Recent

% | $
Quotes you view appear here for quick access.

Ferro Corporation Message Board

streudel1 25 posts  |  Last Activity: 13 hours ago Member since: Sep 8, 2007
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    Greek Default Imminent

    by streudel1 Jun 24, 2015 9:25 AM
    streudel1 streudel1 13 hours ago Flag

    If you have some dry powder, now is the tie to back the truck up on EXK. I've done this sub-1.90 mass purchase three times already, and it has been a very generous payday every time. This stock and the whole silver sector is severely oversold. JMHO

  • Reply to

    Greek Default Imminent

    by streudel1 Jun 24, 2015 9:25 AM
    streudel1 streudel1 Jul 5, 2015 7:39 PM Flag

    Patience...the worm is just about to turn.

  • Reply to

    Greek Default Imminent

    by streudel1 Jun 24, 2015 9:25 AM
    streudel1 streudel1 Jun 30, 2015 9:12 AM Flag

    Even by some miracle they get through the June 30 payment deadline, there is another series of huge repayments scheduled throughout the summer. The wheels are going to fall off. This is a mathematical certainty. Greece's leadership now has to weigh the cost-benefit of a few weeks on the eminence front to the overall suffering and actual future of their citizens. Market corrections are definitely on the way for the rest of 2015 and possibly a few quarters in 2016. I would not be surprised to see a 10%-15% haircut coming to equities and the Dow. The question then becomes -- how does the Fed raise rates in that environment?

  • Reply to

    Yuan to be Included in IMF's Currency Basket

    by streudel1 Jun 24, 2015 9:20 AM
    streudel1 streudel1 Jun 25, 2015 10:04 AM Flag

    China plans to launch yuan gold fix by the end of 2015.

    http://finance.yahoo.com/news/china-plans-launch-yuan-gold-095318339.html

    You can bet that banks from AIIB-member nations will be participating in this. The needed fiat-PM correction is on its way.

  • Reply to

    Greek Default Imminent

    by streudel1 Jun 24, 2015 9:25 AM
    streudel1 streudel1 Jun 24, 2015 10:42 AM Flag

    From AFP about an hour ago (9:45 am EST today)

    "Athens (AFP) - Greece rejected Wednesday "counter proposals" from creditors that were issued in response to Athens' latest budgetary plan, in light of the IMF's position, a government source said.

    Questioned about whether "this counter proposal" -- containing even bigger VAT tax hikes and public spending cutbacks -- had been rejected by the radical left Greek government, the source replied: "Yes."

    Creditors are calling for early retirement to be abolished and an increase in the retirement age from 62 to 67 by 2022, and not 2025, according to plans published on a leftist website and confirmed by the source.

    They are sticking to a demand for a rate of 23 percent for VAT, or value-added tax, for restaurants, instead of 13 percent at the moment. Athens is fearful over the impact on its valuable tourism sector.

    Creditors also propose to increase the level of corporation tax to 28 percent, instead of the Greek plan to raise it to 29 percent from 2016 onwards. The current level is 26 percent.

    And they want defence expenditure to be slashed by 400 million euros instead of the proposed 200 million euros.

    Creditors also seek the removal of special VAT rates for residents of the Aegean islands."

    Stick a fork in it...Greece's default is here!

  • From CNBC at 9:00 am EST 6/24/15.

    International creditors on Wednesday rejected the Greek government's plan to end its financial crisis, but they have submitted counterproposals.

    News of the rejection, announced by Greek Prime Minister Alexis Tsipras, dashed hopes of an imminent deal between the embattled Mediterranean country and its creditors. Greece needs additional financial aid to prevent it from defaulting on its debts at the end of the month, but its lenders have refused to release funds without the implementation of more reforms.

    The International Monetary Fund (IMF) is believed to be the most skeptical of the troika of bodies overseeing Greece's bailout. Its creditors have now put forward a new set of counterproposals, sources close to the talks told Reuters.

    European markets turned lower on news of the rejection, with Germany's Dax (^GDAXI) falling 1.2 percent and the Athens stock exchange down 3.3 percent.

    "Certain institutions insist in not accepting equivalent measures suggested by the Greek government," Tsipras told his colleagues before departing to Brussels, according to a statement. "The non acceptance of equivalent measures has never happened before. Neither in Ireland nor in Portugal. Nowhere!"

  • U.S. and Chinese officials on Tuesday discussed Beijing's bid to have the yuan included in the IMF's Special Drawing Rights basket, as the latter advances its bid to make the yuan a reserve currency. Last month, the IMF hinted that a promotion may happen in 2015, after saying it doesn't consider the currency undervalued. According to data from SWIFT, the yuan became the second most used currency in trade finance, the fifth most popular payment currency and the sixth most used foreign exchange currency in the world in December 2014.

    WHEN this happens, expect the disconnect between fiat currencies and PMs to also correct a bit.

  • streudel1 by streudel1 Jun 18, 2015 10:23 AM Flag

    Bright future indeed for PM's, as China just received IMF approval for SDR and basket of commodities rights yesterday. The days of the outrageous gold-fiat currency disconnect are coming to a head.

    Also, physical PM's will do well, as this the medium of ownership in Asia & India. This of course all happening when demand (particularly silver industrial) is stripping existing supplies. Folks take this part for granted, as it takes years to bring a potential mine into cost-effective production. Producers like EXK are going to see their valuations jump. JMHO

  • Capital flight from Greece appears to be heading into full swing. An attempt of government capital controls will surely follow...and fail as always. Default is imminent. Interesting to see how derivatives are going to be effected. There are some financial IEDs that are about to be set off real soon.

    http://finance.yahoo.com/news/greek-banks-see-deposit-outflow-449-million-monday-142349657--sector.html

  • Reply to

    silver going down 20%?

    by mwalk65 May 19, 2015 6:45 PM
    streudel1 streudel1 Jun 11, 2015 12:04 PM Flag

    Dolf subscribes to the Josef Goebbels school of propaganda. Repeat the lie over and over again until folks believe it is a truth.

