OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Adios FXCM. Noticed Interactive Brokers down 10% as well. 2008 redux courtesy of the SNB?

Posted by Buygold @ 8:59 on January 16, 2015  

Largest Retail FX Broker Stock Crashes 90% As Swiss Contagion Spreads

Tyler Durden's picture

As we first reported last night, FXCM was among the first of many retail FX brokers (and the largest) to see its clients suffer massive losses from yesterday’s Swiss Franc surge following the SNB decision to unleash market forces. There are now at least 4 retail FX brokers (FXCM, Excel Markets, OANDA, and Alpari) who have announced “issues” but FXCM, being among the largest and publicly traded is the most transparent example of wjust what can go wrong when average joes are allowed 100:1 leverage. FXCM is now stuck chasing clients for money they do not (and will never) have.. and its stock is down 90%, trading a $2 this morning (down from $17 on Wednesday). As Credit Suisse notes, time is running out as regulators “tend to be impatient once capital requirements are breached.”

http://www.zerohedge.com/news/2015-01-16/largest-retail-fx-broker-stock-crashes-90-swiss-contagion-spreads

Silver Train

Posted by Maya @ 8:36 on January 16, 2015  

folder_xing

The Silver Bullet will be departing shortly.  All Aboard!

http://www.railpictures.net/viewphoto.php?id=441933

 

Gold’s Managers

Posted by eeos @ 7:58 on January 16, 2015  

The day the Swiss peg to Euro was announced, gold peaked at 1920? What does that mean now that its been removed?

XGLD

Slowly but surely the mad march to war continues.

Posted by Maddog @ 7:54 on January 16, 2015  

Ukraine President Signs Mobilization Decree: 50,000 To Be Drafted

http://www.zerohedge.com/news/2015-01-15/ukraine-president-signs-mobilization-decree-50000-be-drafted

Chalk another one up for the Barbarous Relic……a huge one !!!!!

Posted by Maddog @ 6:59 on January 16, 2015  

It’s a funny old world when frightened people turn to the Swissie, which the SNB is again mass-producing, rather than to gold, which nobody can mass produce. While the franc yields something to gold’s nothing, the spread is narrowing. And if as Thomas Moser, an alternate member of the SNB’s policy-setting Governing Board, suggested in a Sept. 10 interview with The Wall Street Journal, the SNB finally has recourse to negative rates, the barbarous relic will outyield the franc. Way back in the 1970s, relates Christopher Fildes, a delegation of foreign newspapermen were visiting the old Union Bank of Switzerland in Zurich. In response to a casual remark about the proverbial strength of the franc, a Swiss banker scoffed. “We do not say ‘as good as gold,'” declared this eminence. “Gold is not as good as the Swiss franc.” And now?

http://www.zerohedge.com/news/2015-01-15/blast-recent-past-jim-grant-nails-snb-decision

Sorry Equisetum, no knowledge of FCU but thanks for bringing that up.

Posted by macroman3 @ 6:01 on January 16, 2015  

Last time anyone in Kelowna made it big in mining was a dude at “Norm’s Manufacturing”.

I let you chew on that before I supply the answer…

Equisetum: 00:32 Fission

Posted by winedoc @ 5:57 on January 16, 2015  

Equisetum

Been out of uranium for a couple years

Hopes al’s well on the West Coast

Keep Stacking

Winedoc

Did You’LL Know

Posted by Ororeef @ 3:43 on January 16, 2015  

Obamas chief advisor is Iranian  !     Valerie Jarrett born in Shariz Iran ..she speaks  Persian .Has extensive links and relatives to Communist  (Stalinist Party)…..Has held secret talks with Iran …Is it any wonder  Obama has surrounded himself with Communists and ignores Western Leaders ?  She need to be run out of the Whitehouse …She needs to be Borked !   Where are the outraged  Republicans ? why arent they raising a storm of outrage ! and organizing Marches on Washington to rid it of Communists ……Putin must be Laughing his ass off !  the Irony !

She presided over Chicago SLUMS her Great Grandfather  was named after ..Robert Taylor….4400 Slum apartments…..

 

 

Wonder who the empty chair was for?

Posted by goldielocks @ 1:52 on January 16, 2015  

image

Macroman, winedoc. Are either of you watching Fission Uranium (FCU.TO)?

Posted by Equisetum @ 0:32 on January 16, 2015  

I ask you, winedoc, because you said a few times that you included the uranium sector in your investment horizon. I ask you, Macroman, because you may be proud of a Kelowna-based company. I like it when there are examples that not all Canadian resource companies need to based in Toronto, Vancouver or Calgary. I particularly like Saskatoon-based resource companies and I can cheer for Kelowna too.
At the moment I hold no shares in FCU.TO. In the spring of 2014 I was in and out of this stock, and then investor interest tapered off in mid-2014. Now it is in the news again with the recent results from exploration below Patterson Lake. Note the gap in the share price jump in recent trading. The excitement is about uranium content in the drill cores, but some cores also contain notable gold content. I am watching this one, but am patient about it because their future is dependent on a major to step in if there is to be any move towards production. Cheers. Equiz.

http://stockcharts.com/h-sc/ui?s=FCU.TO&p=D&yr=1&mn=0&dy=0&id=p21422437973

« Newer Posts
Go to Top

Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.