Gold , coins , miners , timing

[TwoShadows]

I think gold will top the $1,300 mark before the end of the week. And that won't be the high for the year. I am surprised silver has not made a larger jump?

[Paint Your Wagon]

I think gold will top the $1,300 mark before the end of the week. And that won't be the high for the year. I am surprised silver has not made a larger jump?

Twoshadows if you want 300 years of gold prices : it is free week at sharelynx like I posted yesterday and they have those charts in printable form .For all of europe silver
is a raw material with 18 to 21 % tax the moment you buy and a spread of 5-10%
So you lose 25% the moment you walk out of the coinshop .

Today I made a new prediction HUI high 5 oct gold 7-8 oct or everything 9 market days
later

[Paint Your Wagon]

Bwahaha

Merican mint sold out again in pure bufs and not able to make any more this year 

http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=111892&sn=Detail&pid=110649

[Paint Your Wagon]

What a beautifull move down and then 25$ up
All this on a 22 minutes island reversal
All the weak stoplosses must have been run  

[whadda]

I sold a lot at market this morning after setting the sells for profits last night. Then saw the action after the open and bought back in as the miners were slow to react to spot. All I needed was to see $1300 cleared to get me interested. I was light in CGC so added a bit in case they do merge or whatever.

Some trading fun.

[Paint Your Wagon]

I sold a lot at market this morning after setting the sells for profits last night. Then saw the action after the open and bought back in as the miners were slow to react to spot. All I needed was to see $1300 cleared to get me interested. I was light in CGC so added a bit in case they do merge or whatever.

Some trading fun.

Between exchange euro-dollar and bankcosts I have like 3% cost on a 3000 Euro trade
and below 3000 it gets worse procentage wise but the cost does not go down with higher money amount trades . So I can only swingtrade.
I probably will start slip sliding out of the trades on which I have 60-80% gains since last low ( oceana and GBG and tanzania)

Do you pay for life quotes ?

[Paint Your Wagon]

From smart invest
What a pentup energy

[whadda]

NG is about the only miner I can rely on to be consistent. NGD needs to pay off the Mexican government before I regain complete confidence in that stock. HL must have a management problem because its worth is not reflected in stock price. Still, all in all, doing better than I had hoped for lately. CGC running up.

[whadda]

You mean 'live quotes' I guess. Well, kinda of. Stock price in the portfolio are not streaming live quotes (delayed) but when I place an order I do get a real time live quote but I still have to refresh the live quote for the latest price because it doesn't stream to me. At $6 a trade what the hell, okay with me.

[Paint Your Wagon]

You mean 'live quotes' I guess. Well, kinda of. Stock price in the portfolio are not streaming live quotes (delayed) but when I place an order I do get a real time live quote but I still have to refresh the live quote for the latest price because it doesn't stream to me. At $6 a trade what the hell, okay with me.

Yes some of my bosses asskicked me for not using a spell checker . But there is no magic spell I just write
phonetically when I am doing two things at the same time so live it is.
I have an in computer charting program getting free gold; dollar; HUI and indexes streaming into one minute bars and the rest 15 minutes delayed into one minute bars ( I can use ticks or 5 minutes etc ; whatever I want ) They all come from Yahoo by way off a yahoo API service written into the program.
At  45 euro cost I do not even get life confirmation on ordering from europe .

PS but I have to pay NO capital gains tax lol

[whadda]

Yeah, if I remember right, you pull live quotes from a wire service via a tv connection. Smart.

English is just a tough language. It's like writing in riddles.  "What did the ocean do when it saw the beach?" It waved.

[whadda]

You don't have to remind me and rub the tax thing in.......

[Paint Your Wagon]

Yeah, if I remember right, you pull live quotes from a wire service via a tv connection. Smart.

English is just a tough language. It's like writing in riddles.  "What did the ocean do when it saw the beach?" It waved.

They ask like 300 euro a year if you are not that smart . I think real live cost like 4 times that and you have to choose from a menu up to a total of 100 or so .

Anyway HUI and gold are live and can be used fairly well to use the 15 minutes delayed miners and predict the correct miners price at times of buy or sale . On top of that if my order is not executed in a few minutes I can change as much as I want till my computer tells me it is executed . So I find the right price by edging down on sales and up on purchases .

[Paint Your Wagon]

You don't have to remind me and rub the tax thing in.......

Ah but you can deduct losses
I cannot 
And the Germans are paying tax too since january this year so it is coming 

[whadda]

Welcome (soon) to the game of weighing and balancing tax implications every time you trade.

