Global Macro Trading Journal

[cvds16]

ralphooooooooooooo get a clue ... I worked for a bank in the past, you don't know how they work from what you write ...

 

[gmst]

I sold all my physical silver today, hoping to re-establish the physical position sometime next week at a much lower level.

Edit: Central bankers are becoming pro-active. I thought this would have happened sometime next week, but ahh i was so wrong!!

http://www.reuters.com/article/2011/08/06/us-crisis-g-idUSTRE7751CG20110806

 

[Daal]

Quote from gmst:

I sold all my physical silver today, hoping to re-establish the physical position sometime next week at a much lower level.

Edit: Central bankers are becoming pro-active. I thought this would have happened sometime next week, but ahh i was so wrong!!

http://www.reuters.com/article/2011/08/06/us-crisis-g-idUSTRE7751CG20110806

Markets are quite oversold and there should be a global effort to plunge protect. A sell-off on monday should be bought

 

[Daal]

Now THIS is bad news. Downgrade is meaningless
http://www.zerohedge.com/news/it-ju...too-big-efsf-save-refuses-carry-euro-bailout-

 

[Debaser82]

Quote from Daal:

Now THIS is bad news. Downgrade is meaningless
http://www.zerohedge.com/news/it-ju...too-big-efsf-save-refuses-carry-euro-bailout-

It is just jawboning as always.

Remember... Euro members were not allowed to have debt to GDP higher then 60% or bigger deficits then 3%.... And Germany was the first to break those deficit rules....

Or how about the ECB buying bonds.... That would have been deemed unimaginable just a few years ago....

We will see what happens but headlines like that are by no means that significant.

 

[Daal]

I can't find this news confirmed anywhere, even the spiegel site

 

[m22au]

Quote from Daal:

I can't find this news confirmed anywhere, even the spiegel site

The ZeroHedge article says it was on Dow Jones Newswires.

So I found it via a Google search:

http://futures.tradingcharts.com/ne..._Big_For_EFSF_To_Save__Spiegel_162804168.html

"Germany's government thinks Italy is too big for Europe's rescue fund to save, Der Spiegel magazine reports in a preview of an article to be published Monday. "

 

[ralph00]

It's on the Der Spiegel site ... from Google Translate ...

http://translate.googleusercontent....0.html&usg=ALkJrhjXTvdHHOZd2-_szdfcZAfWp91qBA

 

[m22au]

Quote from ralph00:

It's on the Der Spiegel site ... from Google Translate ...

http://translate.googleusercontent....0.html&usg=ALkJrhjXTvdHHOZd2-_szdfcZAfWp91qBA

It this the article Ralph?

http://www.spiegel.de/international/world/0,1518,778667,00.html
(in English)

 

[Daal]

If Italy is really fiscally sound and will get a surplus by 2013, I REALLY doubt they won't make a bridge loan if their bonds sink