Watching the crash live as it happens

-j-p-shmorgan said:
Jislizard said:
bull_bear said:
Gsr 77.2.
Silver not holding up well in crisis..
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I hope it doesn't hit 80, then I have to do something with the last few ounces of gold in my SMSF and that means work!
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Selling gold at a profit or loss?
And this would be to accumulate more silver? lol
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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 !!!
 
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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
 
SilverPete said:
Where's TheEnd now that it's time to panic?

[youtube]http://www.youtube.com/watch?v=o7dp9OSqpdU[/youtube]
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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?
 
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.

WRAPUP 7-China stock market freezing up as sell-off gathers pace

SHANGHAI, July 8 (Reuters) - China's tumbling stock market showed signs of seizing up on Wednesday, as companies scrambled to escape the rout by having their shares suspended and indexes plunged after the securities regulator warned of "panic sentiment" gripping investors.

Beijing, which has struggled for more than a week to bend the market to its will, unveiled yet another battery of measures to arrest the sell-off, and the People's Bank of China said it would step up support to brokerages enlisted to prop up shares.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen closed down 6.8 percent, while the Shanghai Composite Index dropped 5.9 percent.

With nearly half the market on a trading halt and another round of margin calls forcing leveraged investors to dump whatever shares could find a buyer, blue chips that had been supported by stabilisation funds earlier in the week bore the brunt.

"I've never seen this kind of slump before. I don't think anyone has. Liquidity is totally depleted," said Du Changchun, an analyst at Northeast Securities.

..."It's a stampede. And the problem of the market is that all the players move in the same direction, and are too emotional."

..."Investors are extremely unimpressed with their sudden conscription into national service, and you can see that in their share prices,"

http://www.reuters.com/article/2015/07/08/china-markets-idUSL3N0ZN3U520150708
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"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.
 
SilverPete said:
..."It's a stampede. And the problem of the market is that all the players move in the same direction, and are too emotional."
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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?
 
aleks said:
LOL 50% of listed stocks are now suspended from trading, shall we just double the index losses today then?
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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.
 
-j-p-shmorgan said:
SilverPete said:
..."It's a stampede. And the problem of the market is that all the players move in the same direction, and are too emotional."
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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.
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That's the biggest fear of the Chinese government. They'll start wars to divert public anger.
 
The USD/JPY carry trade and the Nikkei could become a focal point as the carry trade has broken under a decent support level
 
-j-p-shmorgan said:
SilverPete said:
..."It's a stampede. And the problem of the market is that all the players move in the same direction, and are too emotional."
Click to expand...

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.
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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.
 
aleks said:
LOL 50% of listed stocks are now suspended from trading, shall we just double the index losses today then?
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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....
 
SilverPete said:
-j-p-shmorgan said:
SilverPete said:
..."It's a stampede. And the problem of the market is that all the players move in the same direction, and are too emotional."
Click to expand...

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.
Click to expand...
That's the biggest fear of the Chinese government. They'll start wars to divert public anger.
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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.
 
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