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Garfield23

Garfield23
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  • Why Is Silver Losing Its Shine? [View article]
    Debutant, don't worry your going to get a dump-truck of the silver shortly. Our middle-east contacts started selling their holdings on Friday and are rotating to the grains...
    Jul 2 12:29 PM | Likes Like |Link to Comment
  • Why Is Silver Losing Its Shine? [View article]
    this is where it is heading,

    price target is $21.50

    PMI' s confirm this....GDP's shrinking...
    Jul 2 12:17 PM | Likes Like |Link to Comment
  • US June PMI Manufacturing falls to 52.5 vs 54.0 in May. Output 53.4 vs. 54.5 in May. New Orders 53.7 vs. 54.6 in May. Employment 52.8 vs. 54.3 in May. It is the weakest improvement in business conditions in 18 months. (PR)  [View news story]
    this is huge!

    global GDP's are slowing
    Jul 2 11:26 AM | Likes Like |Link to Comment
  • At the open: Dow -0.02% to 12878. S&P +0.18% to 1365. Nasdaq -0.11% to 2932.
    Treasurys: 30-year +0.28%. 10-yr +0.19%. 5-yr +0.1%.
    Commodities: Crude -1.61% to $83.59. Gold -0.66% to $1593.55.
    Currencies: Euro -0.5% vs. dollar. Yen -0.07%. Pound -0.04%.  [View news story]
    our factory contacts are warning for industrial uses...becareful, normally we call them, now they are calling us...

    orders must be slowing big time...

    less, gold, silver, coal, steel, copper, etc...
    Jul 2 11:13 AM | Likes Like |Link to Comment
  • US June PMI Manufacturing falls to 52.5 vs 54.0 in May. Output 53.4 vs. 54.5 in May. New Orders 53.7 vs. 54.6 in May. Employment 52.8 vs. 54.3 in May. It is the weakest improvement in business conditions in 18 months. (PR)  [View news story]
    this means coal, steel, silver had less use in the month...prices going down for these
    Jul 2 10:58 AM | Likes Like |Link to Comment
  • Why Is Silver Losing Its Shine? [View article]
    All very interesting comments. Thank you. Yet, new orders in China have slipped tremendously and Europe has unemployment levels as high as 30% in some countries. Don’t mean to be a ‘debby downer’ but GDP’s are contracting and all industrials, and industrial commodities/metals are collateral damage. Maybe things will change in 6-9 months, but I see major hurdles for any growth through the rest of the year, and inherent supply-to-demand mismatches. Only being a realist when it comes to making money in the pits. In closing: “I'm here to kick ass and chew bubblegum and I'm all out of bubblegum.”
    Jul 1 12:53 PM | Likes Like |Link to Comment
  • European markets continue to grind higher following the summit, with today's vibe similar to that of last October's summit conclusion. Europe wasn't solved then (as it wasn't last night), but it didn't stop a sizable rally over the next few months. Stoxx 50 +3.5%, Germany +3.1%, Italy +4.3%. VGK +2.9% premarket.  [View news story]
    It was Merkel on the issue of direct assistance from the Bank ESM at least on paper, even a back door open. Although they agreed in principle. But they will only be possible if a European supervisory authority is established. And this can take time. It stood still "difficult negotiations" before, she said. "This is not solved in ten days." The reports that Spain's banks could benefit from it already, are therefore incorrect.

    http://bit.ly/MFZ1PG
    Jun 29 11:06 AM | Likes Like |Link to Comment
  • "Investors should not minimize the importance of this matter," writes Bernstein's Brad Hintz of the Libor case. Barclays (BCS) and other banks that may settle (C, RBS, UBS, LYG, DB among those) could face "significant civil claims" for years, he says.  [View news story]
    if someone knows the actual calc diffs, pls illustrate....would be fun to see
    Jun 29 10:52 AM | Likes Like |Link to Comment
  • European markets continue to grind higher following the summit, with today's vibe similar to that of last October's summit conclusion. Europe wasn't solved then (as it wasn't last night), but it didn't stop a sizable rally over the next few months. Stoxx 50 +3.5%, Germany +3.1%, Italy +4.3%. VGK +2.9% premarket.  [View news story]
    yikes!

    details everyone:

    euro banks cant get money until they create this phantom bank supervisor which is not gonna get created until the end of the year!

    what happens in the meantime,

    details, details....
    Jun 29 10:49 AM | Likes Like |Link to Comment
  • More from Merkel: She says a vote on the permanent EU rescue fund (the ESM) will take place in German parliament today. To pass it, Merkel needs the vote of opposition parties - all of whom desire a softer stance towards Germany's troubled eurozone neighbors. Last night's agreement should seal that.  [View news story]
    too much hype, euro still troubled...
    Jun 29 09:56 AM | Likes Like |Link to Comment
  • The "fat tail" of a disorderly denouement to the EU crisis grows, according to Ray Dalio. "Students of human nature and deleveragings know" the difficulty of creating a solution, he writes. "We think the popular assumption that the Germans and the ECB will come through with the money to make all these debts good should not be taken for granted." (Soros yesterday)  [View news story]
    when it happens, it will happen fast! - remember when the Bear Stearns CFO mentioned on a conf. call that they were having liquidity problems?...it will be the same thing with the Euro...you will get a small mention that Germany is spending money on Currency artisits...or that they will not be able to attend a meeting and they are considering their options....

    in any event, when it happens, it will happen fast, and we expect the Euro to tumble 10 cents in a single day....!!!
    Jun 27 11:58 AM | Likes Like |Link to Comment
  • More on Consumer Confidence: It's the 4th decline in a row for the index, which now stands at its lowest level since January (expectations at lowest level since November). "The failure of Bernanke's 'wealth effect,'" says Not Jim Cramer, noting the divergence since QE began between consumer confidence and stock prices.  [View news story]
    Visa Europe Prepares For Possible Euro Zone Breakup

    "From our perspective, we can implement new currencies at the drop of a hat," Mr. Perry said on the sidelines of the BRC Retail Symposium conference. "If a collapse were to happen, or an individual country were to leave the euro, we could handle that very quickly in terms of allowing people to use their cards in a payment capability." ddd


    http://on.wsj.com/OrbTw1
    Jun 26 01:38 PM | Likes Like |Link to Comment
  • The Road To Eurozone Deposit Insurance [View article]
    Visa Europe Prepares For Possible Euro Zone Breakup

    "From our perspective, we can implement new currencies at the drop of a hat," Mr. Perry said on the sidelines of the BRC Retail Symposium conference. "If a collapse were to happen, or an individual country were to leave the euro, we could handle that very quickly in terms of allowing people to use their cards in a payment capability."


    http://on.wsj.com/OrbTw1
    Jun 26 01:37 PM | Likes Like |Link to Comment
  • The Road To Eurozone Deposit Insurance [View article]
    its a headfake, - germany will never agree to shared collatrl, - so even if Spain (or another bk country) does it, it really doesn't mean anything...
    Jun 26 01:02 PM | Likes Like |Link to Comment
  • Where In The World Is Risk Today? [View article]
    all Euro based countries are at most risk....
    Jun 26 11:00 AM | Likes Like |Link to Comment
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