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Euro slips as several Spain savings banks reportedly fail stress tests; official results due later across Europe - Reuters
If the market was really going to fall on Big Ben testimony it would have been down 300+.
Quit believing dumb things you read online
Just a another ATS bogus argument.
educated people wouldn't buy into this theory
What scenarios are they looking at?
This had not yet been disclosed by European regulators.
What is known is that there are three different scenarios being looked at:
*a "baseline" scenario that assumes a continuing recovery
*an "adverse" scenario, assuming a two-year double-dip recession
*an "additional sovereign shock", which includes some kind of financial crisis for European governments such as Greece, as well as the double-dip recession
The sovereign shock will involve a hypothetical fall of about 25% in the value of relevant government bonds.
Significantly however, banks may still be allowed to value these bonds at 100% if they say that they intend to hold the bonds until they mature.
In order to pass the test, banks must maintain "tier one" capital - the strictest measure of capital - equal to at least 6% of their assets (which are reweighted for this purpose according to their riskiness).
There are market concerns that the sovereign shock test may not be extreme enough.
Some investors think that a worst-case scenario could see Greece and several other European countries default on their debts and possibly also exit the eurozone.
Originally posted by GreenBicMan
reply to post by pause4thought
90% of the arguments presented are full of half truths and misconceptions. It goes for this whole website.
If you would like to debate any of the facts pertaining to the conversation allow me time to sharpen my blade.
Originally posted by GreenBicMan
reply to post by time91
You aren't getting it yet.
What makes the metals market so much more important than lets say the Sugar Market or Lean Hogs?
Don't you think it would be to the Fed's advantage to manipulate the markets with the least volume? Then take this money and either buy or sell dollars or move the US DX? Do you understand how much money flows through these markets and how impossible it would really be to unload the positions that would require this massive undertaking?
Look at these performances over the last quarter.. Data There is nothing special about gold or anything, all commodities move like this. And yet you still try and talk down to me? You can think of me as your god for now. Because I am miles past you and have probably done more research into global securities markets last week than you have in your entire life.
You haven't put any research into this, because if I really wanted to take the time to pull all the charts and totally pwn you I would. In reality, you have a long way to go. GL on your journey. Make sure if you ever have an opportunity for advancement in the financial industry you don't start with this in the interview.
In the end, here are the facts.
1) You have done no research. Reading ZeroHedge doesn't count.
2) You don't really grasp the flow of money from non-liquid contracts as opposed to liquid ones.
3) You have no idea what the derivative market is about. For a real explanation and a firm understanding you should visit the CME's website.
4) The US DOLLAR isn't in a bubble. What is the matter with you?
RESPONSE:
WTF! Really, please explain how it isn't a bubble with particularity?
5) I don't really doubt the existance of the PPT. More like JPM and friends.
6) There ARE FAR BETTER THINGS TO MANIPULATE THAN GOLD PRICE WHICH HAS ABSOLUTELY NO #ING BEARING ON THE US ECONOMY.
RESPONSE:
Are you kidding me? Your telling me that GOLD has absolutely no bearing on the U.S. Economy? Really, care to explain?
[edit on 22-7-2010 by GreenBicMan]
90% of the arguments presented are full of half truths and misconceptions.
Having worked for a large Australian Bank until June of 2009, My role was portfolio manager. It was a small portflio of $100m. I have watched this thread since it very first began. I left the bank and aqcuired a gold mine with a good resource. I can assure you , the filtering of information about the real situation is controlled from the the highest levels of the corporate world and by governement agencies and their advisors. The minds and analytical abilities on this thread, together with unbiased collation and presentation of available data is THE VERY BEST. The speculations are just.
It goes for this whole website.
If you would like to debate any of the facts pertaining to the conversation allow me time to sharpen my blade.
If the market was really going to fall on Big Ben testimony it would have been down 300+.
Originally posted by GreenBicMan
reply to post by wxguru
The US Dollar is in a bubble?
Where is the bubble?
What is your definition of a bubble? Because this chart does not show that. If you can find some evidence, please, fill me in.
RESPONSE:
Source: Barry Bannister, Stifel Nicolaus
This site explains the Dollar Bubble far better than I could.
news.goldseek.com/GoldSeek/1258739206.php
__________
You also contend somehow that gold prices have an effect on the US ECONOMY? Wow, laughable.
GDP through 2004
Does this look like the chart of historical gold prices? No...
So if we know that where is the correlation?
Originally posted by GreenBicMan
reply to post by wxguru
The US Dollar is in a bubble?
Where is the bubble?
What is your definition of a bubble? Because this chart does not show that. If you can find some evidence, please, fill me in.
RESPONSE:
Source: Barry Bannister, Stifel Nicolaus
This site explains the Dollar Bubble far better than I could.
news.goldseek.com/GoldSeek/1258739206.php
__________
You also contend somehow that gold prices have an effect on the US ECONOMY? Wow, laughable.
GDP through 2004
Does this look like the chart of historical gold prices? No...
So if we know that where is the correlation?
Originally posted by GreenBicMan
reply to post by wxguru
But yet you have nothing to back that up with do you?
Please, do some real research that backs up that last paragraph.
In essence in what you are saying is when the two move hand in hand it is "manipulation" (oh god) and when they are moving like you want them to it is normal?
So, in reality, you are just assuming you are always right? You can't be wrong because when you are it is someone else's fault (manipulation) and when you are right, well you are right? Does that just about explain it?
So 2003-2008 was total manipulation when the market was going up and gold was right? But 2008-2010 was not manipulation because stock prices were going down?
Do you see how you are just twisting things around to adhere to your hypothesis? Am I seriously the only one that sees this?
Originally posted by wxguru
Originally posted by GreenBicMan
reply to post by wxguru
But yet you have nothing to back that up with do you?
Please, do some real research that backs up that last paragraph.
In essence in what you are saying is when the two move hand in hand it is "manipulation" (oh god) and when they are moving like you want them to it is normal?
So, in reality, you are just assuming you are always right? You can't be wrong because when you are it is someone else's fault (manipulation) and when you are right, well you are right? Does that just about explain it?
So 2003-2008 was total manipulation when the market was going up and gold was right? But 2008-2010 was not manipulation because stock prices were going down?
Do you see how you are just twisting things around to adhere to your hypothesis? Am I seriously the only one that sees this?
RESPONSE:
I know, I know this is blogspot, but this guy hits right on the head with 2003-2008 scenario.
seekingalpha.com... g/426795-faisal-humayun/7318-dow-gold-ratio-and-the-silent-us-stock-market-crash
You see nobody was crying manipulation at this time because the market was going up or down incremently, and not huge wild swings. after 2008, the gold went up because it was a safe haven, and because gold has intrinics value. When the market began tumbling everyone was rushing towards gold, hence the big move up. In reality, the the market is very manipulative. You can sway it one way or the other by just speaking recovery or positive gains the market will shoot up. Why, because its looking for a positive guidance, something to make the investor and the markets feel ok. Its actually very simple.