Stacy Summary: Another bellyflop (Tues)day.
5 day EUR/USD chart:
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| From MaxKeiser.com Images |
A few hours later . . .
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| From MaxKeiser.com Images |
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ref. max keiser – Get 6 mo’s free storage
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Rick Ackerman-
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
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crash banksters – Buy Silver & gold
![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
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- A Lightning War for Liberty
If you’re not first, you’re last
Be careful folks, the primary downtrend has resumed.
More people should use technical analysis in my opinion as it’s a leading indicator and tells us where the economy is headed.
In early 2007 I warned of an impending stockmarket crash.
I confirmed an equity bottom by early April 2009.
The uptrend since March 2009 was a bear market rally contained within a much larger downtrend that started in 2000.
From mid 2009 onwards I warned of an impending USD rally and thus Euro and Aussie dollar weakness.
On May 4 2010, I called the end of the March 2009 bear market rally.
According to my indicators the March 2009 lows will not hold.
The proprietary indicators I use in my technical analysis can identify trend changes before they occur.
You ARE the 1st!
Mike
Attempted Flash Crash against Japan’s Nikkei 225 Market – ???
“Tokyo – Nikkei 225 Slump Caused by Deutsche Bank System Fault”
http://www.bloomberg.com/apps/news?sid=asnsRhWIMhaU&pid=20601087
“Deutsche Bank AG sent a spate of erroneous sell orders for Japan’s Nikkei 225 Stock Average futures contracts because of a system malfunction, said Aston Bridgman, deputy head of communications in Japan. … sending Nikkei 225 stocks into a brief plunge seconds after the market opened … “
http://www.morningstaronline.co.uk/index.php/news/content/view/full/90995
“IMF cuts spark walkout in Romania”
“Tens of thousands of public sector workers walked off the job …
Romanians have opened a new front in the resistance against vicious assaults on living standards being forced upon Europe in the wake of the bankers’ crisis.”
Meantime over in Is-real
http://www.liveleak.com/view?i=6a3_1275348204
Mike
Hopefully this is only the beginning of the end for BP -especially for its owners all of its executives.
Whatever it takes, Class Action lawsuits combined with private lawsuits by every person in every area affected by BP’s negligence and crimes.
May BP – owners, execs, never find peace for the rest of their lives.
It is all a part of the only working strategy to reduce carbon emissions..
The Euro can go to zero against the dollar, I won;t visit the US soon anyway..
Holland likes its Turks, industrious and smart.Damn those marines.
It seems that IT can play a crucial role in both the protection and undoing of entire countries..Will the next war be triggered by bad code?
@udee – Bush passed legislation that restricts class action lawsuits: http://www.msnbc.msn.com/id/6988023/ The same politicians that got that passed are currently preventing any legislation that might make BP pay more than the $75 million cap of their damages; yes, you might notice the doublespeak required here in that the taxpayer will, obviously, then be responsible for the costs above $75 million; but then it is only doublespeak if you believe these guys are ‘free market’ capitalists
@ Grand Supercycle
I also called the 2008 crash over a dinner with some ex high-school friends. Saying maybe October or November…
Of course history will recall that there was a slide with *both* of those months…
However whilst I’m anticipating a massive collapse in the future, I can’t see anymore what’s going on today. It’s all just too volatile and obscure for me to be able to make any predictions at this point in time right now.
Hopefully you’re wrong! (because I need more time!)
Thus hopefully your call is premature. But your trend, is I think on the right direction (sadly)
Why does the gold chart on FinViz.com look so choppy?
@ Stacy Herbet – thanks for that really bad news
(those slithering politicians doing the dirty work for their twins in fascist-corporate world)
Many, many things Bush did -and any of the “fine” USA politicians did and do – must be undone
One way or another, BP owners, execs, et al will go down. Count on it.
oops
left out the other “r” in yer name – it’s that French pronunciation
People moving from silver and the rest into gold?
I don’t get the behaviour of other metals..
@ME
People moving from silver and the rest into gold?
Off course. Gold is the primary monetary metal, isn’t it? Ever found a central bank holding silver recently?
@Mother – gold is acting as a currency, the other metals as a commodity; with the euro tumbling so far, so fast, gold will naturally rise faster than other metals
anytime the market moves down sharply its a flash crash .
now we stuck with this expression for next 5 years ;(
@ udee
I hope you are right, but fear you are wrong.
I have been hoping some of the corporate criminals go down for a long time and I am still waiting..
