EURO 1,215$ = BOTTOM FOR 2010?

€uro will not collapse imho but the $ will.

posted the following on another thread:

i somewhat get the impression that the european union as a construct was never meant to fail in the first place since it was part of the nwo centralization plan. since we all know that a € collapse would inevitably mean a destabilization of the €uro zone i would suspect that all this has been happening intentionally in the past few weeks. while the european financial system is now taking all kinds of austerity measures for the banks & stock market trading, the U.S. financial infrastructure is still a complete casino in the hands of speculators. this is all by design imho. the greenback has to be replaced so or so in order to undermine the sovereignty of the united states. i might be completely wrong of course but that's the impression i'm getting so far.

ok I agree with the bold part.

Europe doing some lot of cuts while the USA is having a printing money party but the markets are too focused in Europe.
I think now that lots of short speculators have lost money today, we may see an euro rally.

what do you say guys?

parity bitch

it is a time for discuss people

TOO MUCH ENERGY focused on "THE EURO IS CRASHING"... is that a sign that a reversal is inminent?

too much silence about the USA fiscal situation in the last weeks made me suspicious.


it is delicious for them this euro reversal.they are taking money from all the wanabe speculators .

today with the massive rally, lots of money was made buying euros.

I suspect they launched all kind of rumors and when we were about to convince ourselves of the euro crash, they started buying euros. Voila ! euro super reversal today
If euro goes to the same level it was 5 weeks ago, a fortune will be transfered to the euro buyers . just to go back a couple of weeks in the euro decline.


So, let`s talk abou this!

thanks for the pin mods, you are very polite

that is exactly the point. someone is going to benefit big time from placing bets against the one-sided speculations...

Last Edited by i lol'd on 05/19/2010 05:50 PM

Unless they have changed their plan.

possible. a new (fourth) reich in the making LOL...

to see the chart, go here and watch it live

[link to finviz.com]

use f5

Below parity! The Euro is going to shit. Its been overvalued for a long time. Now the markets realize its just another paper currency. It's subject to more risks than other comparable paper currencies like the USD. As the USA goes to shit, the rest of the world goes to shit a bit worse.

But rest assured, a strong dollar will make corporate profits go to shit in the US, (40% of profits in S&P are from overseas). This will cause a stocks to drop to below crash levels. Just look, the euro was at 1.25 when the dow was at 6500 last year. Stocks are still very overvalued. I expect stocks to decline to 5800 on the DOW.

you all fail to see the bigger picture in time when this occurs you will remember I warned you all...

Thread: You Were Warned the European Union will only get Stronger!

wow that's an awesome chart! thx a lot.

:mmmmhmm:

May 19, 2010
A Short-Term Rally In The Euro Should Ensue – Especially Given The Rapidity Of Its Recent Descent

Given the euro’s damaged reputation, I expect pledges from European governments to rein in budget deficits and from the ECB to defend the value of its currency. While the long-term implementation of such commitments may prove lacking, a short-term rally in the euro should ensue – especially given the rapidity of its recent descent, and the overwhelming bearish sentiment against it.

in europac.net

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

[link to peterschiffblog.blogspot.com]

On a purchase price parity an analysis the Euro is still overvalued. Purchase price parity would be right about a 1:1 ratio ... IF one excludes all credit risk due to the issues of excessive debt levels in many of the Euro states.

AS bad as the US debt level situation is ... the European debt level situation is WORSE

come on , it is not about "what it should be". it is about MAKING PROFITS.

they control the game. Too many sheeple beting against the euro... I read 40 pages of "GERMANY LEAVING THE EURO THIS WEEKEND by a DEUTSCHE BANK guy" and no news so far.

It is a trap for me. It is not about what we BELIEVE, since it is their casino.
what do you say?

A Short-Term Rally In The Euro Should Ensue – Especially Given The Rapidity Of Its Recent Descent

Peter Schiff is very astute, as are you

it will reach parroty

Many people have posted here about the floor under the Euro, and you know what? They all lost their arses. One guy on GLP some 2 weeks ago said the Euro bottom was $1.33. Germany isn't going to bail out the PIIGS. France isn't going to bail out England. The Euro will fall apart in short order and you will lose your arse as well! You know what I invest in? Seeds, sewing, spare parts, ammo, foodstuffs, and any other trade that will keep me going when the Dollar is worthless. If it doesn't happen I still possess a wealth of skills. If your Euro hedge collapses, what do you have left?

you have a nice point!

but it is different . this is NO PREDICTION. IT HAS HAPPENED.

the euro is going up 2 cents now.

I know you should get our bunker ready with gold, seeds, spar parts, ammo ...
but for the short term
it looks like the euro is going up?

I have recommended here lots of time buying silver and gold when it was 1070$ and 13$.

but...it looks like the euro is going up . what do you say?

Still I don't think Euro will regain full strenght now...to much shit going on in the Eurozone...and more to come...

What I do now is that many fx shorters are not happy that their stoploss levels are touched with this volatility...

Money has been printed and shipped. You got the first bailout payment to Greece already, so now you can see the tide stem for a while.

But sometime down the road the bill will come fully due.

I give it until early next year.

What I know is that a fool and his money are soon parted. The game is rigged dude! Invest in people and not paper! The profits are far greater then anything Goldman Sachs could possibly return over a lifetime. Here's my bottom line: I've invested in so many people around the world that I could move anywhere and be taken care of, but I dig the US and here is where I'll make my stand. But knowing that a few Dollars elevated somebody with an idea out of poverty, and gave them a reason to strive in life is something you can't put a percentage of a return on. I'm fortunate enough to say that I was welcomed and absorbed by different cultures like no tourist ever could be. I have broken bread with fire chiefs, police chiefs, and tribal chiefs, and all it takes to do the same is for you to invest in yourself or some other person with dreams if you have none of your own.

Would they be maneuvering to address the underlying derivatives problem - something will be implemented eventually.

this looks like a short term low for me

trap, sold out needs some buyers before Continuing its path BELOW 1.00

Questions:

Which country do you see imploding next after Greece?

Do you see the british sterling bottoming, and if so in what time frame?

now it is a time for central bank interventions.
it is extremely hard to predict.

the dollar looks massive topish.
no much more to keep going up in the short term.

Gold and silver will keep going up against all currencies in the next 12 months.

Expect countries going down:

greece again
portugal
spain
france
italy
JAPAN
USA
UK

These are my main suspects.
Don`t trust paper money and you will be fine.