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pipopipo

pipopipo
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  • When Bitcoin Crashes [View article]
    BTC crash talk is nothing new, happened when the price passed the 30, 50, 100 and now again. Dips are common but the prices bump back quick and there seems to be a lot of loyalty among the collectors/savers. Price drops from 250 to 100 (like last night) would make folks in other markets very nervous, but when you have collected them for below 10USD each, it really doesnt matter much. I received some over the years and hold on to them, never expected anything, but now happily surprised to see that these coins are the best returning part of my portfolio:) I'm pretty sure they will pass the 500USD price in the next month or two, as the masses are discovering the btc now, but its going to be a bumpy road, always has been. If you can spare a couple K's and have patience, BTC will surely put a smile on your face from time to time , plenty of good buying opts/dips.
    Apr 11 04:19 AM | Likes Like |Link to Comment
  • Deposits over €100K at the Bank of Cyprus will be taxed at 62.5%, sources tell Reuters. The figure is far greater than officials originally indicated. Customers will get 37.5% of their deposits over the €100K threshold in bank shares while the remainder of their cash "may never be paid back."  [View news story]
    So folks holding > 100K into deposits are considered rich by your standards? Poor guy. I know enough folks holding way over this amount in EU accounts, most have been saving modestly only. If northern European countries would adopt similar standards, you can kiss the Euro goodbey.
    Mar 30 03:22 AM | 3 Likes Like |Link to Comment
  • Little Cyprus is bringing a dangerous new variable into the European bailout crisis, warns Dennis Gartman - the Russian mafia. "Everybody knows that the vast majority of the deposits in Cyprus are from Russia," Gartman says. "They're Russian government officials, they're Russian businessmen, it's Russian mafia – and you don't mess with the Russian mafia." He calls the eurozone demand over the weekend absolute "lunacy on the part of the European monetary authorities." [View news story]
    pretty sure Russian mob money was wired elsewhere before this even started
    Mar 25 12:43 PM | Likes Like |Link to Comment
  • Cyprus President Nicos Anastasiades is holding emergency meetings with party leaders and troika representatives after the country's parliament yesterday rejected a proposal to tax bank deposits as part of an EU bailout deal. Salvation could come from Cyprus' orthodox church, with Archbishop Chrysostomos II saying he would mortgage its considerable assets in order to invest in government bonds. Meanwhile, Finance Minister Michael Sarris is in Moscow to see if he can get a deal out the Russians. [View news story]
    Cyprus making good moves, EU will be forced to redesign a plan , if not the Russians will buy out/over Cyprus, brilliant. Maybe Putin can take over Italy and Spain as well:)
    Mar 20 05:03 AM | Likes Like |Link to Comment
  • Stocks turn decidedly lower as Cyprus' ruling party will apparently abstain from the bailout vote, thus assuring its failure. The ball now moves back to Brussels, where the ECB has threatened to withhold funding from Cyprus' banks if the bailout (and depositor haircut) isn't passed. Stoxx 50 (FEZ) -1.5%, S&P 500 (SPY) -0.5%, the euro (FXE) -0.5%[View news story]
    Not exactly, if EU finance minister decide that they can claim citizens bank deposits in a member state, it will cause serious unrest in EU financial markets. A bankrun in the other southern EU states is enough make some serious waves in other markets.
    Mar 19 02:00 PM | Likes Like |Link to Comment
  • Stocks turn decidedly lower as Cyprus' ruling party will apparently abstain from the bailout vote, thus assuring its failure. The ball now moves back to Brussels, where the ECB has threatened to withhold funding from Cyprus' banks if the bailout (and depositor haircut) isn't passed. Stoxx 50 (FEZ) -1.5%, S&P 500 (SPY) -0.5%, the euro (FXE) -0.5%[View news story]
    agreed, its the only thing that makes sense, but I dont understand why the EU finance ministers didnt think of this before?
    Mar 19 01:57 PM | Likes Like |Link to Comment
  • Stocks turn decidedly lower as Cyprus' ruling party will apparently abstain from the bailout vote, thus assuring its failure. The ball now moves back to Brussels, where the ECB has threatened to withhold funding from Cyprus' banks if the bailout (and depositor haircut) isn't passed. Stoxx 50 (FEZ) -1.5%, S&P 500 (SPY) -0.5%, the euro (FXE) -0.5%[View news story]
    "What if this situation causes citizens accross Europe to withdraw from the Banks, then what?"

    I think wealthy European in the southern countries are not going to sit and wait to see what is next, although a lot of capital already moved into northern European banks. Italy, Spain, Portugal could be next. Earlier at a press conference,Dijsselbloem, socialist and president of the Euro group, did not want to give journalists an answer to the question "if this could happen to other countries". He refused, stating that it could cause "unrest" in the financial market. He also stated that there is no such thing as a European bank deposit guarantee, so indirectly he is telling us that your money in any EU bank can be taken at will ?!?!
