The New CS Board

[jumanji0881]

I think we have passed the point of no return. The Greek parliament is to vote on the bailout today. Even if they accept the German terms, Greece is in deep trouble and will need $50 to recapitalize the banks. I would not be surprised to see the terms rejected. The Germans have made a very serious strategic mistake in demanding such onerous terms. It will fix nothing, but it will give more impetus to the political parties in periphery that want to exit the EU. Also, China's reported GDP is very suspect and their markets are falling again. Let gold fall more as I have buy orders in below the market on miners that have just reported some very good drill results.