I don’t normally entertain fundamentals for trading strategy, but this Soros thing is interesting in itself, personally I don’t see the end of the EURO, it will survive, I have no doubt about it, in which form, who knows? country may drop out and pop back in again, but it will survive.
So I suppose I disagree with Mr Soros, I mean what does he know, all he did was bet a big fortune on a sure thing, the EURO downfall is certainly not a sure thing.
When the headlines say “Nothing is wrong with the Euro”, it is time to short the rally that follows. I have done this 3 times over the last few weeks. Take everything you read with a grain of salt.
a ‘grain’ of salt!!! Don’t you mean a bucket or a lorry load 
?
Hi PPF
I admire your style of trading. Have you had a chance to see how I trade?
Grain of salt
From Wikipedia, the free encyclopedia(With) a grain of salt is a literal translation of a Latin phrase, (cum) grano salis.
Since in Italy “to have salt in your pumpkin” (avere sale in zucca - pumpkin is a funny way to say “head”) means to have intelligence and reasoning capabilities, “grain of salt” often means “a little bit of intelligence”. So, “cum grano salis”, in its Latin form, it is often used when it is needed to show that intelligence and personal judgement are needed, as in “I drink wine cum grano salis since I must drive” (with care, moderately) or “please, repair this electric cable cum grano salis” (not scanting, thinking to the consequences or dangers). “Cum grano salis” means - like in modern English “with a pinch of salt” - that something should not be taken too literally.[1]
The phrase comes from Pliny the Elder’s Naturalis Historia, regarding the discovery of a recipe for an antidote to a poison.[2] In the antidote, one of the ingredients was a grain of salt. Threats involving the poison were thus to be taken “with a grain of salt” and therefore less seriously. An alternative account says that the Roman general Pompey believed he could make himself immune to poison by ingesting small amounts of various poisons, and he took this treatment with a grain of salt to help him swallow the poison. In this version, the salt is not the antidote, it was taken merely to assist in swallowing the poison.
I wonder if Soros knows that! great stuff had to read 3 times before I understood it, might read it again actually!
Wouldn’t you like to know how many billions of Euros Soros has sold short?
Don’t you think Soros wants another “big one” so his Pound trade wouldn’t be considered a fluke?
Does it matter how many billions short? If he would have enough to start the move he can just re-short and re-short.
He probably does, I can see the headline now ‘He said So’ and just happened to take a few billions on his way.
Sure they could. But why would they?
That aside, the only real money which will survive the paper bubble is gold and silver. Just a matter of time. Dollar, Euro, … all will be gone. Or is anybody here who would like to pay the trillions of debt back? I guess Bernanke and Trichet are not that rich. 
About the time that the euro was launched, Lady Margaret Thatcher, Former Prime Minister of Great Britain, said this about its prospects:
“The European single currency is bound to fail, economically, politically and indeed socially,
though the timing, occasion and full consequences are all necessarily still unclear.”
Thatcher had trouble finding anything good to say about continental Europe, and occasionally she really unloaded on them. As in this gem:
“During my lifetime most of the problems the world has faced have come, in one fashion or other,
from mainland Europe, and the solutions from outside it.”
Got to love a feisty leader who tells it like it is.
Astute observations and analysis.
Soros is typically pessimistic. Lately, he’s [I]really[/I] pessimistic.
I’ve just finished reading his latest book. Here are a couple of paragraphs:
"We are at a moment in history when the range of uncertainties is unusually wide. We have just passed through the worst financial crisis since World War II. It is quantitatively much larger and qualitatively different from other financial crises. The only relevant comparisons are with the Japanese real estate bubble, which burst in 1991 and from which Japan has still not recovered, and with the Great Depression of the 1930s. What differentiates this crisis from the Japanese experience is that the latter was confined to a single country; this crisis has involved the entire world. What differentiates it from the Great Depression is that this time the financial system was not allowed to collapse but was put on artificial life support.
In fact, the magnitude of the credit and leverage problem we face today is even greater than in the 1930s. In 1929, total credit outstanding in the United States was 160 percent of GDP and it rose to 250 percent by 1932; in 2008 we started at 365 percent — and this calculation does not take into account the pervasive use of derivatives, which was absent in the 1930s. And yet, in spite of that, the artificial life support has been successful. Barely a year after the bankruptcy of Lehman Brothers, financial markets have stabilized, stock markets have rebounded, and the economy is showing signs of recovery. People want to return to business as usual and think of the crash of 2008 as a bad dream.
I regret to tell you that the recovery is liable to run out of steam and may even be followed by a “double dip,” although I am not sure whether it will occur in 2010 or 2011."
George Soros, [I]The Soros Lectures at the Central European University[/I], Public Affairs (Perseus Book Group) 2010