What's up with this Au this morning?

[osoab]

Why the pop? Euro crisis? I have not seen any real reason. Ag is up nicely percentage wise too.

Do we see the sell off once NY opens?

http://finviz.com/fut_image.ashx?gc.png&rev=634745663466262500 (http://finviz.com/futures_charts.ashx?t=GC) http://finviz.com/fut_image.ashx?si.png&rev=634745663466262500 (http://finviz.com/futures_charts.ashx?t=SI)

[Neuro]

Do we see the sell off once NY opens?

I hope so I am buying tmrw. So we probably will end up having a hundred dollar up day today!

[Glass]

The ECB has not moved on interest rates as the market seemed to expect it would.


ECB Keeps Rates Unchanged (http://www.zerohedge.com/news/ecb-keeps-rates-unchanged)
As largely expected, except for some die hard contrarians, and as we predicted, the ECB keeps rates unchanged, and checks to the Fed. Now everyone turns attention to 8:30 am press conference where those who provide investment advice based on coin flips what central bankers do, will pray to their assorted gods that Draghi will fix everything. Or at least something.

From ZeroHedge (http://www.zerohedge.com/news/ecb-keeps-rates-unchanged)


Also this is going on.....

The REAL Reason the EU is Implementing Border and Capital Controls

The following is an excerpt from my latest issue of Private Wealth Advisory. In it I outline two key developments in Europe which virtually NO ONE is talking about: the creation of border controls and capital controls. The political elite are doing this for only one reason: they know it’s GAME OVER in the EU.

The EU in its current form is finished. Done. Game Over. I’ve been saying this for months. But it’s a fact. Europe has literally run out of money. Indeed, the ECB’s interventions are now not only toxic for those participating in them (those banks taking money via the LTRO have been crushed in the credit market) but are losing their impact (LTRO bought only one month of market gains).

Again, the EU is finished. And the powers that be know this. Indeed, the following should give you an idea of how serious things are getting:

A Vote of No Confidence in Europe

Germany and France's joint proposal to allow Schengen-zone countries to temporarily reintroduce border controls as a means of last resort might sound harmless. But doing so would damage one of the strongest symbols of European unity and perhaps even contribute to the EU's demise.

Germany and France are serious this time. During next week's meeting of European Union interior ministers, the two countries plan to start a discussion about reintroducing national border controls within the Schengen zone. According to the German daily Süddeutsche Zeitung, German Interior Minister Hans-Peter Friedrich and his French counterpart, Claude Guéant, have formulated a letter to their colleagues in which they call for governments to once again be allowed to control their borders as "an ultima ratio" -- that is, measure of last resort -- "and for a limited period of time." They reportedly go on to recommend 30-days for the period.

http://www.spiegel.de/international/europe/german-and-french-proposal-for-border-controls-endangers-european-unity-a-828815.html

This story has been almost completely ignored by the mainstream media. Let me ask you this… do you think Germany and others are really concerned about an influx of migrants? Of course not, the whole idea is ridiculous. Italy was supposedly upset about 25,000 migrants from North Africa… Italy has a population of 65 MILLION!

No, the move to create border controls is about one thing only: stopping people from fleeing with their money when the collapse comes. The political elite in Europe are watching the bank runs in Spain and Greece and know that when the big Crash comes similar runs will occur throughout the EU.

Consider the following story and you’ll see what I mean:

Swiss eye capital controls if Greece goes

The Swiss National Bank is considering imposing capital controls on foreign deposits if Greece leaves the euro, as the franc comes under heavy demand from investors seeking a haven in Europe.

Speaking to Swiss media, Thomas Jordan, head of the Swiss central bank, said the Swiss government and the SNB were looking at ways of dealing with an expected flood of foreign money into the country in the event of a Greek exit from the eurozone.

http://www.ft.com/cms/s/0/d7678676-a810-11e1-8fbb-00144feabdc0.html#axzz1wNKR2leW

Potential border controls in the EU and capital controls in safe haven Switzerland to stop inflows of funds? If that doesn’t tell you point blank that the political elite in the EU are scared stiff, nothing will.




More @ ZeroHedge (http://www.zerohedge.com/contributed/2012-06-06/real-reason-eu-implementing-border-and-capital-controls)

[mamboni]

My instincts tell me that a major leg up is starting in silver and gold. Anyone who has been paying attention has to realize deep down that the entire paper money game is finished and just pretending to be alive. How many economic and sovereign debt crises does one have to witness until one understands that they will never end until the entire paper racket comes crashing down? People are waking up. The failed FaceBook IPO was a sentinel event signaling a major sea change in the masses and their world view. It would only take a few million enlightened investors out of the billions on this planet to empty the vaults in London and New York of the little bit of gold and silver bullion that they have left. Word has it that the bullion banks have been furtively pulling physical bullion out of the GLD to meet deliveries. Willie says 5000 tons of gold bullion have been transferred from western banks to the east since February 29. This is an extraordinary power and wealth shift. The day is late for the money changers. Blink your eyes and you could miss the meterioric rise in gold and silver price that is coming, very soon I think.

[osoab]

http://www.zerohedge.com/sites/default/files/pictures/picture-5.jpg (http://www.zerohedge.com/users/tyler-durden)
Silver Catches Up To Gold's Fears (http://www.zerohedge.com/news/silver-catches-golds-fears)
Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 06/06/2012 - 10:23 Equities, EUR, and Treasury yields have round-tripped from notable falls this morning to 'recouple' with Gold's relative stability but it is Silver that is running the show for now - up over 7.5% from pre-NFP.

[ximmy]

2897
http://gold-silver.us/forum/attachment.php?attachmentid=2897&d=1339004413

[mamboni]

2897
http://gold-silver.us/forum/attachment.php?attachmentid=2897&d=1339004413

This smells like POMO to me. The street is not buying stocks, that's for damn sure.

[Neuro]

Gold is coming down for my buy tomorrow. I am blessed! :)

[osoab]

Gold is coming down for my buy tomorrow. I am blessed! :)

You got your wish.


Bennie no printy. Down like a clown.

[mamboni]

These markets are so perverted and poisoned it's pathetic. The DOW, gold, and bonds react not to economic conditions per se, but when and how much the central banks will print. The markets are broken. And gold in a sense is being held hostage, pushed down by the central planners, denigrated by the elite's talking heads, and buttressed by physical demand from smart private investors and foriegn sovereign wealth funds.

[JohnQPublic]

I think Ben's lips moved this morning.

[Neuro]

You got your wish.


Bennie no printy. Down like a clown.
Yeah thanks a lot, down $37 since my buy! Bennie can go and fucky his carpet!

[Mouse]

I just bought last night. That's flipping why :(

[osoab]

I just bought last night. That's flipping why :(


I picked up some ASE's.