news that could ascend the lyc share price

hi everyone ive watched and learning as L plater for couple months thyought this article i recieved might help give some weight to the direction the lynas share market will go on monday 20th june regards alanpro

Greece Makes
a False Break
Saturday, 18th June 2011
Melbourne, Australia

From Dan Denning in St.Kilda...


Dear Reader,

An imminent financial crisis emanating from Greece seems to have been averted. For this week, at least.

The International Monetary Fund has agreed to release a �12 billion loan to Greece as planned at the end of this month�even if Greece has not secured the �120 billion loan it�s seeking from the European Central Bank.

Markets have heaved a temporary sigh of relief. Access to this money was a sticking point that could have left Greece with just six days of cash to pay the bills.

But I�d urge you not to relax under the impression that Australia is now all in the clear.

I�d urge you further to learn more about how tremors in Europe�s financial system can quickly be transmitted to Australian share markets. This may be your last best chance to prepare for a bigger fall in markets around the corner.

As I wrote in the Daily Reckoning this week, the Greek crisis has exposed how interdependent Europe�s banking sector is. And how poorly capitalised, should government bonds be restructured. The European Central Bank wants to avoid a Greek restructuring because it would trigger similar restructurings in Ireland, Portugal, and Spain.

And if THAT happened, you�d see massive losses on bank balance sheets across Europe. The European Central Bank itself might become insolvent.

Here�s the thing for Australians: there�s no way a major credit event in Europe could take place and NOT affect the Australian share market.

It�s not a question of how much direct exposure Australian banks have to European debt. It�s a question of how global investors will behave in another major credit crisis. We�ll find out how many global speculators have been buying Aussie stocks with borrowed money as a trade.

My prediction: these speculators will quickly sell any risk-related assets and flee to assets that are perceived as safe. If I�m right, the U.S. dollar will rise, commodities could fall, and �risk assets� will fall even further.

That brings me back to Australia�s share market.

My own view is that the Aussie market and the Aussie dollar are �risk assets� that could fall quickly and savagely if global investors �flee risk� like they did in 2008. And I�m not the only one who holds this view.

I spent twenty minutes yesterday with my in-house technical analyst Murray Dawes. We looked at just two charts: the S&P 500 in America and the ASX/200 here in Australia.

Murray showed me line by line where the lines of support were for each index, where the point of control was for the long-term and medium-term price action. And why Aussie stocks could get clobbered if Greece cracks.

If you�re not familiar with those trading terms, don�t worry. Over the last month Murray has recorded free presentations on his YouTube channel that show you exactly where he thinks the market is headed and exactly how he reached that conclusion.

In fact, in-mid April Murray laid out the case for why the market would have to correct to 4,500�a level it descended to (and below) this week.

On Friday afternoon Murray recorded a new presentation with new charts. You can view it here.

Murray and I agree that the markets have reached a critical juncture. Murray is able to show you exactly this in his charts, and give you an idea of where the markets could be headed in the very short term.

He doesn�t make any recommendations in this presentation. But if you�d like a technical perspective on the financial events in Europe, and what it could mean for our share market, take ten minutes and watch his video this weekend.

Regards,

Dan Denning
The Daily Reckoning Australia