Posted on 06/29/2015 4:26:42 AM PDT by expat_panama
Deja vu replay time, here's where we are at a couple hours before opening bell (from here):
Financials +0.96% |
Softs +0.44% |
Meats +0.03% |
Currencies -0.02% |
All Markets -0.14% |
Grains -0.30% |
Metals -0.48% |
Energies -0.86% |
Indices -1.12% |
It times of fear, what do the big boys buy?
If any other explanation makes sense, I'd like to know.
The markets discounted for Greece a long time ago.
Someone get the Austrian translator in here!
Our 'not making sense' list ought to have "rigged" right up there at the top. Let's think together. In a market the only way to lower prices is to offer to sell at a lower price. If our "big guys" sell at a lower price then they've lowered the market transaction price. That also means they can't buy.
Why can’t they buy? If metals are sold at an artificially low price, they can buy metals and dump stocks before everyone else does if there’s a crisis. I read somewhere that the per-ounce cost of silver is less than it costs to mine and mint it. Does that make any sense?
Yeah, we need someone who speaks Austrian to help us with talking to the Australians...
This is more concerning to me than Greece
China Stocks Fall Into Bear Market as Rate Cut Fails to End Rout
http://www.wsj.com/articles/asian-shares-fall-as-greece-unravels-1435540973
Who? Are you talking about the "big guys"? Are we saying the big guys sell to artificially lower the price and they also buy at the same time? The way transactions work is someone has to buy at a price that some other seller wants and can't get elsewhere.
btw, while our friends in the futures markets are making contracts assuming a lower metals price, right now gold is trading $5/oz higher than it closed last Friday.
So much for futures traders....
--and rate cuts always boost the stock market!!!
“with yields on Greek government debt spiking. The 10-year yield hit 14.5 percent, up 367 basis points - its highest level since December 2012. “
I can’t figure out why yields aren’t at least 8000%.
Yeah, that rate level suggests that bond traders see say, only a one out of ten chance of default per year. Traders can’t be idiots. At least not for long that is...
Gold is down. NUGT is at a 5 year low. Why isn’t gold a safe haven? The only thing on my radar looking good is TZA.
Because it is priced in dollars and the dollar is going UP on Euro troubles.
Your gold would be doing great if you had bought it in Euros and were converting it as such.
10 yr note was up big today.
Added to my portfolio of RDS/B today.
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