Bravo UK voters! When you analyze the vote, you see that liberal places (London and Scotland) tended to favor remaining in the EU and the rest of the UK (more conservative) tended to favor Brexit.
People are mad. The greatest anger in the UK was about immigration.
The EU could lose more members. Denmark, Hungary, Holland, France are mentioned. All have been negatively impacted by the free movement of workers guaranteed to EU members.
When the smoke clears, look for Greece to be back on the table. (A great day for a mixed metaphor.)
Bravo UK voters! When you analyze the vote, you see that liberal places (London and Scotland) tended
to favor remaining in the EU and the rest of the UK (more conservative) tended to favor Brexit.
People are mad. The greatest anger in the UK was about immigration.
The EU could lose more members. Denmark, Hungary, Holland, France are mentioned. All have been
negatively impacted by the free movement of workers guaranteed to EU members.
When the smoke clears, look for Greece to be back on the table. (A great day for a mixed metaphor.)
The recent influx of refugees from the middle east do not assimilate and as a member of the EU the Brits can't keep them out. I guess most Brits aren't ready to commit cultural suicide.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Originally posted by: DrBuster Sitting at a banker pub in Seattle watching the results come in and the market moves...folks are freaking. The second EU domino is falling...and the city here smells like the herb...today's French cake.
Sorry, but I've got to laugh at these stock market players who are freaking.
Me....I'm golfing everyday, sitting on my PM stash and sleeping like a baby each and every night regardless of the market moves in stocks or PM's, as it's all about quantity of ounces, not dollar price of ounces.
My stress level is very low and blood pressure just fine.
"Gold is money, and nothing else" (JP Morgan, 1912)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
I was getting a little nervous thinking the vote would be stay. Maybe all the fake polling numbers in the crony media here in the US influenced me on that.
Bravo UK voters! When you analyze the vote, you see that liberal places (London and Scotland) tended
to favor remaining in the EU and the rest of the UK (more conservative) tended to favor Brexit.
People are mad. The greatest anger in the UK was about immigration.
The EU could lose more members. Denmark, Hungary, Holland, France are mentioned. All have been
negatively impacted by the free movement of workers guaranteed to EU members.
When the smoke clears, look for Greece to be back on the table. (A great day for a mixed metaphor.)
+1
The Dutch and Swedes might put it up to a vote too after seeing what happened with the UK. Both countries share many of the same opinions that the UK have and all 3 countries "worked" together to collectively bargain with the EU. Greece will probably be pushed out of the EU after a while since they are a ball and chain to the rest of EU and there is no end in sight for them. Who knows what will happen to the UK or the EuroZone. This is the first time a country has left, so were in uncharted waters.
Sitting at a banker pub in Seattle watching the results come in and the market moves...folks are freaking. The second EU domino is falling...and the city here smells like the herb...today's French cake.
Sorry, but I've got to laugh at these stock market players who are freaking.
Me....I'm golfing everyday, sitting on my PM stash and sleeping like a baby each and every night regardless of the market moves in stocks or PM's, as it's all about quantity of ounces, not dollar price of ounces.
My stress level is very low and blood pressure just fine.
I was texting with my brother back in GA and we were saying how it's opportunity time if the numbers stuck. Interesting times...
"This is the first time a country has left, so were in uncharted waters."
Google 'Greenland'.
I knew someone was going to say that. While you are correct, Greenland has a population of ~50,000 people. It has the population of a town...and they left the Eurozone in 1985.....before the Berlin wall fell (and years before I was born). The "eurozone" back then looked NOTHING like the eurozone of today...from what I'm told
Greenland has approximately .0007800312% of the UK population as a reference.
Alan Greenspan was extremely negative on CNBC. He was followed by Art Cashin who said "Greenspan sounds so pessimistic, we should think about taking away his belt and shoelaces!"
Although it may be bargain time to get some stocks... I suspect it may pay to wait awhile yet. Europe is pretty well shook from this, and there is a real possibility their markets will continue to crash more. If so, will certainly cause more ripples here also.
Seems like there will be some fallout from the stock market drop, in terms of interest rate policy and debt rollovers that could lead to some defaults up & down the line. It's pretty inevitable at some point.
Q: Are You Printing Money? Bernanke: Not Literally
Ir could take parliament up to two years to act to make it official, and they are not required to - the referendum vote is not legally binding. The closer the vote the more leeway MPs will feel they have have to do what they think is best for the country. Let the dirty games/bribes really begin.
Interesting, hung out with an Irish family vacationing tonight in Seattle, the patriarch said the vote was a bad thing. But, had arguments going each way and agreed that the upcoming generation was part of the problem despite how anyone voted. Was nice to talk with someone with another 15+ years of EU living in the mix.
Originally posted by: derryb An exit will increase dollar demand. Dollar up, gold down.
Looks like gold didn't listen!
It's lost half of it's initial shocker gain. Look for it to settle further as emotions settle.
Shocker gains (and losses) after an initial panic are usually only temporary.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Up, up and away, in my beautiful, my beautiful, balloon!"
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Italy is on deck (Itexit) to send gold much higher.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Originally posted by: derryb Italy is on deck (Itexit) to send gold much higher.
Only time will tell if this one plays out. Your record up to this point, is dismal when it comes to prophesying the PM market.
And only time will tell if my record is in fact dismal.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Originally posted by: derryb Italy is on deck (Itexit) to send gold much higher.
Only time will tell if this one plays out. Your record up to this point, is dismal when it comes to prophesying the PM market.
