Posts by "klondike"

There is no solution.

Gold backed EFSF. Yes, I'm sure it was brought up, but who gets the gold in the end was a question too rude to bring up over such a fine dinner.

Like a little light going off in the head. How can China be of any aid really? They have a few Trillion to work with, are adding to their gold reserves, buying mining and other assets around the world, large infrastructure projects in their own country. How far can the money go and would they really want to buy bad bonds? I think it's a pipe dream that helps sentiment for the short term and that's about all.

If one of worlds smallest countries, Greece, and smallest economies can cause this much turmoil amongst the banks it is really, really a bad sign for what's ahead. Truly a small, small miniscule piece in the trillions upon trillions of debt out there public and private that these banks are up over their heads leveraged in and many larger sectors just coming into serious troubles.

I read Jim Sinclairs Mine Set every now and then and it now seems a simple truth which he has maintained for some time, the only answer is QE to infinity.

I noticed that on the euro, on it's first spike through 1.40 against the dollar the buying stopped abruptly. Was expecting profit taking or selling to set in after that. But it was muted to 1.3975/1.3987 area. The next day we spiked to 1.4037 before selling really set in. looking like a round number thing, perhaps more to it.

Am withholding judgment here until/if DX dollar index slips below 76.40 and watching actually this 1.3975 area closely to see if selling resumes.

Early morning American stock markets having their effects. Selling in the futures may be institutions actually being bullish and trying to shake loose some shares. This is Amateur hour so ??

Jury duty this week. Gotta go.

I prefer aiding disaster victims but note that the Yen rose 20% during the three month-period following the January-1995 Kobe earthquake.