Will the Greek outcome really make a difference and what’s going on with gold?
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http://blog.milesfranklin.com/on-deck-qe4nevermore
bill holter’s comments.
Thanks CFS, I will print it out when I am done here.
Never know!
More countries are joining the European Union ! Greece stays in the EURO ! Croatia ! http://europa.eu/newsroom/highlights/special-coverage/croatia-joins-eu/index_en.htm
Diss is a MONOPOLY GAME ! STOP DREAMING !
I think that is a bit of a stretch, Franky! That is, of course, simply my opinion. What do the rest of you think?
Franky, Croatia joining the EU in that article was from 2013, and they didn’t owe the IMF a huge payment. Greece needs to decide tomorrow if it wants to default and face the punishment/buy itself time in the 6 week grace period, or if wants to exit the EU and start its own currency again.
I wouldn’t say this is a great recruiting message for other countries to run in an join the EU.
THE MONNEY IS FAKE ! 1 WORLD ORDER IS THE PLAN ! And OBEY ! The GREECE is the volatility machine to rob the markets whit manipulation computers in Banks ! ALL LAI !
Well I agree with you that the money is fake, an the New World Order is the plan.
It may very well be that the Greece side show is organized chaos, meant to dismantle the EU, and feed the fire of the Currency wars.
Remember the Georgia Guidestones point out the NWO agenda as Population control, 1 world governing body, and 1 global currency.
The only way they are going to get their dream of 1 world currency, is if there is enough fear and consternation about the currency wars, (Problem-Reaction-Solution) where this gets much uglier, then there is an uproar to “fix it”, and then then wheel in their power-point presentation on how much better just 1 global currency would be for everyone……
Then they micro-chip everyone and get on with their twisted agenda, and we swipe our arms instead of atm cards…..
Sorry Franky, what does this have to do with Greece. Are you saying that Greece would want to stay in?
I agree with you guys……except………DERIVATIVES.
Weapons of mass economic destruction.
I am not referring to your comment CFS, but to Franky’s
I do agree with you, CFS
I did buy another small mining stock today, with part filing of my order, and I have a further order in at a price between the bid and the ask. for another stock.
A few days ago there was an article on Zerohedge summarizing what Greece owes to who and when up to Sept’ 15. Here it is, with a simple summary table at the bottom:
Best to all,
LPG
Thanks for the article post LPG.
Chris T. good thoughts on the oil markets, and I agree that Greece may be a stinker in the marketplace. Everyone is so sick of this story and have become numb to it, but this whole process could catch people off guard.
Al good to hear you on the mic. Keep these guys in line 🙂
Most welcome Shad.
Best to you,
LPG
The problem with the zerohedge listing is that it really does not list the owners of the Greek treasuries.
These are held presumably by Greek people, pension funds and hedge funds.
Many of the hedge funds will have hedged by derivative action, and the effect of this on banks is unknown at this time, except by the the writers of the credit default swaps themselves. I suspect this will bankrupt some banks.
I suspect some people living on pensions and the interest off CDs will be seriously hurt.
The other possible problem is the domino effect on other counties which are buried in debt.
Your last sentence brings up a very good point, CFS!
Sometimes, actually more often than not, I think it is the other way around, Shad!
Ha! Well let me reverse that then…..Guys….Keep Big Al in line……he’s back on the mic and up to mischief once again 🙂
RE: GOLD
To clarify, with re: to what Al mentioned at 7mn 10sec in the podcast re: what I “said yesterday”, I think Al got confused as I didn’t mention anything about gold on any post yesterday.
No hard feeling, no worries.
Best to all, and GL investing/trading,
LPG
But boy would you have been a genius if you had 😉
Sorry LPG, I actually was referring to Avi. An honest mistake from a getting funnier by the day old gentleman.
It’s all good Al. 🙂
Get well my dear.
With Love,
LPG
Sorry guys but gold pullback exactly in the 50%-61.8% retracement zone.
We can have a rally from here.
https://www.dropbox.com/s/lh6wvzip4ud4py7/gold%20hourly.png?dl=0
Yes Gabriel, I agree. It would seem the breather in PMs is exhausting itself today, and I would anticipate tomorrow and Friday and the beginning of next week being mildly bullish for Gold, with strong resistance at 1224 and 1239.
Correction to the above statment (first resistance will be at 1222-1223), then 1239.
GLD reversed at the 13 day ema today and looks ready to head to resistance at the neckline of the potential head and shoulders bullish reversal pattern.
http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=0&dy=0&id=p44835448780&a=402418086
Thanks Matthew and a sincere thanks for your politeness. And, I do mean that!
Good chart Matthew.
Ref Iran – Nobody can or should trust Washington.
