By: Marty Armstrong
COMMENT: Marty; The cash is pouring into the Gilts here from euroland as you call it. Absolutely an amazing forecast. There is not a single European analysts who has understood this crisis and Socrates has been spectacular.
REPLY: It is amazing to me how wrong the fundamentalists always are. They cannot ever see something right before their eyes. Yes, the gilts bottomed 3 months ago and have shown that they would rally into June and just putting all the markets together it demonstrated it would be a Euro Crisis. We warned May would be a serious turning point. Just follow the money flows.
The UK out of la la land is the VERY BEST THING for its people. The last time these pro-European crazy people got their way, they conspired against Margaret Thatcher, deposed her, and then took Britain into the ERM fixing the pound until the system cracked. They blamed Soros for that. It was the politicians who created the crisis just as they are trying to do once again keeping Britain in this impossible dream they call Eurozone.
As always, please use protective buy and sell stops when trading futures and options.
Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in the forum will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.