Gold und Silber... Informationen und Vermutungen I

linar

Mit so einen Gehalt bist ueberall willkommen in New York.
Pass auf die Fuesse auf, der Glatzi ist es doch nicht wert.
Da sind so viele Gangster das dir der Absatz sicher kaputt geht.
Schade um den Schuh.....wir schicken Rocky Goldolla, der soll ihm auf die Birne hauen.

Fuer heute hat er aber genug.....
Die Leute wollen nur dein bestes,.... dein Geld !

gutso

Hoffentlich testet er nicht diesen Bereich und erobert die 400 zurueck... morgen am besten.

Heute ist der 13.....was will man erwarten ausser eine PPT show.

IMO der HUI ist jetzt eine voll gedrueckte Sprungfeder bei 392.

Der Schutzengel 400 hat eine freien Tag so wie es ausschaut, hoffentlich kommt er morgen wieder.

Great Depression drives Bernanke's rescue

http://www.telegraph.co.uk/mon…xml&CMP=ILC-mostviewedbox

Q & A: Central banks act on credit crunch

Last Updated: 6:47am GMT 13/12/2007

What did the central banks do yesterday?

The world's five largest central banks, including the Bank of England and the Federal Reserve in the US, have announced that they will pump billions of pounds into the money markets.

They hope to ease the credit crisis by making it easier for banks to borrow money.

The Bank of England is making £10 billion worth of loans available to banks and building societies at a base rate of 5.5 per cent.

Why did they wait until now?

Mervyn King, the governor of the Bank of England, believes that allowing banks access to cheap money would create a "moral hazard".

His theory is that giving banks a "get out of jail free" card in the form of guaranteeing cheap loans encourages them to take unacceptable risks.

What does yesterday's move mean for home owners?

It should mean that banks and building societies pass on the full benefits of any rate cut by the Bank of England.

Are there any downsides of yesterday's move?

Now that the Bank of England is prepared to step in when things get tough, will the banks take risks by offering mortgages that are too generous?

Will the cash injection lead to the end of the credit crunch?

No. There is a worry that the injection of funds is a symptom of the problem rather than the solution.

Banks are refusing to lend, not because of the lack of cheap money, but the fear that the US housing market is in a worse state than previously thought and that the housing market in Britain is about to head for a severe slowdown.

---------------

The ECB ($20bn) and the Swiss National Bank ($4bn) are playing a support-role in the latest joint action, backing the US move by offering dollar liquidity to European banks caught in the sub-prime mess. Part of the problem in August was that the Fed and ECB lacked swap arrangements, causing a mad scramble by European banks to obtain dollars. "The Europeans are acting simply as agents of the Fed," said Neil MacKinnon, a strategist at the ECU hedge fund group.

http://www.telegraph.co.uk/mon…2007/12/13/cnbanks213.xml

http://www.telegraph.co.uk/mon…2007/12/13/ccbanks213.xml

Morgan Stanley issues full US recession alert

http://www.telegraph.co.uk/mon…xml&CMP=ILC-mostviewedbox

Baby keep smiling you know the....$$$ falling

http://www.youtube.com/watch?v=HJ-O0AnxH58

del

We might pay you back all the Dollars when the Dollar is far-far less.

Super meine Herren !!

Gnomes of Zurich clock calamity in the making

By Jeff Randall
Last Updated: 2:17am GMT 13/12/2007

Over the course of several centuries, Switzerland's banks have become used to foreigners turning up with bags of loot. Not all arrive in Zurich to buy chocolates and cuckoo clocks.

As a haven of choice for "nervous money", Swiss deposit-takers have welcomed customers who, with good reason, disliked scrutiny. In no particular order of shame, they included the Nazis, Ferdinand Marcos, Haiti's appalling Duvalier family, Joseph Mobutu, who plundered Zaire, Nigerian dictator Sani Abacha and the Argentine military junta.

A tradition of financial discretion became formalised in 1934, when Switzerland introduced a banking secrecy law. That lasted until the mid-1980s, when enlightened local magistrates began helping Italian authorities to open up Mafia finances. The game changed again in 1998 with an anti-sleaze campaign and new laws to block money laundering.

advertisementOf course, not all Swiss banks are tainted by a history of dodgy dealings. And, to be fair, some have tried hard to make amends for past associations with ill-gotten gains. In 2000, UBS and Credit Suisse reached a $1.3bn out-of-court settlement with Holocaust survivors.

No amount of post hoc cleaning, however, can hide the fact that Switzerland's self-proclaimed reputation for being "the safest, most professional and prestigious banking place in the world", was built in part on the back of a willingness to regard cash as having no smell.

