Very quiet on the western front.
Some things of note:
Massive Gold/Eur order went through about 20 minutes ago[long gold short Euro]
European debt markets CDS Ireland/Portugal and Spain Bund spreads are hitting all time highs. [possibly why the large gold/eur trade]
Portuguese debt on the London Clearing House margin requirement have gone up.
Looks like European debt is blowing up.
But this time Spain in particular debt spreads hitting all time highs will be worse than the Greek crisis.
thursday sell the bounce or buy for a rebound?, page-39
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