  • Reply to

    sell short EXK Silver

    by gotgoldies20 Jun 1, 2015 11:37 AM
    streudel1 streudel1 Jun 1, 2015 4:02 PM Flag

    Haha, Goldex got busted! He's looking to get shares on the cheap...can't fault him for trying, although he's not very imaginative.

  • Reply to

    silver going down 20%?

    by mwalk65 May 19, 2015 6:45 PM
    streudel1 streudel1 May 29, 2015 4:21 PM Flag

    Who said anything about taking credit for questionable acts??? War is a nasty business, and most (sane) State entities would rather have "plausible deniability" during such moments. Wake up sheeples of the world! This is the deal that was cut decades ago and is the reason why events today are happening the way they are. Nixon and Kissinger had ony a few cards to play that would work, and this was one of those few. Declare a "floating" greenback in the FX market, while cutting petrodollar deals with OPEC. #$%$ and Hank (and Burns) understood that truly "floating" is for suckers, and an alternative had to be found for gold. Meanwhile back at the ranch, the bond traders were priming themselves for the next bonanza cycles, as evidenced by the last 40 years of a super-cycle bond market. All these factors greased the skids for the FED to accelerate the printing presses and increase the money supply... in the name of greater prosperity and equality! Good grief!!!

  • Reply to

    silver going down 20%?

    by mwalk65 May 19, 2015 6:45 PM
    streudel1 streudel1 May 29, 2015 8:21 AM Flag

    You are entertaining Nosferatu, I mean "Dolf". Without a doubt, you are the fiat pumper of all-time! LOL.

  • Reply to

    silver going down 20%?

    by mwalk65 May 19, 2015 6:45 PM
    streudel1 streudel1 May 27, 2015 9:29 AM Flag

    Middle east conflict = petrodollars
    petrodollars = OPEC + dollars + U.S treasuries
    OPEC = production (constant) vs. production (marginal)
    Dollars = commodity markets pricing + monetary policies + monetary dollar supply + FX.
    U.S. treasuries = demand + clearinghouse activities + global "safe haven" perceptions

  • Reply to

    silver going down 20%?

    by mwalk65 May 19, 2015 6:45 PM
    streudel1 streudel1 May 25, 2015 8:29 AM Flag

    mwalk65, you got it all crossed-up in thee Mideast. ISIS is a proxy force for the Gulf kingdoms, including support from members of the Saudi royal family, while the Baghdad government is a proxy for the Iranians. Yes, there is conflict over there in competition for regional supremacy and the Iranians are going all out. Our traditional allies in that region do not trust the current administration and/or do not feel that they can count on them, like in the past, while the Iranians feel emboldened by this power vacuum as they outwit Washington. Think about it from the Saudi standpoint -- the contract signed in blood back in the 1970's that set up the petro-dollar exchange, followed by U.S. military support in the the last two Persian Gulf Wars, while the current shale-Mideast oil competition looms, perhaps may not be counted on any longer? This is a very dangerous game being played. Like it or not, the U.S. committed to that are of the world and our allies, namely Saudi Arabia and Israel. The pact agreed to in the 70's is drenched in barrels of blood, oil, and money. The House of Saud agreed to lead OPEC and its oil to use dollars, and we agreed to guarantee their security... at all cost, even if we had to shed American blood....which we did years later! Now all of this "friendship" is at risk ....and the alternatives are just down-right scary, especially for the greenback!

  • The Greek endgame will kick off a volatile Summer. Hope investors have PM's in their portfolio. JMHO

    http://finance.yahoo.com/news/greek-state-hospital-staff-strike-over-staffing-pay-070940982.html

  • Reply to

    Silver @$17.70 this morning and still climbing up

    by streudel1 May 18, 2015 9:50 AM
    streudel1 streudel1 May 18, 2015 11:49 AM Flag

    It's not just Greece big guy. Greece was just used as a tiny exemplar of the general trends developing -- volatility, multiple and simultaneous QEs by central bank across the globe, and macroeconomic data showing sputtering economies with little or no growth for the next 18 months.

    Although it is not showing yet, rest assured, inflation is being created by central banks. Their deep fear of deflation guaranteed this move a long time ago. Let's not forget the constant and counterproductive need to make one countries' currency competitive, as a motivating factor. Meanwhile back at the ranch, the White House still can't pass an actual trade agreement even after seven years of currency destabilization moves. Unbelievable!

  • Silver appears to be heading well into the 18's by the first week of June. Judging form recent options, 18.80's-19.50 is a possibility by the time the Greeks give up the ghost. The market after-quakes are going to be very interesting!

  • You want to know why the dollar is tanking, along with U.S. treasuries....

    http://www.bloomberg.com/news/articles/2015-05-15/china-s-yuan-may-draw-1-trillion-on-getting-imf-reserve-status?cmpid=yhoo

    PM's are going to do well going forward.

  • Silver may see the 18's by June 1st after all....especially if a catalyst (Greece) develops by or before then. EXK poised to crossing over 2.50 mark, and not much to stop it going up further if it crosses 2.63. JMHO

FOE
16.45-0.13(-0.78%)Jul 6 4:01 PMEDT