by John Galt May 6, 2012 19:15 ET US Equity futures as of a 1/2 hour ago: That was not hard to predict. Neither was the emergence of anti-austerity leftist and extreme right wing parties becoming viable in Europe. As a result of the elections in France, Germany (local), Greece, and Serbia, it would appear the Euro will be punished severely and traders have broken out the chairs and whips tonight: That chart looks good compared to the reaction of the…
by John Galt May 6, 2012 15:25 ET Ambrose Evans-Pritchard sounds off in his new commentary in tonight’s U.K. Telegraph with a resounding shot across the bow of continental Europe and what could be an indication that a new wave of capital flight is about to begin. The commentary may well bear some truth sooner than speculated as the investors have been piling monies into the U.S. Treasury market and gold in the face of a slowing U.S. economy. The extract below is…
by John Galt May 6, 2012 12:58 ET From the newspaper Protothema: It does not take much imagination to figure out some of the party symbols such as the Communists K.K.E. or the Neo-Nazi Golden Dawn (XP.AYTH) but here is the breakdown of the poll from the newspaper story which is creating a huge stir in the Greek online community: ND, PASOK and SYRIZA head to head! 06/05/2012 19:00 Unprecedented election thriller show the exit polls. ND, PASOK and SYRIZA move without…
by John Galt May 6, 2012 12:25 ET There are many people willing to deny basic economic reality or the news that the manipulated government data points from around the world are sending, however gold and the gold ETF (GLD) continues to flash a warning clarion that can not be missed by any observer. Unfortunately for the naysayers, gold is still the final resting place for value and is indeed viewed as the alternative world currency by major economic powers such as China and…
by John Galt May 6, 2012 10:45 ET The question for my radio audience is quite simple: Do you prefer the old V of Galt or new OverMountain Radio Format?
by John Galt May 6, 2012 09:50 ET The Israeli TASE Stock Market has followed the Dow and S&P 500 and the downside swoon after Friday’s disappointing NFP numbers with a 1.76% decline of its own today: With the elections in France and Greece along with the instability in U.S. Markets equity trading worldwide could become very volatile as the results are announced tonight. Stay tuned as information begins to fly in from the two European nations in turmoil as election results…
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