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3 Bullish Perspectives For The Euro As Europe Shrugs Off The Cyprus Crisis
Could be the most honest month in the market since the last singe 2008/9?
We'll see but my bet is sweep under the carpet till augt/ buy low precious sept and the german elections.
Unless we see bank deposits levy's say Cyprus 20% is that coming to me?
No is the normal answer but it could happen.
Then we have a banking system that thinks 7% (norm) actual deposit is except-able so I can't see a run until Sept at the earliest probably Feb 2014 and then it's hay wire. The system is broke but it needs time to play out. The big people know this hence the manipulation of the gold price, (silver has always been manipulated due to its low price) This is the first time we have ever seen gold prices been control by governments to my knowledge please correct if this is not true apart from 1931 and state the following out come. It's not a good market action.
Sovereign countries are moving to gold big banks are moving to cash? Why is that? IMO because they have been told to do it buy time. Cyprus was the imo the catalyst but as yet we don't want to except
Mar 24, 2013. 09:38 AM
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Bernanke Sets Gold Free For Now
Early days on gold on its 13th birthday, is it due a correction absolutely. However Debt keeps increasing in the western world not sure how this plays out as I'm down 35% in NUGT but I think I can buy on the dip and swing trade my balance over the next 3 months with the natural volatility that is evidently here.
Come September baring a Catalyst in between (before time) I see precious metals gaining ground till a breakout 2014 late Jan/Feb. Good luck the shorts and get out before then, the last time I checked bank balances mattered. Ben has to admit that when the market says sit (sorry missed a H) that his lease has run too far.
Mar 2, 2013. 02:26 AM
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