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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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[quote=the deal]Don't forget the Fitch Warning----> Kenya to be Downgraded??? http://businessdailyafri.../-/lasa6sz/-/index.html[/quote] Shhh! Wacha 'doom and gloom';-) 'Bargains turning into premiums'. More of the same coming? GOD BLESS YOUR LIFE
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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No love lost bro...keep buying them at a premium...your premium will be my bargain . Thats how a contrarian role  when I say we have a bottom...better listen
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Jim Sinclair on gold & ponzinomics. To save ur wealth from the current devaluation, become your own central bank http://silverliberationa...d-by-james-turk.html?m=1$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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UBS CEO resigns. More than meets the eye this rogue trader story... http://www.reuters.com/a...bs-idUSL5E7KO0J420110924$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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And if skynews is to be believed, well here it comes... http://twitter.com/skyne...atus/117618605927038979
I will monitor TASE 25 index tomorrow's trading to see if this is fact or fiction... But definitely some nasty news will be coming from euroland on Greece in the next 3 weeks. Their 1 & 2yr bond yields are flashing default & with 4 CBs (ECB, BOE, SNB & BOJ) opening dollar swap lines with the Fed on Sept 15, that is as good as a hint the market can get. These coming 3 Sundays smell like a Lehman repeat back in 2008... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Hisah-they are saying default will take place in early November... Sehemu ndio nyumba
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Mainat wrote:Hisah-they are saying default will take place in early November... It doesnt seem so with the dollar swapline rushed setup.
BTW Morgan Stanley will be having nasty 'greecey' french banks fries.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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http://twitter.com/#!/EdConwaySky/status/117622519049101312 Weirdly, Greece is not being thrown out of the Euro. I thought the Euro had debt rules designed for this situation i.e. if you cross sudden debt lines... Sehemu ndio nyumba
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Mainat wrote:http://twitter.com/#!/EdConwaySky/status/117622519049101312
Weirdly, Greece is not being thrown out of the Euro. I thought the Euro had debt rules designed for this situation i.e. if you cross sudden debt lines... What do you expect of ponzinomics $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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@hisah,ponzinomics as you call it will still be with us,maybe in a modified form,What are the alternatives?...barter trade?
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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cnn wrote:@hisah,ponzinomics as you call it will still be with us,maybe in a modified form,What are the alternatives?...barter trade? End of the monetary system. It serves nobody. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Just had a look at the copper 5yr chart. A lot of air on it like the mumias 2yr chart, which pointed to a nasty price collapse. Copper will hit the bunkers soon to around 2.50 before selling pressure ebbs. At the moment spot price is @3.30. That means around a 25% down tick from 3.30. Copper shake down means recession trade on i.e. commodo & equity markets will continue lower.  http://ftalphaville.ft.c...g-scheme-is-a-big-deal/
Also the fact that JP Morgue opened a copper ETF the other day, copper will obviously experience a silver clobbering period... US vs Ching trade wars... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Interesting. Another crash in copper means a double-dip slowdown (& or shutdown of mines) for Zambia. That Rupiah guy was smart enough to peacefully leave the building. The King Cobra just venomed himself 
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Occupy wall street has managed to become a nuisance. Cops arrest protestors. That was a bad idea since lame stream media will now start coverage since they love drama as it sells like hot cakes... http://bit.ly/p2BCmr
http://bit.ly/nNUUJa
http://www.youtube.com/watch?v=umJ6co__lz8$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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So far at around noon, TASE is flat. Asia will also open trade flat unless some overnight news event arises from euroland. http://www.tase.co.il/TASEEng/Homepage.htm$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Comrade @hisah I get the feeling u r pleased at how the Ponzi is being un-wound.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Cde Monomotapa wrote:Comrade @hisah I get the feeling u r pleased at how the Ponzi is being un-wound. That I am. Kill off the ponzi runners to make the system all inclusive & fair. If not, just shutdown the system. Who needs to work to get by a particular way of life... A society paradigm shift away from this consumerism based economic model is a must in order to balance the planet. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote:Cde Monomotapa wrote:Comrade @hisah I get the feeling u r pleased at how the Ponzi is being un-wound. That I am. Kill off the ponzi runners to make the system all inclusive & fair. If not, just shutdown the system. Who needs to work to get by a particular way of life... A society paradigm shift away from this consumerism based economic model is a must in order to balance the planet. on my part, and out of this crisis, I just need that portfolio and FDI avalanche into SSA.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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hisah wrote:Just had a look at the copper 5yr chart. A lot of air on it like the mumias 2yr chart, which pointed to a nasty price collapse. Copper will hit the bunkers soon to around 2.50 before selling pressure ebbs. At the moment spot price is @3.30. That means around a 25% down tick from 3.30. Copper shake down means recession trade on i.e. commodo & equity markets will continue lower. http://ftalphaville.ft.c...g-scheme-is-a-big-deal/
Also the fact that JP Morgue opened a copper ETF the other day, copper will obviously experience a silver clobbering period... US vs Ching trade wars... A classic Eliot Wave Chart isnt it?
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Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi
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the deal wrote:No love lost bro...keep buying them at a premium...your premium will be my bargain . Thats how a contrarian role when I say we have a bottom...better listen Weren't we relying on a new sovereign credit rating for a Eurobond next year. I'd like to think there's still strong demand for African eurobonds from investors abroad ... anyone know? “We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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