Watching the crash live as it happens

Discussion in 'Markets & Economies' started by aleks, Apr 11, 2014.

  1. TheEnd

    TheEnd Well-Known Member

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    Ye 6 months to work all this out is just rediculous......I seriously cant believe its gone on this long!!! :mad:
     
  2. whinfell

    whinfell Well-Known Member Silver Stacker

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    Kicking the can further down the road ...

    SMH: http://www.smh.com.au/business/worl...eferendum-on-aid-package-20150626-ghz5gi.html
     
  3. aleks

    aleks Well-Known Member Silver Stacker

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    When european markets open on monday:

    [youtube]http://www.youtube.com/watch?v=-kcOpyM9cBg[/youtube]
     
  4. aleks

    aleks Well-Known Member Silver Stacker

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    Looks like the asian session will be interesting, could see some serious repricing
     
  5. aleks

    aleks Well-Known Member Silver Stacker

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    USD and gold gapped up, gold at 1185

    everything else down
     
  6. aleks

    aleks Well-Known Member Silver Stacker

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    Big gap down on german dax, china sell off continues even off the back of PBOC cutting rates to a record low, nice sell off on the asx today.

    Europe is awake and trading
     
  7. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    I'm settling in for a long night. Not doing any trading so I can enjoy the show
     
  8. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    Will the AUD drop be sustained I wonder?
     
  9. aleks

    aleks Well-Known Member Silver Stacker

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    This will probably give legs to the US dollar index making new highs eventually
     
  10. Peter

    Peter Well-Known Member

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    MORE than $35 billion has been wiped off the Australian share market as investors brace for an increasingly likely Greek exit from the euro zone.

    Both the S&P/ASX 200 and All Ordinaries were down about two per cent within the first hour of trade, with IG market strategist Evan Lucas saying the market was on track for its worst day in several years.

    "Unfortunately this could probably be our worst day in two or three years, you'd probably be going back to 2011 or 2012," he said.

    "It's a very tough time and unfortunately nothing will be spared, except perhaps gold." The slide was spread across the market, with banks, miners, retailers, healthcare providers and telcos all down sharply. Gold stocks nudged ahead as investors sought out safe-haven investments.

    Meanwhile, the Australian dollar has fallen around three quarters of a US cent since Friday and is currently trading at around 76.3 US cents.

    News.com

    I note that the greek stock exchange has lost 33% in a year.
     
  11. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    It will likely go higher but the so will many of the independent currencies it's based on like the yen and the swiss franc.

    I wish my CFD broker would let me trade metals in AUD, at the minute I'm betting silver will gain at least another 10-15 cents but it's US dollar denominated so the euro/yen/aud silver price might go up but I might still lose money. I can have an aud/usd pair on the go but that's not really ideal...TOO THE MOON, TO THE MOON!
     
  12. JulieW

    JulieW Well-Known Member Silver Stacker

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    Biggest warning yet: BIS

    If you follow the whole 'elite tells us before they act' meme then the words:

    are very scary.
     
  13. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Painful choices generally make it harder to get re-elected and to a politician power means more than the economic future of the generations to follow
     
  14. aleks

    aleks Well-Known Member Silver Stacker

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    Shanghai composite still selling off after a 20% pull back. Greece and China feels like a recipe for DOOM
     
  15. Ozboy

    Ozboy Active Member

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    We're returning your application for re-submission....next time plz dont use invisible ink.
     
  16. Arsenal

    Arsenal New Member

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    Funny how we don't hear so much of the Chinese selloff in the news but in reality it is huge news.
     
  17. aleks

    aleks Well-Known Member Silver Stacker

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    China injecting liquidity into the banks today :lol:
     
  18. bull_bear

    bull_bear New Member Silver Stacker

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    It official - Greek finance minister has said Greece will not make the 1.6bn IMF payment on Tuesday.

    But he still hopes for a deal with creditors..
     
  19. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    They'll give false hope of a possible deal right up until the last minute simply to keep the markets from plummeting
     
  20. willrocks

    willrocks Well-Known Member Silver Stacker

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