EUR

As leveraged EFSF has failed G20 ask german Bundesbank to get all their gold from the basement and give it to bankrupt ECB which will then capitalize EFSF. And SDRs, too.
Merkel listening Capt. Sensible's song "Fools gold" a gift from DSK for unforgettable hours and one night stands. Its only a matter of days then EUR will go up like a rocket because its now GOLD backed.

ah, i am tech man too, but not as smart as him. :)

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.

Yeah Q, don't rely on it, I did mark the next resistance so timing of risk off unknown but maye Monday will guide us :-)

this G20 may not give china IMF, and i just got dave email about risk off.

so, risk off eurusd/eurjpy down would be a good bet.

i prefer test 1.28 this time, only below 1.3 can make chinese rats think from their heads not joints.

btw, martin wolf said before about ezone crisis may solve in 2012, very respect for him.