Generally speaking, this poster is very astute but I don't see max pain at $115.01. Not understanding his/her logic. I assume he / she is looking at the open interest, which is extraordinarily high and maybe highest of the contracts but the volume is not, at least not yet. I kinda think $112 is the point of max pain.
my back with a ruler, I noticed a missed a few spots. He did also. So, a falling Euro is gonna be GOOD for US exports? Whas up with that?
What I have against the Swizz has nothing to do with their change of heart guarding the Euro.
As I said, they ran "out of stupidity and aren't going to play a fool's game anymore". It was a smart move, for them.
Talkin abuut helpin out yur friendly banksters, they just put 1/2 of 1% into the pockets of every Swizz Bankster.
Now, the wealthy on this message board are gonna hafta pay another $5m per each Billion have have socked away.
Didn't even take as long as I thought.
One sided trades rarely satisfy the Oigi board.
4 years ago they were determined to keep a floor on the Euro, thus keeping a lid on their currency.
A lid on their currency is better for exports AND their markets. After all,they export a lot of chocolate. LOL
Well, they just figured out that buying all these Euros is a fool's game.
It'snot as if they can't afford to keep printing and buying but they realize where it's heading.
The knee jerks are right to jerk. The unwinding "may" be just beginning.
Leave it to the punks in Swizzerlund. They blinked.
I always liked Yodels.
4 years ago they were determined to put a cap on their francensteins.
They bought Euros. And more and more and more.
And finally somebody said enough.
Did they run out of money? Nope.
They ran out of stupidity and aren't going to play a fool's game anymore.
Yup. My butcher gave up on veal chops.
It's back to steak.
Bought a new cast iron skillet for the steaks.
Paid with cash. Paper cash. Trash.
You're late to the game.
That referendum, (which we all know about) will NOT pass. But, we who invest in gold, silver and miners know this; The mere fact there is a referendum on the ballot clearly shows the credible threat folks feel about fiat currency.
And the repatriation of gold by several countries amplifies that.
The US if fighting tooth and nail to repress commodity prices, but in the end, the free markets and they are still free markets,will prevail.
Sentiment-Long Gold and Silver for the long haul.
PS: Adding to my stash of frozen veal chops.
Did you come down with a case of Bell's Palsy? There's a slur in your speech I haven't detected before? :)
thing? Hmmm. Maybe I should also add another freezer and buy up a ton of Bubba's Boneless Ribs?
Let it go, Let it go!!!!
And Yahoo is messing up with words.I guess they think Vladmir is a curseword.
It could ch#$%$nge tomorrow, but since I posted this, gold is up #$%$ pitt#$%$nce #$%$nd #$%$ h#$%$lf but miners #$%$re up 10%.
I know Vl#$%$dmir is buyin.
I know P#$%$ulsen is buyin.
I know the V#$%$tic#$%$n is buyin.
I know the other centr#$%$l b#$%$nks #$%$re buyin.
Wh#$%$t else is goin on?
1-Russia buying more gold than ever before.
And the big one;
on 30 November. Voters in Switzerland will decide to possibly require the Swiss National Bank to have gold reserves of at least 20% of the value of the assets of the Swiss National Bank, and see all Swiss gold currently held in the Federal Reserve Bank of New York returned to Switzerland.
Even if it doesn't pass, just the thought they want this moves us eerily closer to some sort of currency breakdown.
It's not welcome back to any 11th century idea.
Nor should it be proposed to resemble any makeshift comparison to any particular religious idealogy.
It's plain and simple. As ugly as ISIS are, starting a currency is a part of infrastructure of any future governing body and people. Agreed they are a threat, they are modern killers, terrorist any name you wish to apply, but they are well organized.Their leaders some of whom are former revolutionary guards KNOW, printing paper money can be manipulated by foreign governments and manipulated from within.
Gold and silver coinage cannot be manipulated.
They are all too familiar with Iraqi Dinars!!!
The question I have is, if we are bombing their infrastructure, how do they get to smelt gold and silver, and manufacture currency?
Hmm.I guess the same way we allow them to manufacture their uniforms...........
Who is running this war anyway?
Lal la la la la la
Ya don't have to show up.
Just be alive to reap the rewards otherwise the kids will.
November 30th is the date the Swiss decide, or decide to decide whether to increase their Gold Reserves.
Read about it.
It's a very critical decision and, the mere fact it's a referendum should be enough of a reason (long term) to keep adding PMs.
IMO. Well, IMHO.
But it is what it is.
The volatility created, unnerving all that energy costs are going down?
Imagine an economy that actually improves, energy costs unravel, middle class benefits but the equity market drops?
Who benefits? Ahem., ahem.......