They can always count the support of the GOP(the party of unaccountability and fraud racism)
great picture showing the scale of the sell orders involved in the flash crash
http://blog-imgs-46-origin.fc2.com/t/o/r/torashishiza/mc_20100601n225f_1.jpg
@Grand Supercycle
The date June 25th come up in your models a lot?
@Supercycle
Have seen your work on zerohedge, its good stuff
“Mr Geithner (following up Mr Obama’s prompting of Mrs Merkel two weeks ago) is expected to propose US-style stress tests on European banks with the implication that failure would require an equity injection (temporary or longer-term) from governments. There is talk of using the EZ Stabilisation Mechanism to create an ETARP (European Troubled asset Recovery Programme) by diverting some of the funds directly to the banks rather than just governments. This may well be forced on EZ governments whatever they think and, of course, it is the solution that the UK came up with. Meanwhile, the EU Commission is proposing a levy on banks to pay for the orderly running down of failing banks (rather than the propping them up). Mrs Merkel is keen on something along these lines, as is Mr Osborne, but details on amounts and operations will not be revealed until after the G20 meeting next month.”
http://www.stockmarketsreview.com/news/last_week_europe_economy_review_and_analysis_20100527_9816/
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article7135586.ece
Right?
It’s not a bailout this time:
IT’S AN EQUITY INJECTION!
(I’m ready for my innoculation)
The Oil Pollution Act does not prevent BP being taken to the cleaners – no pun intended – and they will, trust me…
TITLE 33–NAVIGATION AND NAVIGABLE WATERS
CHAPTER 40–OIL POLLUTION
SUBCHAPTER I–OIL POLLUTION LIABILITY AND COMPENSATION
Nothing in this Act or the Act of March 3, 1851 shall–
(1) affect, or be construed or interpreted as preempting, the
authority of any State or political subdivision thereof from
imposing any additional liability or requirements with respect to–
(A) the discharge of oil or other pollution by oil within
such State; or
(B) any removal activities in connection with such a
discharge; or
(2) affect, or be construed or interpreted to affect or modify
in any way the obligations or liabilities of any person under the
Solid Waste Disposal Act (42 U.S.C. 6901 et seq.) or State law,
including common law.
(b) Preservation of State funds
Nothing in this Act or in section 9509 of title 26 shall in any way
affect, or be construed to affect, the authority of any State–
(1) to establish, or to continue in effect, a fund any purpose
of which is to pay for costs or damages arising out of, or directly
resulting from, oil pollution or the substantial threat of oil
pollution; or
(2) to require any person to contribute to such a fund.
(c) Additional requirements and liabilities; penalties
Nothing in this Act, the Act of March 3, 1851 (46 U.S.C. 183 et
seq.),\1\ or section 9509 of title 26, shall in any way affect, or be
construed to affect, the authority of the United States or any State or
political subdivision thereof–
(1) to impose additional liability or additional requirements;
or
(2) to impose, or to determine the amount of, any fine or
penalty (whether criminal or civil in nature) for any violation of
law;
relating to the discharge, or substantial threat of a discharge, of oil.
Whats more likely by christmas 15000 dow or 2000 Gold?
http://www.youtube.com/watch?v=6Ejga4kJUts
We could blame inflation!! Who said that metric had no social use!!!
A lesson in Fiat Curency devaluation
02 – 09 UK cannabis prices based on gold & silver
http://www.youtube.com/watch?v=aeZ9Dmme-d4&feature=youtu.be&a
I’m starting to like the ichimoku indicator…
Fuck you British Petroleum, fuck the Queen and fuck the UK ! Hope this british of godamn hooligan shit corporation goes to hell. Hope UK goes to hell to ! USA should natianalize BP by paying them ZERO, and kick these godamn bums out of USA. Like in 1776. Arrogant British bastards ! Don’t forget. 500,000$ US investment would have solved the problem. 500,000$. British gangsters.
We must destroy the UK.
We must destroy the UK. By the way it could be the political slogan of all of Europe, but specially Germany.
USA must be seen far what it is; a NAZI state. Romania should put in prison the IMF banksters and execute them for crimes against humanity.
Romania should hire hitmen against the IMF banksters. This crisis is absolutely unjustified specially when it comes to Romania. This country is an innocent victim. They should effectively hire hitmen to go after the people attacking their country. People ? No Nazi bankster USA/UK terrorists. Don’t think that Romania had the problems of Greece. But shits like Pimp-Co and the usual USA/UK TERRORIST have decided to penalize Romania for nothing.
GE about to go bankrupt ?
http://www.dailypaul.com/node/84915
Remember this. “Old” article by Karl Denigger. I think we are ripe for a mass extinction of General Electric. The biggest hedge fund in the USA is about to go bankrupt.