I have been watching the June bond for a couple of weeks. Same story. I will confirm tomorrow.

rno

The Swiss National Bank has lost control. It is the latest in a list of venerable central banks to be overwhelmed by deflationary forces and global economic disorder.

The country is already in deflation. The Swiss franc ended Thursday 13pc higher after the SNB abandoned its three-year efforts to defend a currency floor of 1.20 to the euro. “We have a free exchange rate once again,” said the SNB’s president, Thomas Jordan.

Indeed, but nobody is fooled by the SNB’s attempt to spin this as benign. “This is a huge hit to their credibility,” said Deutsche Bank.

The official statement claimed that the exchange floor is no longer needed and that “overvaluation has decreased as a whole since the introduction of the minimum exchange rate”. This is eyewash.

“They have had to throw in the towel. They couldn’t hold the line anymore,” said David Owen, from Jefferies Fixed Income. “This is going to cause extreme pain for parts of the Swiss economy but the SNB are trapped.”

more http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/11348809/World-deflationary-forces-have-swept-away-Switzerlands-defences.html

Ipso, to answer your question, not that I can determine so far. The person does post charts occasionally but on the level as far as I can determine…… so far……but I’ll be watching.

Commish, thanks!! I think there are many from Princeton University and I also think they are involved in the market planning, rigging, and manipulation.   Silverngold

I learned my lesson the hard way back in ’08 and just stick with physical.  Besides, I think that all paper is going to burn eventually.

Don’t think Armstrong is affiliated with Princeston University,   looked that up once. He calls his business Princeton economics that’s all. Why I don’t know but as far as I know now he calls it Armstrong economics.

have you ever seen markets like these? The June 30 year bond is 14 points higher than the March bond. If that holds until the March expiration, the line on the continuation chart will look like the Swiss franc.

the stock index futures continue to crash in after hours trade.

rno

Too busy for that and in December nursing and working with a badly sprained foot real bad but worked anyways plus running to different relatives. I just watch the charts when I can and stay away from options a lot of tricks going on there to bid them up. Unless you have fast trading platform and know what your doing which I don’t renember much now but best to stay away less you do.  You can make money fast but you can lose it fast too. It’s just not as easy know which way a sector gonna move.

The Greek Bank Runs Have Begun: Two Greek Banks Request Emergency Liquidity Assistance

continue to fall in after hours trading. The Nasdaq has penetrated some major support and just waiting for the other indexes to follow. The dominoes may be starting to fall in rapid succession. Boxed beef was at record highs and feeder cattle were limit down with expanded limits. Markets that go limit down on good news can go way past reasonable. Cattle futures are significantly below cash and refuse to rally.

everyone please post as the financial dead bodies start floating to the surface. We should get some early names next week.

rno

I hear Tom Toms in the forest! The creatures skitter and flee.

FROM MURPH TONIGHT:

Gold bears like Deutsche Bank should be sitting up and paying close attention right now. The 30% appreciation of the CHF in a nanosecond is a mere warm-up for what gold will do when the physical ammo runs out. The cartel’s biggest nightmare is a replica performance with gold. Imagine when gold suddenly goes from $1250 to $1650- and still no offers. Any wonder gold has had such relentless derivative pressure and 24/7 MOPE? A severe dislocation higher in gold would make the derivative carnage in crude look as calm as butter futures.

Anybody not getting the hint that gold is THE safe haven right now deserves to get the financial ass kicking that’s coming. With the crude oil derivatives train wreck still unfolding you can now add a tectonic shift in currency derivatives to the trouble brewing. It all leads to one outcome- global CTRL-P, and lots of it. One thing for certain: cascading defaults and daisy chain reactions are now all but guaranteed.
James Mc

Donald Rumsfeld. Class of 1954.

Is there a poster here who is sabotaging our sanctuary?

Back in December, we warned that gold would produce a pop and that the main resistance was in the 1250-1275 level. We now need a closingABOVE 1250.50 tomorrow to confirm a further advance is possible. This is part of the interconnections. This forecast for a pop in gold into January was not “opinion” and it most definitely was not based upon any fundamental. Gold was basing even when the dollar was rising because the capital flows were sensing major problems in Euroland. I have warned that gold isNOT A HEDGE against inflation, it is a HEDGE AGAINST GOVERNMENT and that is what we are watching – the European hedge at the moment against the collapse of the Euro. In this context, gold and the dollar can rise together. Gold is not only a dollar influenced commodity.

Hopefully, people will start to notice that it is futile to argue against me when this is not my personal opinion. It is irrelevant as to what anything“thinks” v another or to pound one’s chest that they are right and everyone else is wrong. This is about reaching a new understanding that we ALL NEED EACH OTHER and the free movement of capital is essential to world economic growth and sustainability.

