The beginning of the Brexit vote has futures much higher and everything looking bullish for the markets, stronger for the Euro and weaker for the dollar with gold somewhat flat at $1,265.40 and Silver up to $17.42. Other metals like platinum and palladium are down a bit.
It looks like we are having one more melt up in the markets. Futures are presently up 21 points to 2097 and look to be testing that 2120 level soon enough. A break above will be the swan song for the markets and I would use as a time to get out for now as the Illusion of Wealth comes to fruition.
I’m not a conspiracy theorist (saving that for a future fictional book for next year, lol) but I do pay attention to certain things and this vote in Britain is a little fishy at best. When politicians band together and push a certain agenda, one has to ask themselves why. All indications showed as of my last Current Thoughts a move for Brexit. But if there is a propaganda machine, which does include the media which I address in a future book We the Serfs! (non-fiction) that shows how the media is in fact a part of the problem and I’m only more than happy to expose this, then it is in full force today in Great Britain as the elite push their agendas. Don’t pretend they don’t exist, but you won’t see me writing about it in any detail. I write about facts I can justify with data for your investment dollars so you can keep your wealth. That’s what my Illusions of Wealth book does. The We the Serfs! book will be filled with facts too, in showing what’s really going on in the political world. Awareness in both the investment and political world is what these books are about.
I will be adding my thoughts as the day progresses.
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About Doug EberhardtDoug Eberhardt is a 28 year financial services veteran and precious metals broker selling gold and silver at 1% over wholesale cost. Doug has written a book to help investors understand how gold and silver fit into a diversified portfolio, how to buy gold and silver, and what metals to buy. The book; “Buy Gold and Silver Safely” is available by clicking here Contact phone number for Buy Gold and Silver Safely is 888-604-6534
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Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with capital you can’t afford to lose. This is neither a solicitation nor an offer to Purchase/Sell futures or options. No representation is being made that any account will or is likely to achieve gains or losses similar to those discussed in this outlook. The past track record of any trading system or methodology is not necessarily indicative of future results.
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