Chinese shares drop in dramatic free-fall(-8.4%)

BBC ^ | 24 August 2015

[TigerLikesRooster]

Chinese shares drop in dramatic free-fall

24 August 2015

Chinese shares continued their sharp fall on Monday as concerns over the country's slowing growth and volatile markets sparked panic among traders.

The mainland benchmark index, the Shanghai Composite, fell sharply by 8.4% to 3,211.75 points, extending last week's sharp losses.

The sell-off continued despite China's latest attempts to reassure investors.

Over the weekend, Beijing said it planned to let its main state pension fund invest in the stock market.

[expat_panama]

make any sense that metals are taking a hit?

My thinking is w/ the fact that China's the world's biggest gold producer plus our upcoming rate-hike-at-all-costs means deflation --buying gold is for inflation.

[1010RD]

Nobody did better.

[expat_panama]

..... The pilot has put on the seat belt sign. Please prepare for turbulence.

--and ASSUME CRASH POSITIONS:

[expat_panama]

Nobody did better.

lol!  The good news is that our Fed is the best we can get.   The bad news is that our Fed is the best we can get.

[NeoCaveman]

The Chinese hold a lot of USA paper, when do they start cashing it in?

They can just sell them on the open market.

Or they can wait until they mature and the can get paper dollars for their bonds...

[NeoCaveman]

short China Short China SHORT CHINA BEAR BEAR BEAR

Already did. Symbol YANG. It's a triple levered inverse ETF to the Chinese market.

[expat_panama]

related thread GREAT FALL OF CHINA SINKS WORLD STOCKS DOW FUTURES -666 (Drudge Headline) http://www.freerepublic.com/focus/news/3328468/posts?page=1

[TigerLikesRooster]

DOW FUTURES -666

666, a number which will definitely leave a lasting impression.:-)

[expat_panama]

Symbol YANG. It's a triple levered inverse ETF to the Chinese market.

Neat!   There's even an upside one symbol YINN.

[NeoCaveman]

Here is what the last 5 days look like for YANG

[expat_panama]

Awesome!

[halo66]

LOL!!!! That is great! HAHA

[citizen]

That makes sense. Physical gold should be by definition a buy & hold asset.
Tho I’d hate for the SHTF and have it known that I have a trunk full of gold & silver coins.

[mad_as_he$$]

Excellent question. There are some possible answers but all of them point to a manipulated market.

[jonno]

“They have no immigration and in a century, Japan will still be Japan.”

Well “in a century”, they may not exist so much:
http://genderdebate.com/2015/08/04/japans-ticking-demographic-time-bomb/
http://www.atimes.com/atimes/Japan/GA05Dh02.html

[Lurkina.n.Learnin]

Did you have any problems?

Investors Report Problems With TD AME trade, Scottrade Amid Selloff
http://www.usatoday.com/story/money/2015/08/24/investors-report-problems-td-ameritrade-amid-selloff/32258207/

[expat_panama]

Fortunately no, but I’d already sold the last of my TDAmeritrade stuff a couple days ago. Today I just used my TDA stock streamer and it worked fine while I sold the last o’ my Scottrade etf.

[Albion Wilde]

BFL

[abb]

Did you completely liquidate, or cherry pick?

[Albion Wilde]

Can anyone who understands finance (not me) explain if this could be a manipulation related to Trump’s comments about wanting to exert more control over U.S. financial relationships with China? Or just an unrelated event?