Archive - Jun 2015 - Blog entry

What to expect next week.

Probably the most prescient call of the year, made with two months lead time. Those EU area residents, particualrly the Greeks, who heeded the warning have now gained the freedom to sail past capital controls and bank holidays. What may have been overlooked is that I also prepared a list of what countries (and bank domiciles) may be next.

As we have asserted since 2012, the template for dealing with Crises has been laid out in Europe, particularly in the countries of Spain and Cyprus.

A Grexit debacle easily highlights the advantages of trading throgh blockchain technology. Long story short - no FTDs, counterparty or default risk when trading forex pairs!

People are already freaking out that Greece is just days away from defaulting on a $1.72 billion loan payment.  Just wait till the margin call on the $370 billion margin debt in China's stock markets. 

When you party naked...

Meanwhile, Tsipras gets a standing ovation in the Greek parliament!

A look at the psycholgoy of traders as reflected in the price action ahead the new week which promises to be eventful.

Relative to the monetary base, the gold price is currently at an all time low. In our opinion, this is a temporary anomaly, which we believe provides an extraordinarily favorable buying opportunity.

Scared by the recent surprise CHF event that caused many Forex brokers to completely collapse, brokers are taking no chances as Greece sits on the brink.  From one broker:

When you wet the QE bed...

If you jump off of a make believe cliff, don't be surprised when you hit the reality of the ground! Reggie Middleton

For the first time since 2009... the biggest driver for stocks is cratering.

Shanghai Gold Exchange volume climbed to a record today as prices declined incentivizing value driven Chinese buyers as Chinese stocks crashed 7.4%. Chinese stocks have had the biggest two-week loss in more than 18 years and are close to entering a bear market after extending losses from their June 12 peak to 19 percent in less than three weeks.

Another story from The dark side of Corporate America....