World economy talk

[uls]

check out this video

a trader was tracking a number of funds (Blackrock funds - BTZ, PSY, BOE, BPP - and other funds - ETG, UTG, ERC etc)

he noticed a surge in selling volume 20 minutes before the market crash

he's not saying some people might have known a crash was coming but it sure looks like some people knew the crash was coming

[ame="http://www.youtube.com/watch?v=F0lAIf78WIo"]YouTube- Market Crash 05/06/2010[/ame]

[uls]

so much for the trillion dollar bailout

the effect lasted 1 day

they're printing euros like there's no tomorrow

in other words, they're debasing the currency

so if you're holding euros, you gotta hedge it with something

what do you hedge it with?

[tidus1203]

Another failure of the fiat money system...

[Monseratto]

Will DOW do a big reversal tonight?

May 11 (Bloomberg) -- European stocks fell on concern a $1 trillion lending package, which sent the Stoxx Europe 600 Index to the biggest gain in 17 months yesterday, won’t solve the region’s debt crisis. Asian shares and U.S. index futures slid.

“You cannot resolve the debt crisis by issuing more debt or putting up guarantees,” Christian Blaabjerg, the Hellerup, Denmark-based chief equity strategist at Saxo Bank A/S, said in an interview with Bloomberg Television. “Markets will come back and test the will of the ECB/EU on how to deal with this enormous debt.”

[uls]

flight to safety

flight from euro

Austrian Mint Sees Gold ‘Panic Buying’ Fueled by Greek Crisis
http://www.businessweek.com/news/201...ek-crisis.html

May 12 (Bloomberg) -- Muenze Oesterreich AG, the Austrian mint that makes the best-selling gold coin in Europe and Japan, said sales have spiked in the last three weeks on fears that Greece’s debt problems will hurt the euro.

“We sold more than in the first quarter of the year,” Vienna-based Marketing Director Kerry Tattersall said in a telephone interview. “It represents panic buying.”

The mint sold 243,500 ounces since April 26 compared with 205,300 in the first quarter, according to Tattersall.

[uls]

this doesnt happen often

Gold and USD usually don't rally simultaneously

they're supposed to move in opposite direction

Gold


USD index


clearly this is flight-to-safety trade --- into both USD and gold

[uls]

good morning

German online precious metals retailer Kronwitter

they stopped accepting orders due to huge demand

looks like they ran out of stock

http://www.kronwitter-muenzen.de

Sehr geehrte Kunden, aufgrund der enormen Anzahl der Bestellungen können wir im Moment keine neuen Aufträge per Internet, email oder FAX entgegen nehmen. Alle bisher gekauften und bezahlten Münzen werden ausgeliefert. Um die Auslieferung nicht unnötig zu verzögern, bitten wird von Nachfragen nach Zahlungseingang oder Tracking Nummer abzusehen. Bei Auslieferung unsererseits erhalten Sie automatisch eine Versandbestätigung. Wir hoffen, innerhalb von zwei Tagen alles zu erledigen und werden dann den Shop wieder zum Kaufen öffnen. Vielen Dank für Ihr Verständnis. Marie-Luise Kronwitter

translated by google:

Dear customers, due to the enormous number of orders we can now no new orders via the Internet, email or FAX the contrary take. All previously purchased and paid for coins are shipped. Extradition unnecessarily delaying ask order is of demands for payment or Tracking number in sight. When shipped our you will automatically receive a shipping confirmation. We hope to do two days of everything inside and then open the shop again to buy. Thank you for your understanding. Marie-Luise Kronwitter

[leonleon]

this doesnt happen often

Gold and USD usually don't rally simultaneously

they're supposed to move in opposite direction


clearly this is flight-to-safety trade --- into both USD and gold

Silver's moving up too:

http://www.kitco.com/reports/Debbie_...May122010.html

[uls]

yep

pati silver

the demand is mostly from Germany and Switzerland

German precious metals trader http://www.silberundgoldshop.de/

Wichtiger Hinweis !!!

