Loading ...OK …Who’s ready to rumble ?
Lost in all the petty bickering here is the fact that we just had a BREXIT…when NOBODY expected it
This week…and especially Tonite and tomorrow we will see what Mr Market ( the sum total of the millions of
participants) really thinks after quiet reflection this weekend .
Pass the Popcorn…I am 98% sure there will be some surprises this week !
FX markets are open and anyone thinking the US stock markets are going to bounce (for more than a day or 2 to be optimistic) need to look at what happens when the Yuan gets devalued against a run to the dollar (whether caused by a threatened rate raise or flight to the safety) – same result.
http://www.zerohedge.com/news/2016-06-26/currency-carnage-continues-cable-usdjpy-tumble-fx-markets-open‘
GL to the SM bulls and the PM bears – THAT is the risk trade IMO.
Just the link I wanted to post. Gold should rise more and more. I´ve just read today in ZH koos Jansen from Bullionstar, friday SGE delivered 143 tonnes of gold. That´s quite amazing…
Let´s see how this week evolve.
And so it begins 6/26 9:19pm ET ZH story with pictures to boot :).
http://www.zerohedge.com/news/2016-06-26/china-devalues-yuan-most-10-months-premier-li-warns-brexit-butterfly-effect-financia
We’ll see how long SM bulls and PM bears last.
Next up later this week ….. toothless warning from Jack Lew !
Yuan down almost a full pct.
http://finance.yahoo.com/video/china-weakens-yuan-fixing-0-041659801.html