When super-rich foreigners had "a problem", the Gnomes of Zurich (as Harold Wilson called them in 1964) were more than willing to lend a hand.

Now, in a delicious reversal of fortune, it's Swiss banking that is desperate for help. The cash crunch, precipitated by America's mortgage crisis, has blown a hole in some hitherto rock-solid balance sheets.

As a result, the Gnomes (who in folklore live underground and guard treasure) have been forced to shove their wheelbarrows round the world's financial centres in the hope that kindly investors will chuck in some dollars.

Mighty UBS - formerly the Union Bank of Switzerland - has turned to the government of Singapore for a recapitalisation, after losing $13.5bn in the US sub-prime market.
The Singaporeans have injected nearly $10bn into the bank, with an extra $1.7bn coming from the Middle East (probably Oman).

It is another example of the extraordinary recalibration of power between Old World financial empires and state funds from emerging nations. Singapore's move comes shortly after the Chinese bought a stake in Barclays, and Abu Dhabi shored up Citigroup.

The first-aid package will be a huge blow to Switzerland's self-esteem, not least because UBS is paying 9pc interest for up to two years. This is close to a junk-bond rate. Not what you would expect from a blue-chip bank.

Switzerland cannot afford any lasting damage to its financial services industry, which represents more than 15pc of the country's output and about 200,000 jobs.

In uncertain times, Switzerland's sales message has been: we understand money, so let us look after yours. It worked. Almost one-third of the world's private banking market is thought to be controlled by Swiss institutions.

As with their watches, the Swiss like us to believe that their banking businesses perform with unrivalled precision. But how many of those professionals who have recently poured fortunes into UBS would have done so had they known their cash was being punted on trailer-trash properties in Palookaville?

Indeed, how many UBS directors really understood what the bank was buying when it waded into low-grade American mortgages? The same question might be asked of Credit Suisse, which lost $1bn on sub-prime assets.

I don't imagine for a moment a run on a Swiss bank to match the unravelling of Northern Rock, but the job of the sales team at UBS's wealth management division has just become a little more difficult. That said, with Merrill Lynch, Morgan Stanley, HSBC, Bear Stearns, Deutsche Bank, Bank of America, Royal Bank of Scotland and Barclays all admitting to heavy sub-prime losses, it's getting harder for the risk-averse depositor to find a home.

The speed with which the turmoil in America has shaken foundations in Europe has stunned seasoned observers. Only two years ago, the BBC business website reported: "Banking boom boosts Swiss banks", after Credit Suisse had announced a 42pc jump in profits and UBS a 71pc increase.

Had you told shareholders then that UBS would wipe out an entire year's profits on collateralised debt obligations (CDOs), not only would most not have believed it, they would not have recognised the term.

Under fire from press and investors, UBS's chairman Marcel Ospel insisted on Monday that he is keeping his job in order to be "part of the solution". For those who find his obduracy surprising, there is a clue to how Swiss bankers think in an anagram of Gnomes of Zurich: Rich Sum Fog Zone.

Klasse Entwicklungshilfe Swissies, wir haben das Haus und ihr schreibt die Verluste.

WE APPRECIATE YOUR MONEY TOBLERONE !!

Bei Jim Sinclair steht heute alles drin was los ist, ich lege nur den teil rein.

Dear CIGAs,

The dollar is up and therefore gold is down. There are significant profits long of gold and short of the US dollar. This is one of the reasons for the violence in the marketplace, but the report below is NO reason for dollar strength.

When the analysis of the report is done you will see a differential in days and other factors designed to make things looks better as the balance act is between keeping the general equities up, the bond market calm for TIC purposes and fighting the greatest financial crisis in history under the cover of better times. This balance is not containable.

If you believe that the US is headed for increasing consumption I will sell you a bridge in Brooklyn, NY.

There is no firm basis for the dollar rally other than short cover to lock in profits before year end by institutions. The managers do not get paid unless the profit is booked. Since the dollar rally has no sustainability, gold has NO sustained ability on the downside. As we speak, I am getting executions on Feb gold purchases at $799.90.

The media analysts are gleefully dismissing any thought of a recession and hailing a return to the good old times. That is total madness.

There are two comments I can make:

Be calm as today is but another passing cloud you have seen a million times already as gold heads toward $1050 and on to $1650
If you have a knot in your shorts (pants) it means you cannot stand the heat. If you do get out of the kitchen and please, please do not return.

more...

http://jsmineset.com/