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filipo

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  • Wall Street Breakfast: European Markets Face Syriza Victory [View article]
    James,
    Hear, hear !!!
    Jan 26, 2015. 12:40 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: European Markets Face Syriza Victory [View article]
    Buck,
    "America would merely be another Europe but even more Balkanized."

    I vividly recall a fierce battle between the Union and the Confederation, not so long ago.
    Europe exists 15 years now. Give it some more time.
    Jan 26, 2015. 12:37 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: European Markets Face Syriza Victory [View article]
    spal,
    Vlad coming in by the back door, who knows ?
    After all, they're both commies.
    Jan 26, 2015. 11:36 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: European Markets Face Syriza Victory [View article]
    gggl,
    Some Kiev fighters have a strange US accent:
    http://bit.ly/1zOOMm1
    Jan 26, 2015. 11:32 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: European Markets Face Syriza Victory [View article]
    ggl,
    Actually the strongest and most vocal European opponent to immigration has been UK's Cameron lately.
    Driven by ultra-nationalist leader Nigel Farage, Cameron even vowed to make Great Britain "less attractive" to immigrants.
    http://nyti.ms/1zONGqm
    Jan 26, 2015. 11:28 AM | Likes Like |Link to Comment
  • 3 New Red Flags Waving [View article]
    The EZ is deflating.
    These deleveraging forces are stronger than one would assume.
    And oversupply of oil resulting in a 50% price drop doesn't help either.
    Jan 26, 2015. 11:18 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: European Markets Face Syriza Victory [View article]
    ggl,
    Before you Judge, watch this:
    http://bit.ly/1BrEs1t
    Jan 26, 2015. 10:23 AM | 1 Like Like |Link to Comment
  • Stock Traders Flock Back To Gold ETFs [View article]
    Gold as a buffer for when the equity markets retreat, yes, it's a probable bias, Adam.
    Excellent article, BTW.
    Will the equity markets retreat though ?
    Depends largely on earnings' season. UPS wasn't hopeful, the banks not so either and if one believes that shale was the reason for the short recovery, then one also has to believe that now shale will be the reason for another recession.
    Jan 24, 2015. 09:42 AM | 1 Like Like |Link to Comment
  • It's Game Time For Gold [View article]
    Doug,
    OK, i'll give it another try re the first link:
    http://bit.ly/1CkXI1P

    Yes, in Germany and Switzerland they still sell gold.

    This Draghi move has shaken all my beliefs in the ECB as a trustworthy institution. It's a Q of weeks if not days how long it will take before we see EUR/USD parity, depending also on how things get on in the US.
    Further deleveraging in the US shale business could be a drag on the USD. However, I expect Yellen to talk tough on the next FOMC, so that could raise the USD still further.
    I have no doubt that Draghi's potion magique won't work at all. Not only are the regulations way too complex, but they're favouring Germany who's the last to be favoured, so tensions will keep on growing.
    The only positive I see is that European exports will increase, to the detriment of Japan, China and the US. It might be an incentive for the corporates of those countries to buy over European corporates.
    Anyway we'll have to wait till MAR1 before we see how Draghi's plans work out in practice.
    Jan 23, 2015. 02:39 AM | Likes Like |Link to Comment
  • Gold Vs. Copper [View article]
    This article has the merit of brevity.
    Apart from that, I cannot see much worth remembering.
    Jan 22, 2015. 05:09 PM | 1 Like Like |Link to Comment
  • It's Game Time For Gold [View article]
    Doug,
    Well, to my knowledge I know of no Dutch gold trader who at the moment sells bars. They all buy bars from you.
    In Belgium we have:
    http://bit.ly/1AUAHia-
    and
    http://bit.ly/1AUAHid
    and
    http://bit.ly/1uF5JMS
    and probably a few more that I don't know of.
    But the ones that I gave are well known and have great expertise and can be trusted for delivering good quality.

    Draghi is certainly Germany's savior, not sure whether he's Europe's savior, not sure whether Germany was the one that had to be saved, but it certainly is the consequence of the ECB's action today. Germans have no savings but are big exporters.
    Savings are gonna be crushed -they are already.
    Did you read the small letters ? QE is going to be distributed in proportion to the State and should be implemented by the different central banks. This is going to be one big mess, if you ask me and it will drive yields further down. I see negative rates looming on the 10YBund.
    The low euro in the meantime will destroy US exports. This is currency wars at it's best. Expect further deteriorating US industry and manufacture figures.
    Distortion, distortion, distortion, wherever you look.
    Denmark today had to follow and lowered it's rates. Expect Australia to do the same any day soon.
    I'm so sorry, my friend, but it's gonna be a bad bad bad bad 2015 and the culprits are those Central BAnks, not the people.
    Jan 22, 2015. 02:41 PM | 1 Like Like |Link to Comment
  • 3 New Red Flags Waving [View article]
    David,
    And they all think that QE is going to fight deflation, while in essence it contributes to deflation.
    Jan 22, 2015. 02:26 PM | Likes Like |Link to Comment
  • It's Game Time For Gold [View article]
    Doug,
    Sure, The Dutch Mint sells coins with a huge profit.
    But what I meant was bars, bullion, like 100g, 500g or 1kg bars.
    They don't sell those, and that's why they all come to Belgium. Here, there still is no restriction, except the price of course :)
    Banks try to dissuade potential buyers and if they have to, they charge excessive delivery costs.

    Seen what that madman Draghi did today ?
    I didn't expect him to go so strong. I had sold quite a bit of equities of late. Now I have to buy them again. Won't be easy with a devalued euro.
    Jan 22, 2015. 12:04 PM | Likes Like |Link to Comment
  • The Coming Euro Crash [View article]
    Nick,
    Amazing on hindsight, yes, but did you trust those leaks ?
    I didn't...
    Jan 22, 2015. 11:51 AM | Likes Like |Link to Comment
  • It's Game Time For Gold [View article]
    Doug,
    Under French socialist Hollande the gold bar trade has simply been forbidden. Only jewelry remains.
    In Holland the majority of banks have suspended the gold trade.
    Jan 21, 2015. 03:18 PM | Likes Like |Link to Comment
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