EU Summit List Of Participants
It’s only Tuesday, yet once again markets are held hostage
through the next weekend, as the caterers ramp up yet again for another clown
summit that is going to “fix” things in Europe.
“No seriously, this
time we really, really mean it. As soon as the shrimp cerviche is finished we
are going to really tackle the issues. Well, maybe after the raspberry soufflé for
sure.”
“Uhm, yea whatever.”
So, expect the usual Central Planner nonsense all week; yup
it’s fixed, Merkel says “Nien”. That the beggars, also known as “PIGS”, will be
yakking all week with hand out and then trying to coerce Germany for
more money, should be good entertainment. After all, when you are totally
bankrupt and threaten to bring the system down, you are entitled to name your
conditions – natch.
Anybody but me noticing hardly anybody is trading gold
anymore? Volume is down, and except when the Central Planners got a 10,000 lot
at-the-market to send prices down sharply in 2 seconds, intra day ranges and volatility aren’t
that hot either. Gee, who could have seen this coming?
Once the weekend buffet summit is over, expect nothing new
and the assault of the EURUSD to begin in earnest. It should be quite a show.
Have a good day everyone.
-vegas
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