SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: carranza2 who wrote (84241)12/8/2011 7:12:05 PM
From: TobagoJack  Read Replies (2) of 217574
 
just in in-tray

Subject: Re: Comments - Week of December 5

zerohedge.com

MNI Reports Coordinated Central Bank Intervention Sends Gold Lower Intraday
It is one thing for conspiracy websites to indicate that the Fed or the global central bank cartel are doing everything in their power to manipulate the price of gold lower. It is something different when the 'reputable', Deutsche Boerse owned Market News does just that.

  • MARKET SOURCES REPORT BIS, BOE & FEDERAL RESERVE WERE SELLING GOLD AFTER IT POPPED TO SESSION HIGH AT GMT 1335 -MNI NEWS via BLOOMBERG
  • So much for all those sworn testimony claims that the central bankers do not manipulate the price of gold.

    h/t GoldCore

    On 12/8/2011 1:01 PM, H wrote:The Greek stock ETF (GREK) has begun trading today. I will certainly watch it closely. While Greece's banks are bankrupt and the threat of a euro-zone exit and subsequent devaluation hangs over the country, the stock market is now down almost 90%, on a par with the collapse in 1929-1932. Not all of Greece is going out of business however, and valuations are lower than at most bear market bottoms over the past century. I agree it may be a trading idea for January.

    On Thu, Dec 8, 2011 at 4:24 AM, M wrote:
    Hello H - interesting point on Greek Stocks trading on a pe of 6 and with a new ETF coming out in the next week or so.

    I'm wondering if it might be good for a bounce trade.

    You'd have to think that every fund manager everywhere wants nothing to do with any Greek name being on its list of holdings going into year end. So they're selling now, but might buy sometime in January.

    Hmm... might stick my toe in the water the week before Christmas....

    M

    Report TOU ViolationShare This Post
     Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext