Not so fast? Heres a cheerer upper!
http://ca.news.yahoo.com/blogs/canada-politics/greek-election-results-mean-more-uncertainty-fear-global-183803243.html

the article is slightly older than the Kitco article ,however both are saying that their are deep divisions in Greece ,wonder what the markets think.If there is no “financial heroin” ,needed ,then maybe markets will sell off?

If the pro bailout wins it will be like when Truman held up the newspaper in I believe 1948 when the headline read “Dewey Beats Truman”, the victory will be short lived.

I think before anyone, or any government can breathe a sigh of relief, they need to realize some underlying factors. Who better to detail the underlying factors than the wonderful gentlemen from ZEROHEDGE!

http://www.zerohedge.com/news/pasok-throws-monkey-wrench-coalition-discussions

It is far from over, and really only just beginning. No bailout would be much better as it would allow the entire house of cards to collapse once and for all. This is just killing the average citizen. We should have let this whole thing blow up back in early 2009. Sadly this is going to get much worse.

stay frosty

It doesn’t really matter who wins because the euphoria will be short lived, sobriety will happen soon almost the next day.

I think that THIS is just as important!

http://www.reuters.com/article/2012/06/17/us-france-election-idUSBRE85G03F20120617

Way I see it , it is a three way tie……no winner….I guess they will vote again
in six weeks…..Six weeks gets you to Aug….couple of more months and we are in
November. Besides that should give Obama enough time to legalize all the Greeks, and then the
Greeks, 12million strong, can vote for Obama and put him back in office.

Money printing, should cause gold to increase? a few minutes after spot price posted its down $15.00. Good to see things are normal.

So! Massive Euro printing means stronger Euro, while all of Non-Germany Europe decide Germany must share their wealth and pay for all club med vacations. When are the Germans going to grow some Kahonies and get rid of their worthless politician? Probably never, because the Germans are just like the American Puplavian dogs. Yes I did mean Puplavian, although I could have said Soroian lizards.

Yup, it is all sureal to me, Personally Im going to continue to accumulate.
The fundementals will play out eventualy. Of course thats only a belief.

Al: The most important story of this year and certainly next year is taxes. Hardly anyone talks about the upcoming taxes which are going to hit all Americans first of next year, an yet people still play the game of investing. Increase tax on dividends, capital gains, income, annuities, rental and the list goes on. Everything that can be taxed and some that can’t will experience increase first of next year. The Obama and congressional budget which is being used but was never approved, is based on increased revenues including increased spending and yet such a projected plan has never happened in history. What history does show with such massive increases in taxes, regulations, restrictions, limitations and reductions on acceptable deductions is that GDP declines and regardless how that is calculated, revenues never go higher than about 20% of real GDP. So if real GDP declines in the US like it did in Greece, Italy, Spain, Portugal, Ireland you name the place, real GDP and total tax revenues to all governments in the US will decline this year and for many years to come.

People talk about a fiscal cliff coming up for the US, but it is not a cliff it is an economic and political event horizon. A line in history that once crossed the people in the US will never be able to return to the way it once was. How did the Mayan know? Did they know without knowing why? or did they actually know why?

Ok, I am leaning toward, Germany leaving the Euro.

Hi Big Al,
My understanding is about 80% of the Greek citizens want to stay in the Euro, but do not want the harsh austerity that goes with it. So it is probably better to prop up a failing economy, that by the way will be needing more and more help, then to let it crash and the country will be in poverty for years. Austerity or poverity. Though choice. Bu the way Greece has state of the art printing presses and can print up Euro’s when know one is looking.. Best

So according to the big fat Greek election another New World Odor bailout has been accepted and everything is peachy.

Everybloody will live happily ever after. Yeah, that’s the ticket and Asian markets are up on the news.

What a sick joke.

Hi Ken,
The major currencys all gaped nicely at the open. Like Big Al says, be diversifed and I can make more money. Best

P.S.
The game must go on….

Brilliant quote I saw recently: “If it wasn’t for Target 2, nobody in the world would care about Greece”.

The Greek elections is just another crisis responded to by heavy breathing.
The death of the Euro is like a reverse Lamaze birthing technique.
The contraction spasms are coming now harder and closer together but instead of the birth of something everyone is anticipating a demise of the flawed experiment.
Europe may settle down but not for long and the next crisis will come quick with even more drama. The crescendo will happen in due time. At that point no wil like either Brussles sprouts or Brussles.