Quoting: Saddletramp Quoting: Anonymous Coward 28621700 Quoting: Saddletramp ... Quoting: Anonymous Coward 16477649
A BS Flag for quotes...interesting...
I think you could see a 500 point or more drop tomorrow...last day of trading before Christmas...
Saddle, as you know if they want it to drop it -500 tomorrow it will ! The natural price discovery mechanism's have been removed from the market "entirely"
The price of everything must be hammered to paint a pretty chart for the chartists to talk about for the next year. Inflation ? What inflation, let's look at the chart !Priceless
That's why I only rarely play equities anymore...
As for inflation, the commodity markets have been showing increasing deflationary pressure all this week, and that is a bit worrisome after the Fed's QE4eva program they announced last week. I think the next "inflation" we see could be "Hyperinflation", which is not growth at all, but a total collapse in confidence in the currency...
Probably when China finally announces Gold Backing for the Yuan...
Still, while they may let the market swing wildly to influence FIscal Cliff negotiations, I still believe the real fireworks aren't until after the 1st of the year...
I wanted to ask you saddletramp, what your thoughts on the Queeen of England were regarding her tour of the Gold vaults and declaring that it's "all" there...........see.
Could the 11 countries that are committed to the implementation of the Basel 3 accord change the tier asset category for Gold from a tier-3 (50% weighting to their balance sheets as an asset) to a tier-1 (100% weighting on the balance sheets) on about the first of January ? Something is up with Gold.........I smell it !
Sooner or later they are going to deploy that Gold they have been hoarding all while poo-pooing it.
From Yahoo News
AS ONE of 11 Basel Committee on Banking Supervision member countries, South Africa would be ready to implement tougher capital adequacy reforms for banks from next month.
Africa’s largest economy has finalised its rules, which were submitted to Finance Minister Pravin Gordhan for approval.
The country’s banks join those from Japan, Switzerland and Singapore, among others, that have also raised their capital buffers, the Basel Committee said last week in a progress report.
The report was issued after the committee met last Thursday and Friday to discuss the progress of its members in implementing capital adequacy reforms, which are meant to strengthen bank balance sheets. The reforms require global banks to at least triple their capital buffers in stages until 2019.
[link to za.news.yahoo.com