China's stock markets face a make-or-break week after officials rolled out an unprecedented series of steps at the weekend to prevent a full-blown stock market crash that would threaten the world's second-largest economy.
The government is anxiously awaiting the market opening on Monday to see if the new measures will halt a 30 percent plunge in the last three weeks, or if panicky investors who borrowed heavily to speculate on stocks will continue to sell.
In an extraordinary weekend of policy moves, brokerages and fund managers vowed to buy massive amounts of stocks, helped by China's state-backed margin finance company which in turn would be aided by a direct line of liquidity from the central bank.
The Shanghai Composite Index was last at 4,500 on June 25, and is now trading 22 percent lower.
A surprise interest-rate cut by the central bank last week, relaxations in margin trading and other "stability measures" did little to calm investors, who sent shares down another 12 percent in the last week alone.
China's top leaders, who are already struggling to avert a sharper economic slowdown, seem to be losing patience.
Earlier, in a series of initial announcements on Saturday, China's top brokerages pledged to collectively buy at least 120 billion yuan ($19.3 billion) of shares to help steady the market, and would not sell holdings as long as the Shanghai Composite Index remained below 4,500.
About the Declaration there is a finality that is exceedingly restful. It is often asserted that the world has made a great deal of progress since 1776, that we have had new thoughts and new experiences which have given us a great advance over the people of that day, and that we may therefore very well discard their conclusions for something more modern. But that reasoning can not be applied to this great charter. If all men are created equal, that is final. If they are endowed with inalienable rights, that is final. If governments derive their just powers from the consent of the governed, that is final. No advance, no progress can be made beyond these propositions. If anyone wishes to deny their truth or their soundness, the only direction in which he can proceed historically is not forward, but backward toward the time when there was no equality, no rights of the individual, no rule of the people. Those who wish to proceed in that direction can not lay claim to progress. They are reactionary. Their ideas are not more modern, but more ancient, than those of the Revolutionary fathers.
Welcome to the Fascist States of America (FSA). The Storm Troopers (and wannabe Storm Troopers) are following the FED party line (yes, the FED is a party that runs both the Democrats and the Republicans). It’s a one party country now, the Federal Reserve Party (FRP) consisting of unelected officials within multi-national corporations and central banks operating out of anywhere on planet Earth.
Please tell us we are wrong by quoting any of the contenders for re-election (excluding Rand Paul).
Don’t underestimate the abilities of determined bankster crooks that can print the currencies of countries anywhere on planet Earth.
What E V I D E N C E do you have that the industry has crashed, Frau nachtWURST? All I expect is a thumbs down from you, not an answer. Surprise me, for a change.
SLW is THE WORST MEGABUBBLE in stock market history....a 1.00 penny junk stock masquerading as a 17 buck MEGA BUBBLE, given that the entire USELESS industry has crashed, yet SLW puke does NOT begin to reflect that FACT!!!! PANIC SELL coming any moment that will slice 50% of market value in a single day....very much DESERVED!!!
NO FLIGHT TO SAFETY value = WORTHLESS WORTHLESS WORTHLESS!!!
MASSIVELY BEARISH trading action in ALL the FATALLY WOUNDED silvers and golds.....look for a PANIC SELL CRASH to massacre SLW mega bubble at any moment...much DESERVED!!!!!
I think the government is going whatever they can to surpress PM's and keep the illusion going that things are good. Terrible job numbers out today and they are trying to spin that as well. Things are not good but they want you to think they are good.
On a Sunday evening/Monday morning before volume trading commenced, someone attempted to take silver to extreme lows, succeeding in driving the price down near $14. When volume picked up the price recovered smartly above $15 and has stayed above $15. suggesting that is a floor for silver. It looks like the November December lows may turn out to be the secular bottom for this downtrend since the $49 high a few years ago. Absolute economic data is poor and comparison data only looks decent because it is compared to poor data. Greece and Puerto Rico are having debt problems and China is lowering interest rates to maintain growth, certainly signs that things are continuing to unravel and that the public is starting to realize they have been fleeced, which is support for bottom in PM's, or a near bottom.
a this affordable price a smart investor who could buy just 200 shares, and hold for two years could make $2000 plus a dividend ya just have the time to wait ad alow you money tobe ed up for a two year term. there is two types of money; the kind that you have to work for, and thekind that works for you! just my thoghts. lyle
all you bagholders better do something pretty soon or you won't have any cash to stash.
SAND is another ZERO VALUE gold/silver penny joke....NO chance in hell of surviving the ongoing vicious gold/silver BEAR.....I would be shocked if it still remains in biz by year's end!!!!
They are a start up streamer with about a dozen small contracts with very small companies. I hold a position in the company and fully expect it to do very well when PM's turn around. To get to their message board, go to the "Get Message Board for" box near the top of this page and type in "SAND". The SAND board is not very active. Less
Tried to warn my POOR sweet amateur silver/gold SUCKERS and BORN FAILURES, again:
WARNING: ladies, Great Panther Silver CRASHED today, the first in a WAVE OF PANIC SELLING about to massacre the USELESS silvers/golds....very much DESERVED!!! Girls, how many times were you warned that the sick miners ALWAYS predict the future action of the rotten bullion itself---and having FAILED completely as a "flight to safety," SLW pigpuke is one of the WORST bubbles ever seen in USA market history!!!! Soon it will DIVE INTO THE TOILET where it rightfully belongs!! LOL
Still too easy to get short in front of these big offers coming in. The little rallies in silver and gold bring out larger offers in SLW, indicating he still has a lot to dump. No rush to buy as long as he is willing to keep taking losses, let him finish blowing out first. You will know it when it happens and there will be plenty of time to buy in the scrum. If you are worried of missing the bottom, sell some out of the money puts against part of what you want to own and get paid to wait him out.
Extremely large short positions on silver adding down pressure. Slw is doing fine. Fundamentals are sound. When they cover, watch out!!!!