[Paint Your Wagon]

1310$ is the top of that channel I posted this morning
I am curious whether we will accelerate upwards out of this channel for the end of this cycle
Not that it matters since I trade miners only

[Paint Your Wagon]

Welcome (soon) to the game of weighing and balancing tax implications every time you trade.

With a little bit of luck we will have no government this year 
Walloons and Flemish are seriously arguing
Walloons at expected when Belgium is split Brussels would join them ; but Brussels has decided they want to try it alone as a citystate in that case Good luck to them then the European Union can pay their Billions of deficits 
After like 134 days without government the Dutch have decided to try a minority government starting
this weekend 

[whadda]

Every Euroland country is trying to avoid paying the debt burden of other members as Armstrong points out they can't devalue their local currency because they signed up to use Euros so technically have no local currency or local economies (except black markets in currency ex. German denominations).

Have no idea how this play outs but spot needs to put a floor in at $1300 for the time being to continue on up. Friends of gold doing that so far. Sold some CGC on the rise for profits already.

Was repositioning and sold some RGLD. Seems on this move I'm better off looking for the large movers instead of the steady movers.

[whadda]

Norcini says shorts were put on to try and cap the $1300 and bulls just attacked those shorts something fierce this morning. He would know all the details with his trading connections.

Sinclair just saying it's going up and up and up.

.79 on the US$ is here already. Sad.

[Paint Your Wagon]

I have ten miners
Only three are doing worse then HUI based on 3 dec peak last year
On this move K is going out and a third YRI and some MFN
I will be buying more Aurizon to bring it up to full position strength
I do not know yet about the others ema 65 crossing ema 200 seem good candidates

[whadda]

I have some long shots performing lately. I did drop a few like GBG TGB and BAA which had a nice move today but so did the ones I moved into like NWI.to and URRE. I've been in and out of NG my favorite. NGD just not acting as strong as it was.  Want HL to do something big and I am happy with my GSS position.

[Paint Your Wagon]

For me the suspense continues
Will gold break upwards out of its channel
Will tuesday next week be the high for HUI
Will I get to get some cash

Mama will they drop the bomb
Mama will I run for president................
Teacher ; leave them kids alone............

 

[whadda]

Looks like profit taking complete and the run will continue for the rest of the day.

[Paint Your Wagon]

Looks like profit taking complete and the run will continue for the rest of the day.

I am sitting with my finger on the sell buttom ; getting cramp in my hand
I see no very shortterm exageration in any share except maybe NGD
I know I had better wait till next week tuesday my target day ; but I would feel more
comfy with some cash going into the weekend . I got 110% net gain on my last trading slice
of Tanzanian and feel like a pig wanting 8 cad$

[whadda]

Selling some on the way up won't hurt. Profits never hurt. I've been selling and buying back like crazy, at least the 20% I trade in. I take profit and usually move into laggers or long shots.

Gold rise is still steady and calm. Sliver playing catch up in ratio.

Looks like I finally got one right but I don't want to jinks it.

[Paint Your Wagon]

There are mini shake outs in the dollar and HUI

But I do not expect any miner to meet my selling crit today ( high slow stock and high momentum on the daily chart )

[whadda]

Manipulators are trying to pound spot down but it's not working. Silver wants $22. China shutting down rare earth mines there, what fun.

[whadda]

Either the six guys at the Stool are the most seasoned group of traders I've ever seen or they are just not interested. The board is dead, we go up.

[Paint Your Wagon]

Either the six guys at the Stool are the most seasoned group of traders I've ever seen or they are just not interested. The board is dead, we go up.

Dharma is lording it over a group of awed cowards at tt forum
He reads a lot and synthesises well what he reads and edges his bets
continuously. His resume is smooth sailing till the end of the week and
a blistering next week with highs coming or gone 

Nobody noticed he never made it to his 15 weeks low and he never ever
showed a chart.Recycle man from the Philipines on the other hand
is a gambler . You only hear from him when his gambles paid off.

Our lawyer bearvest on the other hand does not see anything but gold doom and
even he sees no such thing right now 

At the German forum where I post some are allready 30% in cash and
they don't know what to think of my posts so they keep quiet 
I am mostly posting to myself these days 

[Paint Your Wagon]

The five day chart with 30 minute bars summerizes today
Extreme boredom

[whadda]

Either the six guys at the Stool are the most seasoned group of traders I've ever seen or they are just not interested. The board is dead, we go up.

