Haystack May 2012

English language haystack
bailouts4ever
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Re: Haystack May 2012

Post by bailouts4ever » 17 May 2012, 18:11

So much for the gold on own soil. It is .... all promises it seems.

ZeroHedge: Bundesbank Confirms German Gold Held By FED, BOE and Banque De France
That's no news really. It has been an open secret for two decades now. Nobody cares as "gold is just a relic" and "building a story facility within Germany is too expensive".

I guess it is just a form of German efficiency to not spend money on building a vault that would not contain anything anyways. Much more efficient than keeping a expensive vault, let's say in Kentucky, with nothing in it... :D
0.00 € is what your account statement will show on a long enough timeline.


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Indiana Jones
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Re: Haystack May 2012

Post by Indiana Jones » 17 May 2012, 21:26

Norcini – If This Happens, It Will Signal A Collapse

May 11, 2012, at 11:18 am
by Eric King in the category King World News, Trader Dan Norcini

Dear CIGAs,

With global investors concerned about key markets, today King World News interviewed legendary Jim Sinclair’s colleague and fellow trader, Dan Norcini. Norcini told KWN that a decisive break below the 1.8% level on the US Ten-Year Note would signal that a tsunami of deflation could engulf the globe. Norcini said this could trigger “a collapse in tax revenue” and budget deficits would “blow out of control.” Here is how Norcini described the precarious situation: “If we see the yield on the US 10-Year Note break below the 1.8% level, what it’s to signal to bond traders around the world is that we have a deflationary wave coming. I think the reason the 1.8% level has been a floor so far is because most traders are convinced the Bernanke-led Fed will not allow deflation to occur.”

Dan Norcini continues:

“If you look at the following weekly chart of the US Ten-Year Note, notice the yield has never closed, on a weekly basis, below the 1.8% level. It has penetrated that level on more than once occasion, but always recovered to close back above that level by Friday.

If we were to see a weekly close below the 1.8% level, that would definitely confirm the market would be expecting a serious bout of deflation. When the Citibank analyst, Fitzpatrick, mentioned in his KWN interview that the US Ten-Year yield could fall to as low as 1.15%, people have to understand that the conditions around the world would have to be absolutely horrific for that to occur (see chart below).

Image

If we hit Fitzpatrick’s 1.15% target area on the US Ten-Year, you would be talking about global conditions that would literally be terrifying. Just imagine what the unemployment numbers would look like. Conditions would have to deteriorate horrendously. Think about the collapse in tax revenue. The budget deficit would blow out of control….

Click here to read the full interview on KingWorldNews.com…
http://kingworldnews.com/kingworldnews/ ... lapse.html






======================================================================================
Click here to follow the US-10-YearNote-Yield

http://finance.yahoo.com/echarts?s=%5ET ... =undefined;
======================================================================================


today, Thursday .......

CBOE Interest Rate 10-Year T-No (^TNX)-Chicago Options
1.7020 0.0630(3.57%) 2:59PM EDT
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But since no one was listening, everything must be said again.

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Rasta
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Re: Haystack May 2012

Post by Rasta » 18 May 2012, 21:05

Posted earlier on ZeroHedge, I went throughout the documentary The Weight of the Nation.

It is a very interesting documentary, in itself for the subject it touches. Our society (America foremost, but Europe following close behind) is structured to be vulnerable to this problem.

Off-topic, but still applicable, if you watch the full documentary, and start to wonder what the problem of a price induced currency inflation will do. It is the background, the people in hidden poverty, which makes you feel a hugh part of the US society is already on the brink of disintegration. The challenges in the coming years ahead, is making it all a very grim scenario.



More info: theweightofthenation.hbo.com
Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair

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Indiana Jones
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Re: Haystack May 2012

Post by Indiana Jones » 18 May 2012, 21:19

One could ask himself Who is obese .....

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Rasta
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Re: Haystack May 2012

Post by Rasta » 19 May 2012, 14:21

The Fuse is Lit: Part 1 - European Perils
A series of 3 DVD's by McAlvany Financial Group

Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair

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Rasta
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Re: Haystack May 2012

Post by Rasta » 19 May 2012, 20:32

From the man who has seen it all happen before:

Gonzalo Lira - Structural Pliancy

A must read, as Gonzalo is telling the similarities of now and then first hand experience!
Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair

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Rasta
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Re: Haystack May 2012

Post by Rasta » 21 May 2012, 17:00

Recap of Currency Wars in 6 minutes, by Jim Richards
Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair

bailouts4ever
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Re: Haystack May 2012

Post by bailouts4ever » 21 May 2012, 18:52

0.00 € is what your account statement will show on a long enough timeline.

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Rasta
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Re: Haystack May 2012

Post by Rasta » 21 May 2012, 20:24

Whoops, the gold isn't there in Switzerland either.

King World News: Greyerz - Customer Shocked “Allocated” Gold Not in Swiss Bank
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Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair

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Indiana Jones
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Re: Haystack May 2012

Post by Indiana Jones » 21 May 2012, 20:27

Image
Everything that needs to be said has already been said.
But since no one was listening, everything must be said again.

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