Euro Doom: Germany wants Deutschmark back

[Aeon]

"In spring indebted nations such as Greece, Portugal and Spain nearly dragged the Euro zone into the abyss. It was only a seven hundred and fifty billion Euro bailout package that maintained the shaky balance. But many experts still believe what we've witnessed, is the beginning of the end. Some of them have gathered in Berlin. RT's Laura Emmett talks to Jurgen Elsasser, one of the organizers of the Euro conference."

--RT

 

[Aeon]

"A currency expert protesting against Greece's bailout says the bailout mechanism violates the provisions of the Treaty on European Union, and it may be a better option to stop the euro experiment instead. The European ministers recently agreed on a 110-billion euro rescue package for Greece, hoping this would prevent a default and stop the currency's crisis from spreading through the rest of the bloc, and Germany has been opposed to the idea from the very beginning. Dr. Wilhelm Hankel is one of the currency experts who filed a lawsuit in the German constitutional court against Greece's bailout. "The whole idea is illegal, because we have the treaty for the European community, and bailout is completely forbidden for a very simple reason: a country which can count on being bailed out will not follow the financial and monetary discipline, so no bailout is a precondition for a stable euro," Hankel said."

--RT

 

[Hyde]

Forget Euro.... want to become rich?

Step 1) Sell your house

Step 2) Invest 500,000USD of your money (that you got after selling your house) in forex tomorrow

Step 3) Invest all money on Buy USD/JPY @ current rate.....with stop loss of 77 and take profit 91

Double your money within next few weeks and you are a millionaire

 

[CardSharp]

Forget Euro.... want to become rich?

Step 1) Sell your house

Step 2) Invest 500,000USD of your money (that you got after selling your house) in forex tomorrow

Step 3) Invest all money on Buy USD/JPY @ current rate.....with stop loss of 77 and take profit 91

Double your money within next few weeks and you are a millionaire

What a terrible idea.

 

[Hyde]

What a terrible idea.

Well then don't sell your home
sell your shop instead

I was kidding bro......... Just invest any extra money you got and the you will make money as it is bound to rise anyway..... and i don't have to explain the reasons here as this is not a right place to talk about Forex and currencies

 

[SandsofTime]

Hey Zaki bhai, I have some spare cash to invest. What is the source of your news that Yen is going to rise?

 

[Hyde]

Hey Zaki bhai, I have some spare cash to invest. What is the source of your news that Yen is going to rise?

Oh please do not invest then

Just giving a short answer as i was in good mood when i wrote post number 3.

Yen is at its lowest since past 15 years or so. It reached 82.88 last week and 82.82 was lowest since post-war. When Bank of Japan intervened and depreciated its own currency due to the rising fear by its companies and export market. They intervened first time after 6 years (after 2004 when Yen reached 109) and sold its yen to depreciate its currency and suddenly it rose near 85.90 in one night or 24 hours. Next day it started appreciating again and Japenese Finance Minister insisted that they will intervene once again if it continued appreciating.

They don't want to see Yen fallings below 84 as it will result in thousands of job losses and export orders for Japan and may put Japenese economy in danger once again. They want to keep it above 88 and ideally 92+ in my opinion. So they are repeatedly issuing statements that they will intervene soon in the market if Yen continued to appreciate once again.

Its near 84.20 now and 82.88 is something they couldn't see last time when they intervened.

Can say a lot more - but no longer in good mood now

 

[Jigs]

Zaki you have to produce a book about this. Tell us your secrets.

 

[SandsofTime]

That means its bad idea to invest in Yen right now as Japanese are going to depreciate it. Oh well, gold is rising these days and predicted to hit a high of $2000 / ounce. Anyone in for a gold rush?

 

[CardSharp]

Well then don't sell your home
sell your shop instead

I was kidding bro......... Just invest any extra money you got and the you will make money as it is bound to rise anyway..... and i don't have to explain the reasons here as this is not a right place to talk about Forex and currencies

I understand your rationale for being bullish on the USD/JPY pair but to normal people with no experience in market, it's pretty dangerous. Or else everyone who watches MSNBC and Kramer would be a millionaire

 

[CardSharp]

That means its bad idea to invest in Yen right now as Japanese are going to depreciate it. Oh well, gold is rising these days and predicted to hit a high of $2000 / ounce. Anyone in for a gold rush?

Eventually but it can experience some major reactions before it does hit 2000 (and probably higher). The trick is in the timing.

 

[Hyde]

That means its bad idea to invest in Yen right now as Japanese are going to depreciate it. Oh well, gold is rising these days and predicted to hit a high of $2000 / ounce. Anyone in for a gold rush?

well why not trade Yen? its a golden opportunity to invest in Yen instead - i guess you didn't understand it fully

You see....either you will make money by buying Yen and selling Dollar....... or you will make money by buying dollar and selling yen..... One of them will depreciate while other will appreciate....so if Yen is expected to depreciate why not buy it from forex market?

Gold is near 1300USD for the first time and will surely drop back to 1200s soon. It may touch 1315 maximum and then back to 1280s. All indicators showing it at its peak so better stay away from Gold for the next coming weeks - if you ever intend to invest in Gold.

Buy gold when its at its low and after year its always 20-30% rise. It may touch 2000USD for sure but in year 2015 may be

 

[Hyde]

I understand your rationale for being bullish on the USD/JPY pair but to normal people with no experience in market, it's pretty dangerous. Or else everyone who watches MSNBC and Kramer would be a millionaire

This is my full time job....i earn my bread and butter (and also cheese hehe) from this Forex market only

Forex, Stocks, Futures, energies etc

 

[Hyde]

By the way.....Euro lovers.... Euro is a B I T C H
Stay away from it

I hate EUR/USD