I am mostly posting to myself these days 

Ain't that the truth. The nut cases are rethinking their stance on precious metals........ quietly.

I was getting out the other day (seems like yesterday, ha)  and got right back in, didn't even give it a second thought. Once in a lifetime moves are happening again I was think'in, it will correct a little later on but not in the next few days.

[Paint Your Wagon]

I am still 97.5% in
The next four market days should give the HUI hight
If I can catch the high close enough as I did a dozen times before I can make
an extra 10-20 % on the trade vs my core
Minefinders is fucking with me today ; down 8%
It is now on my list of mines on the way out of my portfolio
Kinross out , Yamana down and MFN down

[whadda]

@PYW did I see you in one of the rioting pics from Euroland?

You need to pickup some $1 or less long shots. Take overs should be rampant (6 month time frame) buy soon and buy often.

[Paint Your Wagon]

@PYW did I see you in one of the rioting pics from Euroland?

You need to pickup some $1 or less long shots. Take overs should be rampant (6 month time frame) buy soon and buy often.

I do not do pink sheets for cost reasons . Do you have the names of any toronto candidates?

[whadda]

August try this link and after reading it then find the 'stock' link in the heading to find a few more suggestions.

National Inflation Association

I have a Yahoo stock watch list I keep when some miner looks interesting to me and you are welcome to pick through it. Quite a few Canadian miners amongst them. Even having, say, 10 good long shot picks that never hit home runs, I bet all still go up in stock price while waiting.

If this slow steady grind continues on up, it could go on weeks and months more. Intermediate trend is 2 months old with a nice angle. This could be(?) considered the last part of the 3rd wave up before a corrective 4th down.

If NIA (above) has the silver strategy correct then a couple of silver plays won't hurt. Silver has certainly been carrying on lately.
 
If China is going to upset the base and precious metals supply then maybe some rare earth miners might do for a short time. The US has more than enough metals and fossil fuels for that matter to survive except no one is allowed to tap into them, yet. Then there is Canada and even South America then Aussie land, so a short term squeeze might hurt even if it ran in to years, no one has the final say in metal supply except maybe in pricing.

[Paint Your Wagon]

For me I think time is up
The slow grind will end at 1320$ gold for some kind of a correction bringing the weekly slow stochs to 20

I have made my sell list and this being the last day of the quarter I hope the window dressing will be them buying shares 

[Paint Your Wagon]

How do I get to see your yahoo list ?

[Paint Your Wagon]

OK
I survived the 2.5% drop and now we are hopefully shooting up like a cork out of water

This was more nailbiting excitement then videogames 

True to form still 98.5% all in 

I am going to be roadkill or an hero ; no in between

[whadda]

I'll post screen shots of the Yahoo lists. Forewarning: If you use any and lose money, I'm changing my e-mail address. If have winning bets then I get 10%, you pay my taxes.

I see after you were done protesting, you sent e-mail to China on behalf of Siemens..........
The virus targets control systems made by German industrial giant Siemens commonly used to manage water supplies, oil rigs, power plants and other industrial facilities. "This malware is specially designed to sabotage plants and damage industrial systems

[whadda]

In random order....

[whadda]

continued...

[whadda]

last one......

[whadda]

Lucky it's staying inside a narrow channel on the way up or you would be jumping out the window onto the street.

[Paint Your Wagon]

Lucky it's staying inside a narrow channel on the way up or you would be jumping out the window onto the street.

I live in a house and computer "work" on the ground floor .
But I am cursing so hard my neighbor turned up the radio 

[Paint Your Wagon]

Thanks
Your terms are standard terms for fundmanagers 
I will send you my bill for cycle analyses 

I'll post screen shots of the Yahoo lists. Forewarning: If you use any and lose money, I'm changing my e-mail address. If have winning bets then I get 10%, you pay my taxes.

[Paint Your Wagon]

Monthly chart of gold shows we are topping ( a condition that theoretically could last months but I am thinking october is it )

[Paint Your Wagon]

Weekly same story we are there but could stay there
This is where the 107 or 3x107 cycles come into play
5 or 14 october still highest probability

[Paint Your Wagon]

Daily Chart
Surprise surprise
The paralel line program of my computer has redrawn the lines
( I am no longer needed)
The high can be higher then 1320 more like 1330 plus now

[whadda]

Try and relax August. Enjoy or your neighbor will go deaf.

[Paint Your Wagon]

Try and relax August. Enjoy or your neighbor will go deaf.