    Mar 19 01:55 PM | Likes Like |Link to Comment
  • Little Cyprus is bringing a dangerous new variable into the European bailout crisis, warns Dennis Gartman - the Russian mafia. "Everybody knows that the vast majority of the deposits in Cyprus are from Russia," Gartman says. "They're Russian government officials, they're Russian businessmen, it's Russian mafia – and you don't mess with the Russian mafia." He calls the eurozone demand over the weekend absolute "lunacy on the part of the European monetary authorities." [View news story]
    The current president of the Euro group and one of the main players in this game, socialist Dijsselbloem (see http://bit.ly/WDmCa3 ) was last month responsible for "nationalizing" a Dutch bank (SNS reaal), leaving shareholders empty handed as well. This guy, probably motivated by his Marxian ideas, might do the same thing to "solve" the Italian, Portuguese and Spanish situation. Today he stated that there is no such thing as a European deposit guarantee, justifying his actions and making things worse. Wealthy Europeans, especially those in the south, are sitting ducks.
    Mar 19 01:43 PM | Likes Like |Link to Comment
  • Little Cyprus is bringing a dangerous new variable into the European bailout crisis, warns Dennis Gartman - the Russian mafia. "Everybody knows that the vast majority of the deposits in Cyprus are from Russia," Gartman says. "They're Russian government officials, they're Russian businessmen, it's Russian mafia – and you don't mess with the Russian mafia." He calls the eurozone demand over the weekend absolute "lunacy on the part of the European monetary authorities." [View news story]
    ECB and EU finance ministers in particular (who even proposed a 15.6 % haircut for those holding over 100K in cyprus accounts) are shooting in their own foot. Cyprus will reject the proposal (of course, they have no choice) but the damage has already been done. Those with accounts in other south EU countries will now have sufficient reasons to run for safety. Solidarity, which is the only remaining foundation under the Euro ruin, has shown to be an empty promise.
    Mar 19 05:12 AM | Likes Like |Link to Comment
  • Investing In Chocolate And Brief Grain Comments [View article]
    Nice to see some attention for Cocoa, thanks for sharing. I dont see the link between Herseys and cocoa future prices, if your story would turn out to be valuable you'd prefer to have simply cocoa futures I think. Herseys is a bit overvalued imo. As for cocoa itself, I do indeed think we can see some price increases, prices at the grinders already increased last month, weather isnt ideal and cocoa is currently reaching its lows. Besides this it is expected that Indonesia is going to miss its export targets by a great deal. First due to increased domestic demand, secondly due to serious issues with the trees, see http://bit.ly/UMUPmt . Currently there is still some "spin" from the Indonesian agricultural ministry, stating that all is well, but it will be only a matter of time before the market will start to see the effects.
    Feb 21 01:03 PM | 1 Like Like |Link to Comment
  • Nice. Gold is downgraded at Credit Suisse, which cuts its price target to $1,600. One month ago, the bank saw gold at $1,750 in the short-term and $1,800 over the new year. GLD +0.6% premarket. [View news story]
    "FED DOES NOT HAVE GERMANY'S GOLD AND NEEDS TO BUY GOLD ON THE OPEN MARKET" , Hilarious!
    Feb 21 12:52 PM | Likes Like |Link to Comment
  • U.S. stock futures extend yesterday's losses and participate in the global selloff following the hawkish FOMC minutes yesterday and the depressing February eurozone PMI data today. Dow -0.3%, S&P -0.2% and Nasdaq -0.4%[View news story]
    3 words of wisdom to anticipate the day ahead, Sell, Sell, Sell!
    Feb 21 08:52 AM | Likes Like |Link to Comment
  • Is The Precious Metals Bubble Bursting? [View article]
    I don't think we were in a bubble, but prices started to go south due to interest rates, G20 talks and rumors that the Fed might slow down feeding steroids to the markets, the bearish gold sentiments created were probably fueled by some additional fear, I don't think that "This means that some money parked in precious metals may be headed to equities." On the contrary, you might expect some negative pressure on stocks near term, especially if the fed talks and fiscal cliff worries intensify. Growing uncertainty supports metal prices, so expect some resistance or rebound mid term.
    Feb 20 01:04 PM | Likes Like |Link to Comment
  • Buy Baidu At Much Cheaper Prices Now [View article]
    I think I overlooked the fact that some investors are indeed taking the comments of Goldmansucks analysts for granted, if it might fall below 88USD, I'll certainly increase the long position, its a steal.
    Feb 20 10:07 AM | Likes Like |Link to Comment
  • Buy Baidu At Much Cheaper Prices Now [View article]
    I have never heard of this Goldman Sach "analyst", but I like to thank him for slashing another 2% of the stock price today, for me that opens a sweet entry chance. I believe Baidu's efforts on the mobile part are excellent, its mobile search, map and a couple of other apps are catching on quickly. Even though its mobile efforts are still young, I don't think this is really an issue, since Chinese advertisers are also not heavily going to switch to mobile ads all of a sudden, so this whole mobile ad scenario is really a non-issue, since overall advertiser spending in the mobile sphere is still minimal. Chinese advertiser preference might change to mobile gradually in the years to come, but with Baidu's current footprint in the mobile ecosystems, I have no doubt they will maintain their overall market share.
    Feb 19 12:05 PM | 1 Like Like |Link to Comment
COMMENTS STATS
38 Comments
8 Likes