And only time will tell if my record is in fact dismal.
Yup...just like saying everyday, "I'm gonna die", you will be correct.
and this is what makes fiat currency insurance a lot like life insurance - death is inevitable.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Comments
to favor remaining in the EU and the rest of the UK (more conservative) tended to favor Brexit.
People are mad. The greatest anger in the UK was about immigration.
The EU could lose more members. Denmark, Hungary, Holland, France are mentioned. All have been
negatively impacted by the free movement of workers guaranteed to EU members.
When the smoke clears, look for Greece to be back on the table. (A great day for a mixed metaphor.)
Bravo UK voters! When you analyze the vote, you see that liberal places (London and Scotland) tended
to favor remaining in the EU and the rest of the UK (more conservative) tended to favor Brexit.
People are mad. The greatest anger in the UK was about immigration.
The EU could lose more members. Denmark, Hungary, Holland, France are mentioned. All have been
negatively impacted by the free movement of workers guaranteed to EU members.
When the smoke clears, look for Greece to be back on the table. (A great day for a mixed metaphor.)
The recent influx of refugees from the middle east do not assimilate and as a member of the EU the Brits can't keep them out. I guess most Brits aren't ready to commit cultural suicide.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Sitting at a banker pub in Seattle watching the results come in and the market moves...folks are freaking. The second EU domino is falling...and the city here smells like the herb...today's French cake.
Sorry, but I've got to laugh at these stock market players who are freaking.
Me....I'm golfing everyday, sitting on my PM stash and sleeping like a baby each and every night regardless of the market moves in stocks or PM's, as it's all about quantity of ounces, not dollar price of ounces.
My stress level is very low and blood pressure just fine.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
I was getting a little nervous thinking the vote would be stay. Maybe all the fake polling numbers in the crony media here in the US influenced me on that.
Bravo UK voters! When you analyze the vote, you see that liberal places (London and Scotland) tended
to favor remaining in the EU and the rest of the UK (more conservative) tended to favor Brexit.
People are mad. The greatest anger in the UK was about immigration.
The EU could lose more members. Denmark, Hungary, Holland, France are mentioned. All have been
negatively impacted by the free movement of workers guaranteed to EU members.
When the smoke clears, look for Greece to be back on the table. (A great day for a mixed metaphor.)
+1
The Dutch and Swedes might put it up to a vote too after seeing what happened with the UK. Both countries share many of the same opinions that the UK have and all 3 countries "worked" together to collectively bargain with the EU. Greece will probably be pushed out of the EU after a while since they are a ball and chain to the rest of EU and there is no end in sight for them. Who knows what will happen to the UK or the EuroZone. This is the first time a country has left, so were in uncharted waters.
The UK people have spoken...
Sitting at a banker pub in Seattle watching the results come in and the market moves...folks are freaking. The second EU domino is falling...and the city here smells like the herb...today's French cake.
Sorry, but I've got to laugh at these stock market players who are freaking.
Me....I'm golfing everyday, sitting on my PM stash and sleeping like a baby each and every night regardless of the market moves in stocks or PM's, as it's all about quantity of ounces, not dollar price of ounces.
My stress level is very low and blood pressure just fine.
I was texting with my brother back in GA and we were saying how it's opportunity time if the numbers stuck. Interesting times...
Google 'Greenland'.
"This is the first time a country has left, so were in uncharted waters."
Google 'Greenland'.
I knew someone was going to say that. While you are correct, Greenland has a population of ~50,000 people. It has the population of a town...and they left the Eurozone in 1985.....before the Berlin wall fell (and years before I was born). The "eurozone" back then looked NOTHING like the eurozone of today...from what I'm told
Greenland has approximately .0007800312% of the UK population as a reference.
who said "Greenspan sounds so pessimistic, we should think about taking away his
belt and shoelaces!"
An exit will increase dollar demand. Dollar up, gold down.
Looks like gold didn't listen!
I knew it would happen.
Ir could take parliament up to two years to act to make it official, and they are not required to - the referendum vote is not legally binding. The closer the vote the more leeway MPs will feel they have have to do what they think is best for the country. Let the dirty games/bribes really begin.
Do-over?
An exit will increase dollar demand. Dollar up, gold down.
Looks like gold didn't listen!
It's lost half of it's initial shocker gain. Look for it to settle further as emotions settle.
Shocker gains (and losses) after an initial panic are usually only temporary.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Was it just a balloon?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Liberty: Parent of Science & Industry
Italy is on deck (Itexit) to send gold much higher.
Only time will tell if this one plays out. Your record up to this point, is dismal when it comes to prophesying the PM market.
Italy is on deck (Itexit) to send gold much higher.
Only time will tell if this one plays out. Your record up to this point, is dismal when it comes to prophesying the PM market.
And only time will tell if my record is in fact dismal.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Italy is on deck (Itexit) to send gold much higher.
Only time will tell if this one plays out. Your record up to this point, is dismal when it comes to prophesying the PM market.
And only time will tell if my record is in fact dismal.
Yup...just like saying everyday, "I'm gonna die", you will be correct.
Knowledge is the enemy of fear
Italy is on deck (Itexit) to send gold much higher.
Only time will tell if this one plays out. Your record up to this point, is dismal when it comes to prophesying the PM market.
And only time will tell if my record is in fact dismal.
Yup...just like saying everyday, "I'm gonna die", you will be correct.
and this is what makes fiat currency insurance a lot like life insurance - death is inevitable.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey