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

any stock predictions for monday?

The Aussie market doesn't seem to know which direction it wants to go, just waiting for news form the US
or Erope at the moment, Australian dollar seems to be a market predictor of growth for us, I think the next
chines growth figures out will be really bad. china needs to keep growing, if the ecconomy their stalls the'll have
all sorts of trouble. Their food prices and housing prices are going up but their wages have slowed down, If the houseing market it china busts then, alot of the local government debt will go bad as well.

reply to post by Vitchilo


Is nothing but a pony show, the vote "will go", probably markets will suck again tomorrow to remind the EU that they need to hurry up and do their "thing" either suck or have a good rally base on "hopes".

Eurozone rescue plan 'emerging' as IMF and Greece talk

The outline of a large and ambitious eurozone rescue plan is taking shape, reports from the International Monetary Fund (IMF) in Washington suggest.

It is expected to involve a 50% write-down of Greece's massive government debt, the BBC's business editor Robert Peston says.

The plan also envisages an increase in the size of the eurozone bailout fund to 2 trillion euros (£1.7tn; $2.7tn).

www.bbc.co.uk...

So they gonna write it off
And doing it will cost 2 trillion euros.

But he adds that the price of failure could be a financial crisis that would probably turn anemic growth into a recession or worse.

This is the reason European markets rallied after an initial drop.

ECB is taking over...

It is also thought that private investors in Greek debt are likely to have to accept a 50% reduction in what they are owed, our editor says.

Venizelos has nailed them down!

Publicly, world leaders have said there is "no plan" for a Greek default, but reports suggest officials are working on a plan to allow Greece to default on some of its debts and remain in the euro.

Originally posted by DangerDeath

Eurozone rescue plan 'emerging' as IMF and Greece talk

The outline of a large and ambitious eurozone rescue plan is taking shape, reports from the International Monetary Fund (IMF) in Washington suggest.

It is expected to involve a 50% write-down of Greece's massive government debt, the BBC's business editor Robert Peston says.

The plan also envisages an increase in the size of the eurozone bailout fund to 2 trillion euros (£1.7tn; $2.7tn).

www.bbc.co.uk...

So they gonna write it off

And doing it will cost 2 trillion euros.

But he adds that the price of failure could be a financial crisis that would probably turn anemic growth into a recession or worse.

This is the reason European markets rallied after an initial drop.

ECB is taking over...

It is also thought that private investors in Greek debt are likely to have to accept a 50% reduction in what they are owed, our editor says.

Venizelos has nailed them down!

Publicly, world leaders have said there is "no plan" for a Greek default, but reports suggest officials are working on a plan to allow Greece to default on some of its debts and remain in the euro.

cost 2 trillion euros??? where the heck are they going to get the money from? i dont think the greek people are going to like this.

reply to post by Agent_USA_Supporter


Smoke on the water, my dear
They are lying. They don't know what they are doing.
This is even worse than Hollywood fiction, which also works like this: no realistic logic, just creative imagination.
Writing off debt, unless it's your own, is expropriation of investors property. They will simply hide behind this for a while. They don't have balls to really do it. It would give an unprecedented example

Big drop in gas prices

People gonna like this crisis


www.cnn.com...

reply to post by DangerDeath


this comment is interesting

What a joke! They raise the price from just under $2. to over $4. then decrease it to $3.50 for their psycological games, so the American people will accept the new price. We need to find an alternative to gas autos that's affordable to everyone. Diesel cars would decrease our need by 25%, but Am... more

European markets high on cool-aid.
Anyone has the idea how this works?
Relief realization that Europe isn't actually in crisis?
Euro moving up?
Glod moving up?

reply to post by DangerDeath


Didn't you read my early post, the markets are running on "hopes" this due to a "promise" of a bailout, where the money will come from? well 1 trillion from the Fed that you or me do not need to know about it because is not our business and 1 trillion from the EU countries.

That is how it works when the US have the most to lose if the EU goes down.

Originally posted by marg6043
reply to post by DangerDeath

 

Didn't you read my early post, the markets are running on "hopes" this due to a "promise" of a bailout, where the money will come from? well 1 trillion from the Fed that you or me do not need to know about it because is not our business and 1 trillion from the EU countries.

That is how it works when the US have the most to lose if the EU goes down.

Aye! I wonder only, what kind of trillions are those when their effectiveness is just a few days
One Hope = One Trillion

And the truth will send you free,

Euro bailout is nothing but a rape on the people

•This is really about saving the banks by financially raping the sheeple. Of course, the Illuminists will never put it truthfully. They will promote a massive amount of fear: the Euro will collapse if you don’t save the banks. I say let the Euro collapse and all 17 countries go back to their own currencies. The Euro is a deeply flawed currency and is set up for failure from day 1. It is all about engineering a massive crisis to gain more power and control and the destruction of sovereignties. This €2 Trillion Fund will not work. Where is the money going to come from when every single nation is deep in debt? It is just a final financial rape of the taxpayer sheeple turning them into perpetual debt slaves! The Euro will definitely collapse!

