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Tuesday, August 2, 2016

WINGIT UPDATE, 2 AUGUST

Beagleeyes: Folks: Yen at 100.94 !!!

Fishman:  Beagle, almost at the tipping point!

Beagleeyes:  Fishman with NIKKEI at -244.32 I would say we are there. All of the three US Markets are in the red as well as ALL of EU markets. Some one just has to cry "UNCLE!"

Snowbunny:  Fisherman. What would you say is the tipping point and why? I'd love to learn

Fishman:  Snow...long story but the yen breaking 100 will force Japan to start a liquidation process that should be favorable to currency holders

Chief53:  Yen right now @ 100.88… We are close… I know there has been a lot of false starts on this thing but I do believe we are about to take off!....

I'm looking for a conclusion in the middle of the night....TONIGHT!!!




Gatorfan:  Chief... All markets are red right now !!!!

Chief53:  On the Japanese bonds crashing, that's exactly what we are looking for. Bonds crashing will cause the derivatives to go belly up and, "Wal-la!" here comes the GCR to save the day and bring back cash reserves for the banks that can't survive when the derivatives default. The derivatives are listed as assets by the bank when they are actually liabilities.

LIA: Japanese Government Bonds Are Crashing ~ AUGUST 1st, 2016

 Japanese Government Bonds Are Crashing

Ahead of tonight's 10Y JGB auction and reportedly the unleashing of Abe's fiscal stimulus, it appears the world's investors are losing faith in the Bank of Japan's buying power and the MoF's credibility as Japanese government bonds are collapsing for the 3rd day in a row. With the biggest crash in prices (JGB Futures) since May 2013 (back to 5 month lows), yield across the entire JGB curve are exploding higher since Kuroda punted last week and questioned monetary policy effectiveness.
 
As the world awaits Japan's over-promise and under-deliver fiscal stimulus...
 
*SAKAKIBARA SAYS HE DOESN'T THINK ABENOMICS HAS FAILED
 
*JAPAN FISCAL STIMULUS PLAN ALREADY PRICED IN, SAKAKIBARA SAYS
 
*ABE STIMULUS PLAN WON'T HAVE A MAJOR IMPACT, SAKAKIBARA SAYS
FOR THE FULL LENGTH ARTICLE, AND ALL OF THE CHARTS, GO HERE: 

http://www.zerohedge.com/news/2016-08-01/japanese-government-bonds-are-crashing

**************
 
THE WINGIT CALL AUGUST 2nd,  2016 ~ 3:30pm EST ~

Guest pin code: 623546# ~

Primary Call in Line: 425-440-5100 ~ 

Secondary Call in Line: 682-233-7292 ~

COMPUTER LINK: http://iTeleseminar.com/87711906

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