Tickercon 1!!! ITALIAN STOCKS PLUNGE 5%, SPAIN TANK 3% AND FRANCE 2,5%!!! Banks Diving Around The World!!! JPM to fire 4,000 workers!!!

zerohedge‏@zerohedge

Italy CDS wider than Spain's

The doom is on!

Is the Illuminati behind all this?

I dunno, but...

Thread: This is too important to be a reply to a thread... It all seems to be falling all together here.

what does that mean?

most of euro member already default

R**ters - German Foreign Minister Guido Westerwelle said on Tuesday that Berlin hoped negotiations between the European Union and the United States on a transatlantic free trade zone could begin this summer.

U.S. Secretary of State John Kerry pushed Tuesday for a free-trade agreement between the United States and Europe, saying it is a priority for President Barack Obama's second term that would help create jobs and growth on both sides of the Atlantic.
[link to www.timesunion.com]

Pff hwo thinks Italy will pay the 5yr or 10yr bonds is delusional

Carshing

they already desperate and tired to manipulate the jobs data..

how's your country ?

They're desperate to kick the can indeed. Same here, things getting worse by the day and more and more people are struggling, austerity will lead to civil unrest soon, may already happening in some way or another, nothing is off the table, don't think we can go on like this for much longer.

Last Edited by insertfunnyusername on 02/26/2013 12:41 PM

Gold is still in backwardation through the April contract.

The market Jews don't like the outcome of the Italian election and try to pressure the Italians into submitting to their will. Which means: Stay in the Euro and play by our rules or we will drive you into bancruptcy.

think this is bigger than the Jews tho or is pre-planned?

And the funny thing is that is not Italy the first to suffer but France and Spain.

Too many thiefs in Italy with too long tradition, doubt they'll oversell their stuff

IT's certainly big. Italy can bring the EU-project down. Which would bring back nationalism, which would hurt the global game plan.

Why do some people always blame the Jews? It's like Obama blaming Bush.

just break the euro alliance, what happen in euro just like a cancer spreading to other part of body and try to safe that part of body, but fail , if it still hold on then it completely kill the whole body

Euro will break up when Italy defaults.
Italy is fucked, going to fuck the euro, going to fuck europe.

Gold now in backwardation through June contract.

This means absolutely nothing.You think that this means that a collapse is still far.You are simply wrong.

The fact that gold is going down, proves that a collapse is immienent, and it will be so BIG, that the gold will have NO VALUE.

People are selling gold to buy guns, ammo, seeds, medicine, can goods, etc.


This crash will be different from any of the others because the ONLY VALUES that will be accepted are FOOD, FORCE and MEDICINE.

Last Edited by Recollector on 02/26/2013 01:26 PM

Gold is going down because corporate holders are selling to add capital to their sheets.

What means "backwardation"?

while india china and russia govt will buy it..

Nope, gold futures are declining in respect to spot or physical (with higher premium) because they are flooding the market with paper shares.

It is not sale of physical, it is future gold or claims which serve to drive down the future price of gold while spot gold is receiving immediate demand. It indicates preference to hold gold in the immediate than lend or lease gold for collateral in the future's market.

It means that large gold holders could actually sell their gold today (physical) and buy a future's contract for the same amount of gold while enjoying a risk free profit.

But large holders of gold (mines, sovereigns, CBs, etc) aren't doing that. Why? Because they know that delivery in the future is risky, that risk is not worth the risk free temporary profit. This situation only gets worse as time goes on.

It means the utility of gold to liquidate debt (as gold can appreciate to any price to liquidate any debt) is being removed from the world's financial system. That leaves only the mechanism of exponentially increasing debt to try and liquidate past debt, i.e. a black hole.

.

I think maybe that's the plan...

Backwardation is the price difference between spot gold (today's price to buy 5,000 ounces) and the nearest future's price. The future price has always been higher than the spot price, but has been steadily declining since 1971. Now that difference is negative meaning the spot price is higher than the nearest future's price.

That also means that it costs money for warehousing gold, as the spread or difference in price between spot and the nearest future's price could be used to pay for the cost of storage. But now with the basis (or spread) negative it actually costs to store gold for the future's market.

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Is GLP ever right?

Financial "experts" say that the stock market is going to crash; the market instead rallies strong.

Astrological "experts" say that a meteor wont hit; a meteor subsequently hits.

Political "experts" say that Ron Paul will win the election; Ron Paul comes in dead last.

and Iran

During the great depression the stock market had many rallies.

No meteorite hit the earth.

Romneyites stole the election from Ron Paul and then got burned when RP supporters didn't play like good little monkeys and jump on his band wagon.