Ha but there are only three times a year I can get to get the casino feel

Belgian law allows me all noise up to 10 pm from 7 am on

Fucker already complained three times because of my music so at 10 pm exact I switch to heavy full ear surrounding earphones 
My neighbor is a high quality chef cook and he has found no work on his level for 15 years now
So he has been living on Social Security for 15 years now ( 41 euro a day 6 days a week )
At age 65 he will get a pension which might be less .

He hopes to inherit enough money before that time .
I do not really hate him ; I just despise his two faces every time he comes to complain about something like a few month ago on sunday midday he phoned three sundays in a row because he had problems with odour from my sewer . He then asked his landlord to warn me . So his landlord phoned sunday midday again when I was eating and asked me when I was going to have the problem fixed. I told him blankly "this night at 12 pm"
He did not understand ; so I gave the phone to my wife who is very diplomatic 
She promised and did not do it . So I called in the city engineer and told him the problem was one yard from my property on city property . They fixed it with a 500 bar cleaning truck 

[whadda]

Casino?  This has been a sure bet for the last ten years. Even if you tried to lose money you would still break even.

Extremely tame action in miners. Gold steady with no panic yet. Silver reaching but without gold spiking they both will just continue the climb. Should be plenty of warning during a blow off spike for profit taking. I'm mostly all in again after watching the current action. Added to what I already had.

[dharmaeye]

Weekly same story we are there but could stay there
This is where the 107 or 3x107 cycles come into play
5 or 14 october still highest probability

Currently I agree. Mid Oct looks like top and very nasty down into mid Nov.

[Paint Your Wagon]

Weekly same story we are there but could stay there
This is where the 107 or 3x107 cycles come into play
5 or 14 october still highest probability

Currently I agree. Mid Oct looks like top and very nasty down into mid Nov.

I have been watching action all day
The dollar went down like .75% so net my day was zip
Still 97.5% invested over the weekend
If the high is not past I will catch it with my trading shares ; what happens after the top is the weekly stochs moving to 20% any which way

[dharmaeye]

Lets keep going.
Possible gold peak of some sort around April 7 ?

[Paint Your Wagon]

In grease somebody threw a bomb at a branch of the national bank
Meanwhile the forum here crashed
Dexia bad bank needs to be saved a third time (and not the last time)
and we start anew ...not sure about grease though

[Paint Your Wagon]

Friday is a blue moon

Dharma club says we fall down with gold
I say we stay or go up  and we correct in september

[whadda]

Gold, miners and the regular markets not looking strong here. Crash in the regular markets could drag everything down with it. Thinking about taking one account to cash. Some long shot miners, if I sell I can't get back in since my broker changed guidelines for purchase in certain grey markets areas for  OTC miners.

Double topping patterns possible on most charts.

[dharmaeye]

Even before the PM launch noticed the premium on most Ebay auction purchases and most "buy it now" totally unrealistic.
Cycles
Expect some kind of bottom in about three weeks. If higher then a wave two bottom?
Also expecting some kind of gold bottom toward end of year. Silver top near same time. High volatility?
Always look at bottoms for buying opportunities.

Top of some kind tomorrow??? Expect a move up of some kind. I'll be glued to my monitor tomorrow.
 

[Paint Your Wagon]

Situation unchanged
Monthly slow stoch at 65% and would need a rally to close the month over 80%
Weekly over 80% and no sign of coming down

So we will know after the 31st what to expect
Likely is the cycle to run into a september slow stoch high I figure ( relative price high )

once the monthly comes down from above 80% the correction will be 7 weeks or more

Weekly chart attachement not working

[dharmaeye]

Situation unchanged
Monthly slow stoch at 65% and would need a rally to close the month over 80%
Weekly over 80% and no sign of coming down

So we will know after the 31st what to expect
Likely is the cycle to run into a september slow stoch high I figure ( relative price high )

once the monthly comes down from above 80% the correction will be 7 weeks or more

Weekly chart attachement not working

Used Netdania.com
Great charting - recently updated. Use world markets for non-forex.

[Paint Your Wagon]

How much I love computers (not)

A single lamp in my chandelier blew and caused a short which threw the magnetic breaker which downpowered my laptop
The main program threw a fit and shut the computer down
The reboot failed because an adobe update was ready and for some or other reason the past year I crash on a new adobe reader message
So I had to run all the diagnostics and by the time I was back online I got a message that
Firefox rubbish nr 15 was out but did not support Norton toolbar . I refused and crashed again. After two hours I was back and running
I got four backups one day old, one week old , last month and april
I needed those back ups once in april for a 5 year running
Point is when you need them you have to have them

[whadda]

Try Foxit Reader. The free basic version is browser based and needs very little drive space.

