Wall Street is going to be overflowing with cocaine tomorrow.
Get ready for the traditional sunday night bailout, sending futures to the freakin’ moon.
Futs up.
Silver, gold down.
Euro up.
Bears’ morale down.
Get up to minute updates via Twitter #Cyprus wire.
Gyeah!
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I’d be surprised if gold/silver stay down … stealing bank accounts seems pretty gold bullish but who knows in this market
Gold and silver are at generational tops.
I wouldn’t know but what’s your thinking behind that statement?
As long as Bernanke-Geithner are breathing gold/silver won’t catch fire, (two years ago was an anomaly).
But there is nothing wrong with having a few dozen Buffalo’s in the safe deposit box.
There will be no dollar crisis, bank deposits are sacrosanct, FDIC provides peace of mind, Gold is Fiat… The OTC Derivate market is on solid footing and not subject to a Lehman style event.. Idiocy.. Spare me.. There is only one mathematical solution and that is debt monetization on a massive scale, which will play out over many more years until a global SDR is established.. The idea that central banks are going to be able to transfer debt on to the citizenry, i.e. bank deposit confiscation is totally loony! You dont have an argument, there is no argument. There is only one way this can play out, you have been wrong every time you have tried to believe otherwise, and will continue to be.. You will know when there is a generational top in PMS, when Gold swings a 1,000 pts in a day. Crazy, people still have no clue what is going on..
Sierra Water
Get this man a platform.
Well said, Sierra
Damn straight.
Sublime call, as per usual, Le Fly.
Futes were also at a discount so a few points should be added.
That was post fair value. But now they’re even higher.
Wait till Europe opens.
It opens higher.
Cyprus-Analysts have estimated investors might lose up to 40 percent of their money.
It keeps going up!
http://www.usatoday.com/story/money/2013/03/24/cyprus-eu-bailout-brussels/2014545/
When I first heard about the imposed tax it was estimated to be just under 10% for deposits over 100,000 euros.
As discussions continued that was increased to 20%, then 25% and now we’re hearing 40%!
As a depositer you’ve got to be fucking freaking out!
WTF!!!!
If gold tracks the spy this fuckery rip is suspect. There is always a point where shit smells like what it is. But who knows? Could be the problem is the nose, and not the stink.
right
Wonder how many Cypriots flee to bit coin. I put some gambling money in bit coin back in November. Epic run but a lot of good news as well. If I were in Europe bit coin would look pretty good right now.
As I said last week, the big story is Italy, March 26 is the deadline for a new Govt…no deal at all…no cocaine party.
This whole Cyprus bail-in is unbelievable. If the U.S. stock market and/or the dollar end up rising a good bit more this year, I guess it will be because people living in the EU area, who currently have their money in banks there, will have a “flight to quality” across the ocean– where they hope & pray to become safe from having to “kiss their assets good bye” like the Cypriots are doing
It looks like U.S. futures may be fading a little into the open and my BBRY is getting hammered once again! Bastard analysts!
Denis Gartman says the European deal is nothing more than “duct tape and promises”.