Aufgrund der derzeit massiven Nachfrage nach Edelmetallen aller Art sind die meisten Händler vollständig leergekauft.
Nach unseren Informationen stellen auch die ersten Hersteller und Prägeanstalten die Produktion von Edelmetallen vorerst ein ( Heraeus, Umicore, Südafrika ... ).
Somit gleicht die derzeitige Situation der Phase vom Oktober 2008.
Wir werden, wie auch damals, weiterhin Bestellungen entgegennehmen. Beschränken uns dabei aber wieder weitestgehend auf unsere Kontakte im Goldbarren- und Silberbarrensortiment von Emirates Gold Dubai um weiterhin lieferfähig zu bleiben.
Bitte beachten Sie hierbei, das es Aufgrund der hohen Anzal von Bestellungen zu Lieferzeiten von 7 bis 10 Werktagen kommen kann.
Solange es geht, werden wir natürlich auch Goldmünzen und Silbermünzen im Sortiment führen.
Diese bieten wir dann aber vorwiegend im Ladengeschäft an.

Unseren Lagerbestand vor Ort können Sie jederzeit über unsere Kontaktwege ( Email, Fax, Telefon ) erfragen.

translated by google:

Given the current massive demand for precious metals trader of all kinds are the most leergekauft complete.
According to our information, are also the first manufacturer and the production of precious metals Mints first one (Heraeus, Umicore, South Africa ...).
Thus, like the current situation of phase from October 2008.
We will, as then, continue to receive orders. Confine ourselves here but again largely to our contacts in the gold bar and silver bullion range of Emirates Gold Dubai able to deliver to remain at.
Please note here is that it high Maximum number of orders for delivery 7-10 working days to come, the result.
As long as it is We are also gold coins and silver coins range lead.
We offer these but mainly shop at the.

our stock on site you can always our contact channels (email, fax, phone) ask about.

[uls]

pro aurum

https://www.proaurum.de/edelmetallsh...153660f3f20008

Unser Online-Shop ist zur Zeit geschlossen, sodaß Sie keine verbindlichen Preise und Kurse für Ihre Bestellwünsche erhalten. Sie können Ihre Bestellung jetzt verbindlich aufgeben und wir berechnen die Preise nach dem ersten Kurs auf unserer pro aurum Preisliste am nächsten Handelstag. Oder aber Sie brechen den Kauf-/Verkaufvorgang hier ab und besuchen uns zwischen 8 und 20 Uhr zu unseren offiziellen Handelszeiten wieder!

Our online store is currently closed, so you no mandatory courses and prices received for your order requests. You can place your order now binding and we will calculate the prices after the first course on our price list per aurum next trading day. Or you can break the Kauf-/Verkaufvorgang from here and visit us between 20 und 8 clock back to our official trading hours!

[uls]

EUR/USD


USD index

5 day


3 month


strong demand for dollars in the EU

ECB lends dollars to EU banks

that's what the currency swap is for

ECB Allots $9.205 Billion In 8-Day Dollar Tender At 1.22% Fixed Rate
http://www.nasdaq.com/aspx/stock-mar...#ixzz0nrxlfXzm

FRANKFURT -(Dow Jones)- The European Central Bank said Tuesday that it allotted $9.205 billion in eight-day dollar funds at a fixed rate of 1.22%.

A total of seven banks bid for the funds, which will be allotted Wednesday and run through May 20.

The tender was offered through the newly-reintroduced swap facility between the ECB and the U.S. Federal Reserve.

As reported, the ECB and the Fed reactivated the swap line to ensure that euro-zone banks can continue to get access to the dollar funding market, after a sharp rise in fears last week that Europe's sovereign debt problems could bring down one or more euro-zone banks.

The swap line is one of a number of measures taken by the ECB at the weekend to restore confidence and stability, along with the purchase of euro-zone government bonds and the reintroduction of unlimited tenders for three and six months in euros.

