Haystack Q3 2012

[Rasta]

Earlier months in this thread:
Haystack June 2012
Haystack May 2012
Haystack April 2012
Haystack March 2012
Haystack February 2012
Haystack January 2012
Haystack December 2011
Haystack November 2011
Haystack October 2011

[bailouts4ever]

Austrian Billionaire kicks ass about ESM and debt politics in Austrian public TV:

One may or may not know Austrian self-made Billionaire Frank Stronach. Mr Stronach has managed to build himself a car supply empire known as MAGNA Group. A company with 115,000 employees and 30 billion USD revenues and NO DEBT, listed at the NYSE. See here: http://en.wikipedia.org/wiki/Magna_International

Stronach is known to be a tough guy and has just recently demonstrated how he kicks ass in an "interview" on ORF2. Funny to see that he starts talking before he has even been asked a question. When the reporter tries to intervene him taking initiative he brushes her off and keeps talking ruthlessly about lies, politics, debt, the financial system and the total disaster to come with the Euro.

Stronach as he states "...is always ready to tell the Austrians the truth..." and advocates founding a new party in Austria which is Pro-Europe but Contra-Euro.

See here:


Seems there is a growing number of people that try to "school the Austrian perspective"

[bailouts4ever]

Finland demonstrates "a tough line" against Euro rescue efforts and threatens to exit the Euro as "Finland will not hang itself to the euro at any cost and we are prepared for all scenarios":

http://online.wsj.com/article/SB1000142 ... 88446.html
http://www.independent.ie/business/euro ... 60735.html
http://www.zeit.de/wirtschaft/2012-07/f ... nzminister
http://www.faz.net/aktuell/wirtschaft/s ... 12533.html

Based on what the Finnish have done and said over the last two years in regards to the Euro rescue it seems that in the utmost European north there is still some sanity left...the further south you go the more craziness appears...

[bailouts4ever]

Public outcry after TV documentary "Der grosse Euro Schwindel" being aired in Germany:



In the TV documentary first aired last Monday at close to midnight in Germany the Euro, its design and the political powers (and lies) behind it are revealed. How tricks, cheats, lies and untruth were used to push the Euro onto the (European) people. It gets interesting when former German FinMin Hans Eichel clearly states the "he won't tell by which means he has tricked the Euro stability mechanisms repeatedly"...

"Everyone knew that the Euro had design flaws..." - but who cares...

[Rasta]

The Telegraph: The price of gold has been manipulated. This is more scandalous than Libor

[Indiana Jones]

The Telegraph: The price of gold has been manipulated. This is more scandalous than Libor

told you so ......

[Spruitje]

Eigenlijk moeten we d'er niet over mopperen, het geeft ons nog de kans om nog aan 'n redelijke mooie prijs bij te kopen.

[Rasta]

Eigenlijk moeten we d'er niet over mopperen, het geeft ons nog de kans om nog aan 'n redelijke mooie prijs bij te kopen.

It is all about eroding confidence in government and it's papers.....

[Rasta]

All aboard!

King World News: An Absolutely Stunning Development In The Gold Market

Today King World News is reporting on an absolutely stunning development in the gold market. Acclaimed commodity trader, Dan Norcini, told KWN, “The swap dealers, (which is) a category of relatively large traders and big banks, for the first time on my records, are actually net longs in the gold market.” Norcini also noted, “Even back in 2008, at the height of the credit crisis, when there was a huge change of ownership in the gold market and traders were just jettisoning positions, the swap dealers never made it onto the net long side in the gold market.”

[Indiana Jones]

Maybe .... just maybe .... we'll have a very long term bullish signal .... (symmetrical triangle)