Posts by "montmorency"

@Lucky: Had my doubts about that short you took, but (without knowing your exact entry) it should be somewhat in the money as I write this. Don't know about 1226 though.

Now they've pushed it up this far, surely it's going to turn again and reach, and exceed, 1250 before very long.

Credit to Ashraf here: He has said many times that whenever King speaks, Sterling falls.
Warning also in today's IMT.
(This could have changed this time, in the event of the new government, but evidently not).

@Stationdealer: I was not really getting at you, but it is the normal convention in web forums, as elsewhere, when quoting a piece of text, to give your sources (very easy when it is direct from the web), or to say whom or what you are quoting, or at least to put it in quotes to show that you _are_ quoting. Otherwise we don't know what is supposed to be your opinion, or your own research or whatever, and what is someone else's. Common sense, surely?

"cud [sic] have been useful to someone" - certainly, and even more useful if they know the source, so they can go look at it for themselves and read further, if they choose to, and also understand the context.

@Stationdealer: You omitted to mention that that is a quote from Zerohedge :-)
http://www.zerohedge.com/article/european-banks-now-feverishly-betting-against-euro-bailout-fails-gold-surges


Deja vu all over again.

BBC's take:
http://www.bbc.co.uk/blogs/thereporters/robertpeston/2010/05/eurozone_crisis_is_postponed.html

"Eurozone crisis is 'postponed'

Robert Peston | 07:21 UK time, Monday, 10 May 2010 "

[...]
"...So it'll provide comfort to those lending to - for example - Portugal, Ireland and Spain that there's a de facto guarantee from France and Germany behind the IOU's issued by Portugal, Ireland and Spain.

Three important caveats however.

The actual loans and guarantees may turn out to be harder to deliver than the words of comfort from eurozone government heads.

Second, EUR750bn is just over one-year's new borrowing by eurozone members and a bit more than 10 per cent of eurozone government debt. So it's certainly not enough if investors were to start to lose confidence in the ability of some big countries - such as Spain or Italy - to honour their debts.

Which takes us to the import third caveat. In the end, there won't be a cure for the underlying eurozone strains unless and until the record, unsustainable deficits of some eurozone members are reduced in a permanent way."