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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.96

-1.8%

Nov 14 4:00 PM EST

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To: Maurice Winn who wrote (77263)	8/4/2011 12:11:40 PM
From: carranza2	Read Replies (1) of 217830

Not exactly surprising. The powers that be are putting pain on gold, which to me indicates the extent of the panic. zerohedge suggests it's due to margin calls. Well, at least the pain is getting inflicted after a very nice run-up. vbg My thinking that the debt deal and the collapse of the Eurozone would happen at the same time seems to be a few days off. Just saw this. The Bundesbank calling for no more bond buying is a very, very BIG thing. It suggests that intra Eurozone liquidity is failing or that the Germans want it to fail because they suffer the most from the ECB's acceptance of anything with a seal and ink on paper. We live in interesting times. You and Jay are in the eye of the storm, would be interested in reading your man-in-the-street stuff: zerohedge.com Submitted by Tyler Durden on 08/04/2011 - 11:45 Bond European Central Bank Italy The newsflow just keeps getting worse. Via Dow Jones we have learned that Spain, not Italy, has decided to pull its August 18 auction and will instead launch its 5 year auction on September 1. Once again, Zero Hedge being just a little prescient with our 7 am commentary that we "look for Spain to follow Italy in a self-imposed bond market exile." And in far worse news, we now get a schism within the European banking authority itself after Bloomberg reported that the Bundesbank's Weidmann is said to be opposed the resumption of ECB bond buying, at least two bouts of which already took place earlier, most likely in Italian and Portuguese bonds. "Weidmann was not the only Governing Council member against the move, according to an official speaking on condition of anonymity because the ECB policy meeting is not public. Bundesbank spokeswoman declined to comment." The last thing that that the market needs to see now is uncertainty. That the market will see idiocy is a given, but at least keep the idiocy constant. That someone may be a voice of reason only sends shudders of terror through the spine of billions of vacuum tubes around the world which have no idea how to predict the future at this point.

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