[whadda]

Wednesday, August 29, 2012 Elliott Wave Update ~ 29 August 2012 Technicals are anemic.  Yet prices are levitating. Zero Hedge notes the low volume situation.

If you throw out the EW counting, the rest of the analysis appears correct.

[Paint Your Wagon]

I refused to install firefox 15
Today firefox 14 simply crashed without any reason at all and restarted as firefox 15
So much for free choice . Thank you open source shit to go public like facebook and crash in the market.
There is no such thing as a free meal unless you use bugmenot

[Paint Your Wagon]

No more Lee Marvin
I am the dragonslayer now

[TwoShadows]

Good choice!

[whadda]

Gun advocates outbid Detroit police for unwanted guns at buyback event

[whadda]

http://www.martinarmstrong.org/economic_projections.htm

Armstrong seems to be getting excited and writing more, finally sees 2013 becoming an important year.

I was looking at the 3 & 6 month charts for spot gold, shows flagging down patterns which means a  good pop up is still possible, soon. 1 year and 5 year charts show resistance around recent price levels. There is no guarantee that a run up can sustain itself yet. Price action could still get wild until it resolves itself with all the resistance levels. Miners need some serious in flows of money to attract attention to themselves.

The beginning of a stair step pattern here would be a real plus.  

[Paint Your Wagon]

The link does not work

Anyway the 22 month high is still expected next year and that is normally a major high

[whadda]

http://www.martinarmstrong.org/economic_projections.htm

[Paint Your Wagon]

Thank you

Gold is trying to get the monthly slow stoch over 80
How exciting this rally

[Paint Your Wagon]

I ran all the charts
The monthly stranded at 72% slow stoch and with a high probability sept will be the stoch high
The weekly kept on trucking on and a high in sept is more then likely

[Paint Your Wagon]

I ran all the charts
The monthly stranded at 72% slow stoch and with a high probability sept will be the stoch high
The weekly kept on trucking on and a high in sept is more then likely

[Paint Your Wagon]

Nice fun text only too true

There was nothing wrong with my weight, I just was not tall enough for my weight

Posts still crash on accents etc

[whadda]

That Armstrong link now lists a Friday gold chart with a writeup for some short term resistance targets.

[dharmaeye]

The link does not work

Anyway the 22 month high is still expected next year and that is normally a major high

Looks like about a year from now.

[dharmaeye]

Didn't sell last week, looks like this coming week might take some profits. Nice strength.
Next entry, end of month (Sept)?
Next low/ entry Xmas and the big launch into next summer?
All tentative

[Paint Your Wagon]

Next entry will be up to 7 weeks after the stoch high

I might sell some more on the monthly high to get eating cash

[whadda]

Broke above the flag resistance, if it continues, leaves a $200 area to clear before resistance for the old high comes into play. Small gaps on HUI Friday almost meaningless as the longs beat up on the shorts.

I'd watch silver at $35 and $37 to see if it can hold those levels then gold should base higher this time around.

[Paint Your Wagon]

Due to the mathematical nature of the slow stoch indicator
all periods monthly and weekly and daily are now overbought
The monthly shot to 96%

[Paint Your Wagon]

The weekly flatlined at the max slow stoch
We are living on borrowed time before the corrction which should take 2 to 7 weeks normally

[longnine009]

Well another "summer of recovery" is over with no
recovery. Good job Ben.

[OldDan]

Well another "summer of recovery" is over with no
recovery. Good job Ben.

Ah yes, but he did manage to find some fun while visiting in Jackson Hole this last week end... Where are those bears when you need one???

[whadda]

That could mean a crash in the regular markets as gold moves sideways while basing to drag the 20/80 back down. Miners could decouple during that time but not runaway. Still hard to make a buck here.

[Paint Your Wagon]

I have not made a buck since late 2011
If this thing does not give a donkey kick into 1800 and drops back
I am not going to make a buck this year either

A german newpaper had a poll and three quarters of the germans want grease out

The cofounder of pirate bay got arrested in a far away country

The world just trucks on until it drives into a ravine

[whadda]

Global crisis moves East as China suffers rapid downturn

And China is going to save themselves, how?

I can't seem to find anything on pre-xmas ordering for major store stocking as it is done in July and August based on holiday anticipation, must be pretty bad.

