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ker
June 25, 2012

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Discussion
6 Comments
    Jun 25, 2012 25:01 PM

    Hi all, be careful on this leg up looks like a bear trap to me. I am waiting till after the meetings this week.
    :mrgreen:

    Ben
    Jun 25, 2012 25:44 PM

    Al,

    I heard on a local radio station today that the mayor of one of our local cities is threatening to shut off the water to a local prison because the state of Illinois owes over 300,000.00 to the city. The are so late on payment that late fees have pushed the bill up over 400,000.00. Talk about minature Greece/Spain. They will not stop this reckless spending. The cliff is in sight! God bless.

    Jun 26, 2012 26:35 AM

    The strong pull of deflation is clearly here as seen in the price of gold. I went away on vacation last week with gold at $1630 and was expecting to come back with gold over $1700 – instead it is once again heading towards the December lows, which it must hold. The Greece election was a non event and Bernake threw cold water on QE hopes.

    Jun 26, 2012 26:22 AM

    We are on a very sensitive market timing cycle this week and early next week with Europe’s problems, the calendar and bank ratings being set lower. Spain is right on the edge and Germany and its people-courts are saying some current open credits are illegal and no more joint credit exposure will be extended. This is highly sensitive and market accident prone stuff – Traderrog