GOLD 0.51% $1,391.7 gold futures

AJ, sorta depends on the outcome... And I don't mean necessarily...

  1. 4,486 Posts.
    AJ, sorta depends on the outcome...
    And I don't mean necessarily as simple yes or no vote, but what that vote means.
    Sticky end for sure if there is a strong no vote & I get the feeling there may well be.
    Does Europe then slam the door on Greece?
    I think they will have no choice & admit defeat.
    Under that scenario gold will go higher.
    The question for me is will it be straight away or more like we saw in 2008 where gold initially pulled back due to margin call funding requirements in the equity markets & a rally in the USD.
    Gold then obviously went on to triple.
    Lehmans was unexpected, whereas this isn't so the market wont be so easily caught on the hop as it was in 2008.
 
watchlist Created with Sketch. Add GOLD (COMEX) to my watchlist
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.