems to care.

This is gonna be good :

Market Chatter Of Greek Default Over The Weekend

From colleague: trader friend just hit me with the following: There is “Chatter” in the market of a Greek Default this Weekend - and their CDS is over 400 wider… Soc Gen is off 7% on exposure - German CDS more expensive than UK;s - despite the ballooning in the CDS prices for Lloyds and RBS.

Bye bye Switzerland and France and the whole world if that happens.

In other news, CDS are still going sky high.

PIZZA 447/457 +18
SIESTA 392/405 +4
DESERT WINE 1084/1126 +55
GUINNESS 841/871 +25
YOGURT 51/56 -
BELGIUM 273/281 +5
FRANCE 171/175 +2
AUSTRIA 133/139 +5.5
ENG 76/79 +1
DEUTSCHE 80/82 +1

XO 735/737 +24 MAIN 180/181 +9

SOVX 5 262 / 266 +6
TURKISH 236 / 241 +7
RUSSIA 203 / 208 +7
LITHUANIA 250 / 270 +5

PAKISTAN 805 / 910 +.5
IRAQ 345 / 405 +1
ISRAEL 165 / 179 +2

From KD :
Caution: Apparent Lehman Event On Deck

There are some very ominous rumblings coming from the European continent this morning.

First, Greece has the mother and father of all inverted yield curves, with the 1 year now trading at or near an implied 100% interest rate.

That's not really news though - it's been there for the last few days.

The new news is that some of the T-Bill auctions they ran were technical fails, with failures to place the entire offering.

This is no longer a liquidity event. It is now a "no money in the checking account" event.

Greece's attempt to elicit "voluntary" rollovers is under doubt as well.

Coupled with balance sheet lies this means that there is severe and imminent risk of a complete collapse initiating somewhere in the European banking system. That, in turn, is why the screaming from the IMF and others about the "need" to take various emergency actions to prevent a Greek default.

But there is no preventing a Greek default.

Greece passed that event horizon more than a year ago.

The lesson in here is that the technical point where one passes beyond the event horizon and thus default is inevitable occurs quite a bit earlier than recognition of that fact in the markets, or among the governments in question.

There is something we had better pay attention to here in the United States embedded in this episode, providing that the banking system in Europe survives this excursion and thus it matters to us in the intermediate term.

Let the big ponzi scheme collapse already!

reply to post by Vitchilo


Some are looking for a SHTF event in relation to some credible sources.. and yet tho I am not sure how credible the source is, if true and it pans out like that, therein lies a real SHTF situation..

My hope is that it doesn't happen for a couple of weeks as my partner and I are having our first holiday together alone without that kids in years... could do with having a bit of fun first.

Originally posted by marg6043
reply to post by Vitchilo

 

It would not be a big lost if the ones been fired where the fat rats CEOs but sadly regular joes are the ones that will lose their jobs, I guess more welfare recipients to fall for government help.

Well yeah but they work for Bank Of America. So I won't cry about them. This could force them to find a job with a corporation that has integrity.

reply to post by Vitchilo


But you know that many people work for necessity, jobs are far and scarse this days that will give you benefits, remember I said before my daughter works of a Bank out of necessity but not is not BOA, she will never have anything to do with them

You know, the crazy thing about the (attempted) gold suppression is that every time they try to suppress it, gold comes back faster and more intense. I posted this morning about the gold drop of $50, well only several hours later, it looks like it's on it's way back up to where it was before.

[atsimg]http://files.abovetopsecret.com/images/member/76ce0caf1d84.png[/atsimg]

I guess a good analogy of gold suppression would be a spring. You can push it down, but eventually you get to a point where you can't any more, and it explodes in the opposite direction.

Originally posted by mossme89
reply to post by pause4thought

 

Greece is going to default. It's inevitable. They should just do it already to get it over with.

Sadly true. But the repercussions are going to be immense - first for the Euro as a currency, and second for the future of numerous major banks, not to mention the exposure of other European governments via their obligations to contribute to the IMF, etc. (Even the UK is exposed in this way.)

Originally posted by Vitchilo
This is gonna be good :

Market Chatter Of Greek Default Over The Weekend

From colleague: trader friend just hit me with the following: There is “Chatter” in the market of a Greek Default this Weekend...

Bye bye Switzerland and France and the whole world if that happens.

But you can bet your bottom dollar someone has found a way to make a killing in the event of such an outcome, bigstyle.


mossme89 - While the flight towards gold makes a lot of sense for many investors, there have been rumours for years that the gold markets would be exposed as a scam were most people to demand physical delivery...

reply to post by pause4thought


Don't worry, I still got the feeling that the IMF and US tax dollars will bailout Greece overnight.

Mybe the shap drop in gold is a last ditch attempt by the greeks to
gain some short term liquidity by selling off the last of it's gold
or any of the other eropean countries......or prehaps the US is fundraising

reply to post by wondera


Well, the problem with Greece is so deep that the news of our "proposed" stimulus while it has improved the speculations on the GDP (mirage only), it has not brought the Markets into the positive.

Still Greece came out today in "Braking news" to tell that they are not defaulting and those rumors are to bring the Euro down, the reality is that Greece is borrowing right now just to make payroll.

Let see if the IMF approve the bailout overnight of if Greece will default this weekend.

Greece is one weak link in a verry weak chain. we will probably end up
with a United States of Europ or a complete collaps of the euro.
either way it will take at least a long time to clime back up this
hill. trouble is if europ and the US struggle too mutch, the nock
on effect around the world would be catastrophic to say the least.
I would be putting my money in platnim or silver as gold has very
few applications. i wonder how mutch silver i can get for my $20

reply to post by wondera


I think the Europeans are still divided enough that a few will likely break apart and form a new union.. A Northern Europe coalition will be extremely powerful.. Germany, Britain and Scandinavian Nations will be a powerhouse of stable economic strength. Southern Europe, France and Eastern Europe will only bring the others down. A united Europe under a central Federal system will require the destruction of individual state-rights which, I'd hope, the people would never allow.. perhaps it depends on the level of desperation .. I can only advise they look at the wreckage of the United States to see the flaws of Federalist systems.

Originally posted by marg6043
reply to post by Vitchilo

 

But you know that many people work for necessity, jobs are far and scarse this days that will give you benefits, remember I said before my daughter works of a Bank out of necessity but not is not BOA, she will never have anything to do with them

And that's where the Resident Evil abides

Just dropping in with a note of appreciation to those that contribute to one of my favorite threads.

Thanks for your work keeping us informed of our finiancial situation.

Marilyn

People will quickly realize that capitalism has abandoned them.
The whole thing is getting more ideological (again?), because someone has to bring "hope", which always makes things run smoothly for a while.
So, it is either fascism or socialism, or colonizing the Moon, Mars and Titan. And, why not - Earth again