[james00112233]

Oil falls below $74 amid signs demand may slacken
http://www.gmanews.tv/story/190953/o...nd-may-slacken

hanggang ngayon wala pa ring rollback!!
mukhang busy ang lahat sa election at ang oil companies naman ay kumikita na ng malaki (at nananahimik lang).

[Monseratto]

There was a .50 rollback last May 11 from Flying V and UniOil. Wala akong narinig sa mga major oil players.

Flying V at Unioil, magpapatupad ng oil price rollback
Posted: 3:48 PM 05/11/2010
Dalawang independent new oil players ang magpapatupad ng oil price rollback.

Mamayang alas sais ng gabi, 25 sentimos kada litro ang tatapyasin ng Flying V sa presyo ng kanilang diesel, habang 75 sentimos naman sa bawat litro ng gasolina.

Samantala, alas 12 ng hatinggabi naman magbabawas ng presyo ang Unioil.

Beinte singko sentimos din ang tatapyasin nito sa kada litro ng kanilang diesel at 75 sentimos sa bawat litro ng gasolina

[uls]

di ba nagka rollback nung isang araw?

dito sa Cityoil Araneta Ave. QC nag rollback the other day

--

someone in Asia buying euro near 1.25

[tidus1203]

Sarkozy is threatening to quit the EURO, saw it on Bloomberg TV... Have no link yet...

EURO falles below 1.25, gold up and European stocks sharply down. US futures too are down!

IMO empty threats, markets as usual praning...

[Monseratto]

Oil is still moving south, passing US$73.00. Tapos .50 lang rollback?!?

[tidus1203]

Well mukang everyone is in election watch so walang nag iintindi sa oil prices ecept us traders... Oh well... Business is business if you can get away with it then that's great!

[uls]

tidus:

Sarkozy is threatening to quit the EURO, saw it on Bloomberg TV... Have no link yet...

reported by Spanish newspaper El Pais

Zapatero Said Sarkozy Threatened to Leave Euro, El Pais Says
http://www.bloomberg.com/apps/news?p...tHXvTJ03j80May 14

(Bloomberg) -- French President Nicolas Sarkozy threatened to pull out of the euro unless German Chancellor Angela Merkel agreed to back the European Union’s bailout plan at a meeting last weekend in Brussels, El Pais newspaper said, citing comments Spain’s premier Jose Luis Rodriguez Zapatero made at a meeting of socialist politicians. The newspaper didn’t say how it obtained the information.

Zapatero: "Sarkozy amenazó con salirse del euro"
http://www.elpais.com/articulo/espan...lpepinac_2/Tes

José Luis Rodríguez Zapatero ha rodeado estos días sus discursos internos, más incluso que los públicos, de cierto dramatismo para convencer a los suyos de los momentos trascendentales que ha vivido Europa. Sucedió este miércoles en la reunión que mantuvo con los barones regionales y provinciales en Ferraz. Les discurseó durante más de dos horas y llegó incluso a reutilizar en su favor frases que atribuyó al presidente francés, Nicolás Sarkozy, durante el transcurso de la cita clave que celebraron hace una semana en Bruselas los líderes del Eurogrupo. Destacó que Sarkozy había llegado a amenazar con sacar a Francia del euro.

translate google

José Luis Rodríguez Zapatero has surrounded internal speeches these days, even more than the public, a certain drama to convince his people of the momentous moments has lived in Europe. It happened on Wednesday in his meeting with regional and provincial barons Ferraz. Discurseó them for over two hours and was even reused in their favor phrases attributed to French President Nicolas Sarkozy during the course of the key event held in Brussels last week the leaders of the Eurogroup. He stressed that Sarkozy had threatened to lead France out of Euro.

[uls]

i posted that gold and USD usually move in opposite direction

it's not often that gold and USD rise at the same time

now they resume normal inverse correlation



USD index


and another thing

this is panic

everyone now going to USD cash

---

Euro freefalling against JPY

[uls]

Ftse -3.14%

dax -3.12%

cac -4.57%

euro falls below 124