If money pumping from world banks doesn't work then debt-deflation will take over and send everything down. Might want to think about temporarily going 1/2 cash on a high. You would only risk being half wrong or right.

[Paint Your Wagon]

I was thinking about getting more cash in a september high

In the meantime the grease are shocked because germany is suggesting
they work six days a week .
What total bullshit ; they hardley work 2 to 4 hours a day
I suggest they all work 5 hours a day 

[Paint Your Wagon]

HUI according to the german elliot woofers

[Paint Your Wagon]

I like this Jim Sinclair joke

"Dogs Welcome"

A man wrote a letter to a small hotel in a Midwest town he planned to visit on his vacation.

He wrote: "I would very much like to bring my dog with me. He is well-groomed and very well behaved. Would you be willing to permit me to keep him in my room with me at night?"

An immediate reply came from the hotel owner, who wrote: SIR: "Ive been operating this hotel for many years. In all that time, Ive never had a dog steal towels, bedclothes, silverware, or pictures off the walls.

Ive never had to evict a dog in the middle of the night for being drunk and disorderly. And Ive never had a dog run out on a hotel bill. Yes, indeed, your dog is welcome at my hotel. And, if your dog will vouch for you, you re welcome to stay here, too."

[longnine009]

Well another "summer of recovery" is over with no
recovery. Good job Ben.

Ah yes, but he did manage to find some fun while visiting in Jackson Hole this last week end... Where are those bears when you need one???

He should stand in the middle of a wheat field and
and give those Jackson Hole speeches. At least then
he can  rightfully say he did something useful.

[TwoShadows]

Ah yes, England has their Big Ben and we have a speck of Little Ben. We he speaks NO ONE listens!

[whadda]

Gold weak and miners weaker. Not a very strong reaction off the lows.

Beginning to sell here. I don't need an absolute high to dump. Just collect some profits along the way. Mainly NGD so far.

Armstrong's September 4, 2012 still has a two year gold low around Jan. '13.

Baja Mining crashed which they really didn't deserve but their poor lying management took them down. Usually I'd buy the lows for nice gains on the retrace bounces but I didn't even bother to do that this time. Hard to get excited when world economies are in depression.

[Paint Your Wagon]

My remaining shares in NGD are at zero bookvalue
I do not sell the good shares but the pieces of shit 
of which I have more then one 

[dharmaeye]

Suspect this is a blow off short term high today
Took some profit yesterday.
Underwater on too much.
Refining my thinking that the general stock market is rigged/ QEeed and move to more conservative strategies.

[whadda]

I'm underwater on most all my holdings esp. NG which is doing a painfully slow recovery now. NGD is  in the money and holdings are more than a year for tax purposes, selling the core is the main question and concern, HL I can take profits too and reload with some options I have at $5 and $5.50 but not yet. I have some Silvercrest that is doing well through all this but it sets in the ROTH.

If a 2 year low does happen Dec/Jan, it seems massive options buying would be a good play esp. in silver miners as far out as possible.

I look for total shares held count. I am doing well on that one and gathering some cash now if lows do show up.

Amazon will start collecting Cali. sales tax middle of this month, consumers are trying to beat the deadline.

Armstrong keeps  updating.

[Paint Your Wagon]

I am underwater on half my holdings
Some down 70% but then again I lost 90% on Echo Bay and sold at 10% gain after a few years
Lucky for me my supersized position was NGD now down to a normal position and
OGC is doing well
I am in for the parabolic , that is a 6 to 8 fold increase in a 6 months time period

[whadda]

Doesn't German Courts have to rule if the Euro bond issues are legal under German law?

What the hell is going on over there? Does some head of the Euro bank runs the Union? (Draghi ex Goldman Sachs head BTW)

[Paint Your Wagon]

In theory the ECB is independant
They decided when needed that all the Country bonds over say 6% interest will be bought by the ECB ( plain monetarization)

In the meantime Spain announced they will need a bail out next week
One province in Spain went to civil disobedience and refuses to pay taxes

It is amazing that amidst all these euro woes the dollar is dropping like a brick for several weeks now

I saw no news on the German decision which was supposed to have been yesterday
( I will go and read some german newspapers )

[longnine009]

They should turn a few banksters upside down and
see how many politicians come tumbling out of the
pockets.

[Paint Your Wagon]

German court verdict is on next Tuesday

http://www.welt.de/politik/deutschland/article109069100/Deutsche-hoffen-auf-Erfolg-der-Euro-Skeptiker.html

I did not know they are robed in bloodred