Thanks Reverenc, I will be posting this article along with a few others. Another really good opinion came from David Stockman.
Best and again thanks.
Tomorrow Greece will start shutting down around mid-afternoon, probably earlier, as the Greeks go home to prepare food for the start of their Easter, followed by midnight mass in churches across Greece.
I know the PM is a Communist but even a Communist would not be forgiven for interrupting the Greek Easter – unless it was for something extraordinary.
Having been raised Russian Orthodox, I completely agree with you Bob UK!
Interesting thoughts Bob UK. So based on that do you think they’ll just kick the can down the road?
Nobody seems worried about China any more. Check out CHII; I have rarely seen anything so overbought!
Interesting glitch in the price of gold today just after the NYMEX closed. Looked to me that either a hedge fund or a bank made an attack on gold, but it essentially failed to influence the market.
The PM market appears stronger to me than most folks think.
CFS – Do you think we may get some lift in the PM prices in overnight trading and into tomorrow as a safe haven bid for protection against the Greek madness?
I don’t know, Shad.
I believe it is almost impossible to make any serious prediction in a market, in which I try to fully understand the fundamentals, but where big money can manipulate prices almost at will for short periods of time (days).
Ain’t that the truth….. I looks like prices came all the way down to 1192 before taking a bounce, that isn’t showing much conviction. As you say though, big money can exert some serious pressure in the price movement, so the ball is in their court.
Contrary to Avi’s comment of yesterday, I do agree with you.
Having failed in an attack on gold, about an hour later, I believe the same entity tried an attack on silver, which also failed. Only Palladium was successfully hit today in my book.
I don’t know cfs… 90 c off the high in silver from 2 days ago is somewhat significant imo (especially in conjunction with the current cot numbers)
Now for something scary:
Why, simply an advertisement!
Who was talking and what are that person’s qualifications? I am certainly not disagreeing, just saying that there are a lot of opinions out there! And, everyone would like you to pay for their opinions.
I’m sorry, but your page must have been different from mine for some reason.
I try never to load URLs that are not free.
Over the years I have signed up to free organizations, however. Maybe that was the case this time….i.e. required an email submission. Anyone may used a dead email, that I use: cfs2000@lycos.c o m (without a space in com)
Got it man!
I hope you listened to what Ms. Barnhardt said. The I.R.S. to seize all her assets and bank accounts.
here’s her most recent talk radio appearance……probably for religious people only: (Here you go, HH.)
http://www.blogtalkradio.com/askshow/2015/03/13/the-andrea-shea-king-show–ann-barnhardt
I have sometimes thought that Ann sounds too angry and can be a little crazy but she is so chilled out in this interview.
CFS,
Barnhardt is an idiot. She refused to pay her taxes and gave the finger to the I.R.S. Then she gets upset because she was too stupid to think that the money in her bank account would not be taking to pay her back taxes.
CFS……I think, she has some valid points.
Concerning the federal tax on the local cable bill, which goes to the insiders kickbacks.. LIKE GORE, and OPERA W, AL SHARPETON , like Gore scammed off about $80 MILLION. DOLLARS
I think she is not a nut , but, a little pissed off with the govt. which is way out of line on everything. extracting every dime they can hiden in a form of collection which most people do not even see….She points out the tax is hidden and everyone is paying , providing TRASH TO THE SOCIETY via thur the tube. jm 2 cents worth.
THANKS FOR THE POST…………..J
btw……….DID GORE DUMP TIPPER…….?
thanks gabriel & matthew.. also I have to take back what I said about Holter.. hes was really good today…I feel greece is a non issue. the alliances russia china india make are whats impt.The Dollar is impt.Wages headed higher here impt.The Banks loaning out again upon rate hike impt.
Where is Jesse Livermore we will never know until the market crashes and a genius emerges who has the timing just right. DT
And thanks to you CFS ‘interesting glitch’.
Al Im not sure what you refer to re Franky but thats ok.
I think you mean- Greece stays in europe. As for anyones qualifications….
if the message resonates… why a need for ‘qualifications’… I didnt watch it.
Thanks
I think they will come to a settlement with Greece to keep them solvent for now, it will take an unpredictable event that they can’t imagine or control to provide the coup de gras! DT
Al- somethings wrong…. yr message was before mine and mine just went before yours…your software isnt working at times…. it did this before.As you can see I am responding to ‘franky’….in yours.
My mistake not yours or the softwares!
Looking for opinions. My opinion is I don’t really have a clue about the markets but the more important opinion is: Boy, it’s great to hear Al back on his show!
Many thanks, Silverbug Dave.
Getting better every day!
Ditto that Silverbug Dave.
Have to say we probably won’t see any meaningful upside again until buying resumes in slv and gld. Jpm needed to make another batch of physical withdrawals so…. down we go