EURO LOD!!! EURUSD 1.2042...UPDATES: EURUSD trades under 55, 100 and 200 DMA!!!

heh heh euro = 1.0 reboot

Wuts up with the naked dude ?

GAY TWITTER SITE. GAY THREAD.

if the euro breaks up.....germany will have to get back the D-Mrak currency....and THEN...it will grade up...and THEN germanys exports will DROP 70 percent at least..and THEN germans population will go SERIOUSLY RIOT against the government....i bet the world doesnt want that.

we have had this shit twice...if it happens a third time our MINDS WILL BLOW AND WITH IT ENTIRE EUROPE!

i bet you're right

If all the Western countries stopped printing fiat currency and devaluing said currency, it would help a lot.

Currency devaluation is the main problem in my opinion.

actually there is a more urgent problem approaching.

jp morgan lost billions in speculation, conrete in derivates.
deriavtes today are global and jp morgan is probably only the FIRST bank that has recognized this development.

if the derivate bubble goes global...the loss of money will be GODLIKE INCREDIBLE and that will lead into a deflationary tendency among ALL NATIONS on the PLANET......

sales will drop...exports will drop...
usually every nation would then decide protective measures for its economy.
today however this is not possible because most of the goods are beeing produced in multiple countries and not inside the country that needs to be protected.
so these protective measures would only protect that part of the good that is produced at home.
COMPLETELY SENCELESS AND USELESS!

...so unemployment will not only skyrocket...it will rocket to the sun or even to the center of our galaxy.

as far as ive seen jpmorgans top managers resigned.....

mabee(and hopefully) im wrong mabee not.
all i can say is that if this accelerates global there is no way of avoiding a third world war.
it would be the only way to get the system back to the start IF it was fought conventionally.

BAD BAD REALLY BAD TIMES ARE COMMING.

Its stabilized 1.2886 like a guy hanging on to a flagpole in a tornado.

green karma and 5 stars for OP

I suspect he understands better than many on these site what these dominos lead to

why is gold falling fater than the currencies then?
please explain to us econo-tards

and dropping fast

128.70

China not coming to the rescue

European industrial production numbers in 10 mins...brace for impact

I forecast a raid on gold silver here last week, but got boos and hisses

That's OK, my group and I have done well with puts on gold, silver and the miners. I have learned not to fight reality or market forces larger than me

I like both metals, don't get me wrong, but I've been doing this for a long time, and I can spot the pre-raid signs after being caught by surprise a few times in the past

As to why, there are many factors at work and these could lead both gold and silver even lower into June, which is already a traditionally week month for precious metals

1) The global central banks actively try to discourage investment in gold, as it further erodes faith in their respective currencies

2) There is still the hangover of MF Global, and now JPM, which could seriously rock the CME

3) Something NO ONE is talking about is that India - which is a serious slowdown - blames it's high trade deficit on the population's appetite for gold. The Indian government has been trying to actively discourage gold buying by raising taxes on bullion

India raises gold import tax for second time, prices drop
[link to www.bloomberg.com]

Sample article: India’s High Gold Consumption Hurts Economy
[link to www.voanews.com]

4) Both India and China have turned less bullish on gold:
[link to dawn.com]

>> This is what they are saying, but the reality is probably that gold demand was high in both countries and no government wants the price of gold to spike. I know it sounds counterintuitive, but the higher the actual demand is for PMs, the more likely a short squeeze, the more likely the prices will fall - esp when there is a global market and commodity selloff which can be used as a chance to trigger stop losses in both

5) People forget that while central banks have been busy buying gold, they can also start selling gold, especially when their economies are in trouble, or they need to bail out countries in their economic union...

6) Last but not least, if there is serious selling pressure in the market, and some big investors are in trouble and getting hit with margin calls, they will sell everythig : both good and bad, to meet those calls or redemption requests

This is what happened in 2008, when both gold and silver sold off heavily along with the rest of the market

Now I believe that both metals will be bought again, and what I would be looking for is genuine coordinated QE III in the US and abroad

At the very least I would be looking to enter a long position again in August/September, perhaps sooner

Last Edited by Baltar on 05/14/2012 05:10 AM

WSJ:
May 14, 2012, 5:06 a.m. ET

Euro-Zone Industrial Output Falls

[link to online.wsj.com]

this pushes the USD up to 80.79 and EUR down to 1.2862,

Enjoy the ride...got puts?

Last Edited by Baltar on 05/14/2012 05:21 AM

EUR/USD also taking a nosedive today

1.2868...

thank god i still had my forex-account open.. i hadn't touched it in 3 years.. i'm short on EUR/USD since 2 weeks ago

You guys see a little drop to $1.28 to the Euro and you call for DOOM? Get a grip.

Look at the rates for today's date 2010!

Mid-market rates as of 2010-05-14 16:00 UTC
Currency code ▲▼ Currency name ▲▼ Units per EUR EUR per Unit
EUR Euro 1.0000000000 1.0000000000
USD US Dollar 1.2385096912 0.8074220227
GBP British Pound 0.8513357656 1.174624678

Even the pound, which has gone to parity fairly recently and has stabilized again was doing 5 pence worse than it is today. IMMEDIATE DOOM OFF

[link to www.xe.com]

you have to see things in perspective dude.. we're fundamentally speaking in wayyyyy stormier waters then 2 years ago

or so it would seem...in June of 2010 the USD hit $1.22 only to rebound to $1.44 by April of 2011.

I honestly can't say I have any idea what the hell is going on and of course the markets are so manipulated, I don't think anyone else does either. When it begins to approach parity, I'll begin to believe the crash is in full swing. Until then, it's like chasing shadows where you never really know if what you're seeing is real or not. All speculation. Look at silver! It's supposed to be a hedge against falling currencies...but we see that it is tied as tight to the market as anything else. peace.

zerohedge‏@zerohedge

1 year EURUSD cross currency swap: -59.1 bps, lowest since February 27

zerohedge‏@zerohedge

EURUSD 1.2858 LOD

1.2840!!!

1.2835 !!!

zerohedge‏@zerohedge

1.2829
:anger:

The Euro Just Tanked Some More... [link to www.businessinsider.com]

Spot on.

1.28250!!!

New Euro Low: 1.28200!!!:bump:

zerohedge‏@zerohedge

CONSERVATIVE GREEK LEADER: NO DEAL ON GOVERNMENT. EURUSD sliding