Couldn't agree with you more. Just to add France and Sweeden...

First 8692 Last

Share
Profile

Follow
Hardrock25

3,037 Posts.

1

24/08/16

20:11

Post #: 18656568
Share

Originally posted by Goblin ↑

Told you fellas gold will be dragged down into the abyss because of silver's demise.

The market bulls are about to unleash themselves in spectacular style.

God save the Queen because nothing will save precious metal holders.

You will see.

Goblin the Gold Guru
View attachment 225825

Expand

Originally posted by TheLittlePrince ↑

That is quite an isolated view on the issue.

Regardless of the reason why Britain decided to exit it is the threat it poses to other nations. If other nations decide to leave then the real systemic issue begins.

I can absolutely assure you that the Greeks would love to be able to lower their 8% sovereign junk bonds by undertaking QE like the US has done so the interest repayments are manageable! This involves leaving the Euro (need sovereign currency) and why not leave the EU while you are at it!

Make it a hot pot: Spain, Portugal & Italy.

Suddenly you have 38% of the EU GDP wanting out.

I disagree about the positive jobs report. Official job data has been fine (although you cannot view this in isolation with weak retail sales. Obviously the jobs being created are not confidence boosting with regard to consumer spending).

Yellen is looking for inflation. Raising rates put pressure on inflation and we all know deflation=default with high debt countries. They cannot risk a deflationary crisis.

Expand

Couldn't agree with you more. Just to add France and Sweeden also want out so would be even more than 38% EU GDP.
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 117,740 more messages in this thread...

First 8692 Last

Add GOLD (COMEX) to my watchlist

Couldn't agree with you more. Just to add France and Sweeden...

Featured News

Lithium Universe eyes hydropower setup for greener battery metals

Unith wraps up Q1 with $5M in cash as digital humans evolve

Recharged Prospects: 'Watts' on the horizon for copper & lithium

Aus inflation read of 3.6% spooks ASX – before quickly returning to green

High grade sniffs in Africa push Mako shares up 14%

Couldn't agree with you more. Just to add France and Sweeden...

Featured News

Top Stories

Lithium Universe eyes hydropower setup for greener battery metals

Unith wraps up Q1 with $5M in cash as digital humans evolve

Recharged Prospects: 'Watts' on the horizon for copper & lithium

Aus inflation read of 3.6% spooks ASX – before quickly returning to green

High grade sniffs in Africa push Mako shares up 14%