Spanish general election results on Sunday. Buoyed by the Brexit success, it may impact on the result of Sunday's election pushing Mariano Rajoy's People Party out of power. This would have another negative impact on already fragile European markets on Monday. Even another hung parliament result would be seen as negative. Monday - US services PMI figures Tuesday - Mario Draghi speech Tuesday - US Q1 GDP final figures Wednesday - Euro/German flash inflation figures Wednesday - US Core PCE index figures Wednesday - Mario Draghi / Mark Carney speeches Friday - Japan inflation figures Friday - China manufacturing PMI figures Friday - Fed Bullard speech Saturday - Australian federal election
LOL. Same here. I've been following the Brexit vote and the US election progress more closely than our own. Aust politics is not only boring as batsh1t between 2 establishment muppets, but the issues being campaigned are mostly just non-issues. The real issues aren't really being discussed.
Bank of Englands next interest rate decision is on the 14th of July, Pimco are say they will cut to zero
Caput do you mind watching all those things? We'll just watch this thread and you can explain it all for us. Easy words please
I would find it hard to take someone serious who only has a few posts to their names and no previous history to use as a guide , but i will give it a go anyway. I have for the last couple of years been very mid term bearish on metals as i did not see anything to give them a kick, BUT brexit has changed the game. As a stacker i have been accumulating on a regular basis but in small increments of 5 oz here an 10 there with the old piece of 1/4 oz numi gold if the price is below $1600NZD an oz. My goal over the next few months is to acquire as much silver as i possibly can. This week i will order 100 ferns from the mint and hit all the op shops i can from Invercargill to Christchurch and clean them out. I will be concentrating on silver as i can see doubling my money easy and only maybe a 50% gain off gold. I will have to talk to the wife as it will consume much of our spare dollars. I see silver bouncing up and down (with perhaps a big drop) and 18 months from now a moon shot. It is going to take the markets weeks to settle and months and months for the damage to be fully recognized. Think 2008.....................................................That took almost 3 years to filter through to metals and this is going to be at least on par. Of course if i am wrong we will have a lot of extra silver earlier than expected and it will not lose us anything. I missed out on taking advantage of the actual vote and immediate consequences and i will make sure we are in a position to reap any benefits from the ensuing fallout, and THERE WILL BE MASSIVE FALLOUT in the months and years t come. We were going to buy the silver anyhow , so the way i look at it we can only win with no downside if i am wrong.
Next Thursday, 30th June...End of financial year..Next week the big boys will come out to play to save their fortunes. Did Soros back the right horse in the Brexit fiasco??? Anyone know? Should be and interesting 4 trading days ahead.. How will Malcolm and Bill explain the huge losses in Super Funds? Will the banks in Australia still be able to access Capital in the US if all the shorts are called in? Regards Errol 43
Silver could just as easily halve instead of double. The only thing that really makes the later more likely is wishful thinking. No one knows.
US financial year ends in October. Australian based big boys are considered to be toddlers compared to the US bog boys
Mike Maloney seems to think Gold and Silver is going down in the short term. [youtube]http://www.youtube.com/watch?v=tvHEEi3wF4o[/youtube]
It's looking like the sitting PP is going to able to form a government in the Spanish election. This result may give a small boost to the euro and European markets. Not the result I was hoping for
The thing is ,we were going to buy the silver anyway. The only thing that is going to change is going harder on purchases now than originally planned. The guts of it is that if silver does go up as i think it will then we can capitalize on it, if silver does not go up or goes down then we still have the silver we would of had anyway. Gold is like insurance and silver for us is more speculation . I will continue to buy gold in small increments as i have been doing ,but i would kick myself if silver went to $30+ in the next 2 years and missed an opportunity for an easy double. You are correct in your stance that no-one knows and it may well go down, and if it does go down i just hold , i/we have time on our side and there will be no hurry to sell if i am wrong
It's because he sees a phase of deflation occurring and deflation is not really good for gold. Personally, I think the central banks are hell bent on fighting deflation to the point where they will print money and pump stimulus as hard as they can get away with. With the levels of debt our governments are in at the moment deflation will kill them, so they'll be pushing the central banks too - thus I'm not convinced he is right on that point. His comment regarding the COT report remind me too much of leon to take too seriously It's refreshing to hear him at least try and be a bit more balanced in his commentary rather than being a perma-bull, but he REALLY should have waited another day to put that video out because Brexit just killed his technical analysis by smashing his resistance line :lol:
If Maloney thinks gold and silver are going down then we should all start buying large. This monkey could not call his own dog over let alone anything to do with finance.
