Hi Readers
Once again we see the Greek drama playing into the market.
Yet the euro isn't falling away as you would think..I got news for you it won't!
The ECB will protect the Euro at any cost, as is instructed by the Germans and the French.
To the astrologers out there the Sun Jupiter 8 degree trine to the Venus Pluto square, there is no way what's so ever that the euro will be allowed to fall.
This is a buying opportunity of stocks but panic hasn't really set in yet.
Question for you all to think about?
If a country defaults on debt doesn't that mean then that it's people are also allowed to default on debt too????
I see at the present time markets on globex are down a good 1% and in Hong Kong and Australia 2%.
This is reactive news, for you to all digest.
Similar is the panic news from China that they cut rates as the market has fallen 10% in two days.
That's the news that's more important.
I've said it before that the trouble will start in China and spread. Not Europe or the U.S..
China is the ticking time bomb which if it explodes will bring the world economy with it.
In commodities oil should slide back to the lows while gold is as stated before dead money.
Gold in these uncertain times should be running, and it's just drifting down. Need more evidence!
In the grain market keep adding position in wheat, we should see 700 at least by year end.
Please note end of year window dressing tomorrow, so maybe look at a potential buy in the afternoon today with liquidation in the last minute or two tomorrow.
But use your judgement in the markets you trade.
Once again we see the Greek drama playing into the market.
Yet the euro isn't falling away as you would think..I got news for you it won't!
The ECB will protect the Euro at any cost, as is instructed by the Germans and the French.
To the astrologers out there the Sun Jupiter 8 degree trine to the Venus Pluto square, there is no way what's so ever that the euro will be allowed to fall.
This is a buying opportunity of stocks but panic hasn't really set in yet.
Question for you all to think about?
If a country defaults on debt doesn't that mean then that it's people are also allowed to default on debt too????
I see at the present time markets on globex are down a good 1% and in Hong Kong and Australia 2%.
This is reactive news, for you to all digest.
Similar is the panic news from China that they cut rates as the market has fallen 10% in two days.
That's the news that's more important.
I've said it before that the trouble will start in China and spread. Not Europe or the U.S..
China is the ticking time bomb which if it explodes will bring the world economy with it.
In commodities oil should slide back to the lows while gold is as stated before dead money.
Gold in these uncertain times should be running, and it's just drifting down. Need more evidence!
In the grain market keep adding position in wheat, we should see 700 at least by year end.
Please note end of year window dressing tomorrow, so maybe look at a potential buy in the afternoon today with liquidation in the last minute or two tomorrow.
But use your judgement in the markets you trade.
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