Lots of rumours being presented in news
Last night
Banks told to get rid of their Greece bonds
China to crack down on margin lending and increase more stocks that can be short sold ( my god if the include some mining or internet stocks china market going to get a big spanking)
Inflation, well well it's increasing
I think gold finally finished above the 50 dma on the weekly, that's not bad
I don't think anyone is prepared for a Greece default, gold started its move up what seems like years an years ago on Greece problems, the problem has been talked away until we all believe that it cant, won't ever happen, equity rally after equity rally, Greece sorted, another bailout , and extension, new qe blah blah
Looks like the "can" is at the end of the road.
A bullsheeeet 30 day extension will be granted to allow the big guys to get out IMO , but Greece is going to have to fold soon
Can't wait to hear how happy the German ppl are going to be to discover how much their politicians pumped into Greece and lost, makes some of our polticians look lame
