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Re: Pro-Life post# 185

Sunday, 07/03/2016 3:36:17 PM

Sunday, July 03, 2016 3:36:17 PM

Post# of 269
It’s clear that the Central Banks are desperate to keep the stock markets from plunging

The only central bank which went into desperado mode on Brexit was the BOE. Providing liquidity to Brit banks, which were being stressed out by the wild FX volatility - especially the ones involving the Pound.

Also note the markets have recovered from the Brexit FUD. Throughout the USD gained strength - ref the EUR/USD trade which is important for US commodities. The problem for the US remains a strong USD, causing deflationary pressure, not hyperinflation around the corner.

Gold should start a retreat from here. The markets have unwound from their Bremain bet they lost. No systemic bank problem as in 2008, or even 2012 with the EU PIIGS affair. Volatility in the FX market should go down. Watch the EUR/USD, and the JPY trades. Watch the price of oil, and whether it stays within sniffing range of 50.






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