As usual the money will come from somewhere, where, well that is something you and I do not need to know really as the IMF biggest funder the US Fed doesn't have to disclosure what the final bill is going to cost to the US tax payer

This was bolstered by $60bn (£38.9bn) from the European Financial Stabilisation Mechanism and $250bn from the International Monetary Fund (IMF). Wind the clock forward and the sums talked about at the IMF in Washington over the weekend were almost three times that amount. After months of prevarication and political buck-passing European leaders have woken up to the fact that more money, action and structural change is required if the euro is to survive.

socioecohistory.wordpress.com...

This Gold and Silver sell-off is pure manipulation. Usually with something like this, you would think demand would be less. But in fact, it's actually skyrocketed with people buying up as much physical as they can.

I use providentmetals.com for ordering my silver and they posted this on their site:

NOTICE: We are currently experiencing extremely high call volumes. We recommend that all customersutilize our secure online ordering system for order placements. If you prefer to speak to someone in person, you may leave a message and we will do our best to return your call as soon as possible.

In addition, they're either sold out or delayed with the American Silver Eagles. From what I've heard, other sites are running low on even junk silver!

New term: HOPEIC capitalism

Oh, come on! Europe's surge already over. Going down the slope again. Someone has really discovered a tool to give a memorable Luna-park ride to simple minds and shake their money out of their pockets. All those years of brainwashing are now capitalizing

reply to post by DangerDeath


The thing is that this bailout of trillion of dollars already was done two times before, right after the 2008 crash and then in 2010, both times predicting that it was going to "fix the problem" guess what now three bailouts later it has done a darn thing.

So how many times the tax payers have to bailout this corrupted entities?

Originally posted by marg6043
reply to post by DangerDeath

 

The thing is that this bailout of trillion of dollars already was done two times before, right after the 2008 crash and then in 2010, both times predicting that it was going to "fix the problem" guess what now three bailouts later it has done a darn thing.

So how many times the tax payers have to bailout this corrupted entities?

All the time. The job of all governments is to fail, and the job of citizens is to provide "cover" for them.

"Bailout Plan" is the current "flesh" of the policy. I bet the gold that's being sold now is "imaginary" gold that was created during the gold price surge in the last 3 years. Everything is digital now, even people's Faith and Hope (and Love - to stay consistently Christian ).

Only those who are doing this manipulation will possibly be bailed out. Others, who try to read some economic sense into this (Wave Theorists) will sink in the end, unless they stay away from the beach.

Imaginary Gold is now 1599.90.

Oh! I know why! They found a gold lode in Denver caves tomorrow

Gold Could Fall to $1,100: Faber

www.cnbc.com...

"We overshot on the upside when we went over $1,900," said the fund manager, who has 25 percent of his portfolio in gold [XAU= 1601.60 -55.43 (-3.35%) ].

"We're now close to bottoming at $1,500, and if that doesn't hold it could bottom to between $1,100-$1,200."

Faber, who said that the recent sell-off had come about following nervousness about industrial metals, added that a 40 percent correction wouldn't surprise him.

How was this possible? To overshoot 40%...

Holy S...someone told the Truth,and on BBC no less

BBC Speechless As Trader Tells Truth: "The Collapse Is Coming...And Goldman Rules The World"

In an interview on BBC News this morning that left the hosts gob-smacked (google it... it is the BBC after all), Alessio Rastani outlines in a mere three-and-a-half-minutes what we all know and most ignore. While the whole interview is worth watching, the money shot for us was "This economic crisis is like a cancer, if you just wait and wait hoping it is going to go away, just like a cancer it is going to grow and it will be too late!". While he dreams of recessions, sees Goldman ruling the world, and urges people to prepare, it is hard to disagree with much of what he says and obviously interventions and machinations means we will have days like this (in Silver for instance), there is only one endgame here and we hope there is less hopeful euphoria (and more preparedness) as we pull back the curtain further an further.

Watch it before it gets deleted

This one for Marge only

Christine Lagarde: IMF may need billions in extra funding

www.telegraph.co.uk...

The head of the IMF has warned that its $384bn (£248bn) war chest designed as an emergency bail-out fund is inadequate to deliver the scale of the support required by troubled states.

In a document distributed to the IMF steering committee at the weekend, Ms Lagarde said: "The fund's credibility, and hence effectiveness, rests on its perceived capacity to cope with worst-casescenarios. Our lending capacity of almost $400bn looks comfortable today, but pales in comparison with the potential financing needs of vulnerable countries and crisis bystanders."