Posted on 09/23/2011 3:51:24 AM PDT by blam
REBOUND GONE: Europe Dives Into The Red, US Futures Slip
Gus Lubin
Sep. 23, 2011, 6:33 AM
So much for the stabilization after Thursday's selloff.
European markets have lost early gains, with the FTSE 100, the CAC 40 and the DAX off over 1%.
Last night's unexpected G-20 statement pledging to take strong coordinated actions to support Europe apparently was not convincing.
Dow futures point to a negative open, losing early gains of nearly 100 points. Here's a chart:
(Excerpt) Read more at businessinsider.com ...
Well, you knew reality would have to rear its ugly head at some point. Maybe today is the day.
Unfortunately, the morons can't understand this, and there are more of them than there are of us.
Mike
Wow, time to consider buying gold and silver on those dips!
While cash is still worth something
The FTSE is diving toward -2% now.
Simone Foxman
Sep. 23, 2011, 6:56 AM
The euro is plummeting, swiftly erasing all gains made since U.S. markets closed yesterday.
European markets are following suit, with the DAX off 2.02% and the CAC down 1.69%.
This doesn't bode well for a strong U.S. open. Check out the euro's dive over the last couple of hours.
Image: FinViz.com
"Karl Denninger, who forecasted the breakdown in stock markets a couple of weeks before the crash of 2008, says that all hell is now breaking loose"
Yes the deranged little lefties cannot get over their hatred of those ‘millionaires and billionaires.’ They are losers and so they want to whole world to be losers with them.
Right! Europe, the U.S., and the world are witnessing the death of Liberalism.
There are people saying that gold will probably peak around US$2,300/troy ounce by March 2012, but start falling as people realize that Obama will NOT re-elected as President and a new Republican President will do a lot of streamlining government size and doing major changes to income tax laws to truly get the economy going again.
Wow, time to consider buying gold and silver on those dips!
While cash is still worth something
It was kind of funny listening to the radio this morning. The Talk station I listen to was chattering away about world events and they made this comparison...
The fantasy nicey world of the liberals is about to bump into the reality world of republicans...
Gold falling as investors cash out and seek US dollars.
The USD looks strong compared to the rest of the world currencies
Personally, I see the US as an illusory and temporary safe haven. If banks are buying USD it is not as a long term safe haven but to cover their butts for what is coming.
Kinda like us standing on the stern of the Titanic as the bow goes under
I also have an uneducated hunch there is manipulation in the gold and other commodities markets that in the long run, benefits China. Call me cynical
Just bought a bit more of the barbarous relic, and some silver too
I was wondering the same thing yesterday...gold was dropping too?
The only thing I could figure out was that ‘wealth’ is truly gone and those that bought gold are needing to sell it at peak to cover margins. Which would be bursting the gold bubble. The winners will be those who can actually hold on to their gold through the contraction.
I think people forget that in China, gold is more than just valued as a store of value—it’s also highly valued as jewelry. That’s why there are a lot of goldsmiths in Hong Kong even now, selling their wares back to China.
75% or more of the world’s gold is not bought in the US, but in countries like China and India
The govt of China is encouraging its people to buy gold, even with vending machines. “Socal security” for a time when the leading world players go back on a gold standard?
Let's hope and pray so--
--and that it happens before it's too late!
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