Wednesday, October 26, 2011

We Have A Deal!

We just may have a deal:
  • EU OFFICIAL SAYS DEAL REACHED ON GREEK DEBT-CUTTING PLAN: AP
  • 'PRIVATE CREDITORS TO TAKE 50% CUT ON GREEK BONDS, AP SAYS
  • EU official, who wished to remain anonymous, tells Bloomberg that euro-area leaders are set to approve accord for 50% writedown on Greek bonds
If true, this means that Portugal, Ireland, Spain and Italy will promptly commence sabotaging their economies (just like Greece) simply to get the same debt Blue Light treatment as Greece. It also means that, at least according to Barclays, we have a CDS credit event, although we are certain that Europe would never announce this deal unless ISDA was onboard, and corrupt as always.





Rumours that EFSF to be Leveraged "several" fold/gold and silver rise

Good evening Ladies and Gentlemen: We are in the rumour mill stage with respect to Europe.  Today we heard that Europe is now planning on a leveraged EFSF that will bail out the banks and supply enough Euros to firewall Italy and Spain.  The problem is that this will lead to a huge hyperinflation and increase the risk of systemic failures throughout the globe. I will present you articles on this
 
 
 

Obama Was In Denver Today - "Four More Years!"

Dave in Denver at The Golden Truth - 4 hours ago
He was prostituting himself to the college student constituency for votes, as they were a large part of his voting base in 2008. I happened to see this new campaign poster plastered around town: He's hasn't followed thru on any of his campaign promises yet, but now he's telling his Denver student audience that he's adding student loan relief and mortgage relief for all who need it to his list of promises. I can honestly say that, given the pathetic front-runners offered by the Republicans, Obama won't need to campaign or promise anything in order to get re-elected. We just get ... more » 
 
 
 
 

CNBC Video Interview: October 26th

Admin at Marc Faber Blog - 4 hours ago
CNBC video interview: An outlook on the economy, with Marc Faber, Gloom, Boom and Doom Report editor/publisher. *Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.* 
 
 
 

Stocks Will Outperform Bonds Over Next 10 Years

Admin at Marc Faber Blog - 4 hours ago
When you print money everything goes up at different times, different asset classes. I think that stocks may still continue to go up, and I would rather own equities than government bonds for the next 10 years. - *in CNBC* *SPDR S&P 500 ETF (SPY), iShares Barclays 20+ Yr Treas. Bond ETF (TLT), iShares Lehman 7-10 Yr Treas. Bond ETF (IEF)* *Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.* 
 
 
 

Nice move by Barrick

Trader Dan at Trader Dan's Market Views - 5 hours ago
The financial press is announcing that Barrick Gold raised its quarterly dividend today by 25% to $0.15/share. Every time a miner does something like this, it makes it that much harder for the short sellers to go in and play. 
 
 
 

Gold hits resistance at $1720; holding gains

Trader Dan at Trader Dan's Market Views - 6 hours ago
Gold has run exactly to the projected resistance level on the charts, backed off a bit, and then encountered additional buying which is keeping it well supported at the current hour. It might be a bit early but it seems as if we might be seeing the gold market anticipating some sort of QE3 coming from the Fed sooner rather than later. The fact that it is acting as a safe haven and is shrugging off any weakness in equities and strength in the US Dollar is very telling. We'll see if this new pattern continues to hold in gold. If gold plows through the resistance level noted on the cha... more » 
 
 
 
 
For those who don't expect something for nothing...
Thank You

I'm PayPal Verified 
 
 

No comments:

Post a Comment