Sunday, March 17, 2013

Cyprus???

As I have been saying, since I started writing- Things are NOT better and the markets are an illusion to make the public think that things are hunky dory! The markets are opened for a couple of hours now and a little place close to Greece, called Cyprus has caused chaos in the global markets. Please read this from CNBC
What You Need to Know About Cyprus: El-Erian

A little place like Cyprus and its financial woes can cause the Dow Futures a 100+ point drop on the open, US Bonds are exploding to the upside, oh and the Euro that traded above 131 before the weekend has traded below 129. Gold is actually above 1600!

Will this event start the ball rolling in Gold's favor and stir up some earth shattering volatility in the Global Stock Markets for a change or will the idiotic game continue on Wall Street where the FED has the Puppet on the string?

Be careful out there, it's a mad, mad world- Let's see what the new week brings!
Is this the start of something?
I believe, things could start falling apart- time will tell- I hope you are ready!
Great week to all!
Thanks
Martin

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