PopulationOfRomeRaising taxes reduces disposable income and that can ONLY reduce economic growth. France with its insane 75% tax rate sent hoards of French to move to London abandoning their homes in Paris renting them out really cheap because they could not sell them. This isPRECISELY the deflationary aspect created by taxes and this is how Rome collapsed.

Theories about money supply have misled countless people and most of the manner in which analysis is conducted on a domestic level, prevents us from advancing economically from here. Politicians run promising to change whatever domestically, which may not even be possible given the global trend.

3Monkeys

We have so much to learn and it seems there is no incentive to make that small step forward to save ourselves and our posterity from the same repetitive nonsense that clouds our future. We remain blind, deaf, and politically-muzzled with little hope of making life better. Political-correctness in analysis is killing us. It certainly is reducing our ability to survive what awaits us ahead.

Well Gold has done it’s thing.  Now it’s time for SILVER to catch up.

Something Wicked this way comes…

http://www.railpictures.net/viewphoto.php?id=275705

Alan Greenspan, Ben Bernanke, and MARTEN ARMSTRONG, all affiliated past or present with Princeton University. Also there is at least one poster (possibly more) on the Oasis with an affiliation with Princeton University. Maybe it means nothing and then again maybe it means everything!!

Silverngold

@ FL Gold…many thanks.  What this poster wrote is what I thought it might be about:

“Seems to me that since this was not implemented on the way down, they must be expecting huge leaps up in price and they are expecting it to happen very soon! They will not ultimately be able to control the price as they hope to.”

@ Goldi…I’d ask the local raccoons before I’d ask Armstrong, lol.

Imagine the conversation between the Buba and Draghi right now……they will go ape if he starts QE after the Swiss move. while every bank/hedge fund is long tons of shit ready to sell it to the ECB…..hence Goldmans pathetic comment that the Swiss move is because of a huge ECB QE…….

I would not want to be down wind of GS tonight…..

Dollar well bid…..good

Rates on their arses……good

Oil on it’s Arse……good

PM’s thru da roof……very, very bad

SM not looking clever, near major break down levels…….bad ( tho well done for getting the S&P up 7 pts after hours )

Folks we’re looking at pink slips here, if PM’s can Arb against the SM…..as you know that is our ultimate nightmare and with the Swiss raising the white flag tdy…….suddenly life ain’t so grand…….

So, Eric, all arguments and propaganda by the Swiss National Bank during the Swiss Gold Initiative were total lies. The Swiss National Bank said the Gold Initiative was ‘dangerous because the peg would not hold if the Gold Initiative was passed.’ They also said they ‘will use any means to defend that peg for future years.’ They also said there would be ‘massive job losses if the initiative passed.’

Nightmare Prediction Of Euro/Swiss Franc Collapse Unfolds Within 45 Days

I wrote a fictitious memo from Thomas Jordan, the President of the Swiss National Bank, and published it on December 1st. This is a quote from that piece and this is what Thomas Jordan said:

“The reason I’ve been so nervous about the referendum is that the (Swiss National) Bank is now sitting on the biggest speculative currency position of any major central bank in the world. Our balance sheet is 522 billion Swiss francs and over 80 percent of Swiss GDP, which is an extremely dangerous position for our country. It’s virtually impossible to get out of this position without a loss of tens of billions of francs or even as much as 100 billion.”

He goes on to say in the fictitious memo I put together:

“The 1.20 peg is artificial and throughout history no currency peg has ever held in the longer-term. Our 470 billion Euro/Swiss franc speculative position is a time bomb and we know we will never be able to extract from it without major losses. Hopefully the current board will have retired from the (Swiss National) Bank before his happens.”

Eric this is what I wrote on December 1st as a fictitious memo and this is exactly what has happened. It was totally predictable. But the Swiss National Bank was in total denial about this. And now they are sitting on losses of at least 80 billion Swiss francs.

Man Who Predicted Collapse Of Euro Against Swiss Franc Gives More Shocking Predictions For 2015

gas has some moving averages crossing to the upside. May be a good move coming.

rno

I really need to do a lot more clicking around the Oasis Forum to learn the ropes here.

I see Wanka beat me it. It’s nice to have you in the chat room, I was complaining for years that you needed to join us over here

Don’t know about it. Maybe ask Armstrong since he says they don’t manipulate lol first glance maybe their working on dollar but that doesn’t currently need help maybe signs to come later. But end of year we could have a drop. Could as I’m not charting that much forward right now to a great degree. If they could destroy the gold market they would just like anything else that could give people a out from their destructive habits.