Its a good idea with gsr close to 80. it does not matter if you sell on a loss or a profit as long you are still in the same asset class. I sold noahs arc on a big loss and bought koalas, same weight - who cares about fiat value. Fiat was only the tool for conversion. Same AU vs. AG China market is crashing, chaos in europe, german stocks is also down 15% from its this year high. PM down - the only market without loss is the US stock market !!!! They are the best manipulators ever - only question is how long they can do their scam to the rest of the world. A very big part of their GDP is the financal market. A market without producing anything. Think about what kind of stuff you want to own produced in US. I can see a ...... Ahhhh ... Nothing !!!
If the usd bull market continues and it breaks through the previous high (100 level) of the US dollar index, 104 to 105 looks like the next level of resistance
I am right here S.P! Still bugger all being said in MSM about this problem. All I hope is that it effects the Chinese investors that are getting into Oz RE lately. Hoping the brakes may come on a little?
http://www.bloomberg.com/live/emea Tsipras is addressing european parliament today, lots of booing and cheering
Its a make or break for the Chinese market, but I think it's all over now that confidence has been lost. The Chinese market is pretty much a dead man walking at this stage.
"China's regulator has taken the drastic step of ordering shareholders with stakes of more than 5 per cent from selling shares. The regulator said on its website late on Wednesday that it would deal severely with any shareholders who violated the rule." Mark it in your calender - Take a short position in Chinese related shares a day or two before Januaray 8th next year.
Emotional????? What do you expect when you are playing financial games with your citizens' prosperity & future? I for one, would not be too "happy" in their situation.
LOL 50% of listed stocks are now suspended from trading, shall we just double the index losses today then?
Stocks suspended, a government decree that no one is allowed to sell if the have 5% or more of shares in a company.... There's going to be a crisis of confidence.
The USD/JPY carry trade and the Nikkei could become a focal point as the carry trade has broken under a decent support level
You have it JPM. It is all to easy to forget that behind all this money we discuss so casually every day REAL PEOPLE EXIST. People that have trusted those that appear to know what they are talking about and committing much of their wealth to their (expert/sarc) hands.
markets are up today but I have a feeling that It's not jut because of the public market intervention. I here there's more than a little big dark money moving under the surface at the big exchanges with government ties (which is most of them as they handle the IPOs of all the big privatisation deals). All this locking up of shares is a bad bad move though, the multiples are still way up on where they should be and they are essentially forcing private companies to hold way over valued stocks that could much lower than where they are now, that's like forcing Macquarie to hold BHP shares at $50 for 6 months. Not only does it mean that they could end up making those big brokerages potentially insolvent with no way to liquidate their bad assets which could kill their big trading firms and by extension their market, but no institutional investors from overseas are going to get involved for a long time to come if they think there is a chance they will buy something ad then not be able to sell it if things go bad. I dont think they thought this through very well, a flight of foreign capitol could be crippling to the market for many years until theyhave confidence that this sort of intervention is completely off the table.
Pretty sure it went to over 70% of stocks today. Pretty amazing. ALSO - NYSE had the longest downtime in HISTORY today. Down nearly 4 hours!!! Previous "glitches" and outages have only lasted 90 minutes at most. This leads some to believe it may have been an attack. Wild speculation ensues....
Such as backing the yuan with gold & crippling the USD? Such as creating their own bank with Russia & India to compete with the IMF? Such as adding on to their island by 3.5 acres everyday? Don't be surprised when the fire ignites. It's been in the making for a long time.