ECB Preparing For Grexit

Peter's Commentary: The Germans are getting mighty tired of Greece. Especially with their World War 2 Reparations talk. A poll published by Germany's showed that public opinion has turned against Greece dramatically during the last month. The number of Germans in favor of a Grexit rose from 48% to 59% in the last 30 days according to an online survey of 1012 people. If Greece does … [Read more...]

3 Possible Outcomes For Greece

Peter's Commentary: Three possible outcomes for the Greek situation... From ZeroHedge, Tyler Durden, and Bloomberg, Vassilis Karamanis, February 17, 2015: When it comes to trading the possibility of a Grexit, Bloomberg strategist Vassilis Karamanis writes,that there are three possible outcomes. Scenario 1: Greece exits the euro Probability of Grexit is now increased to 50% … [Read more...]

ECB Takes Hard Line With Greece

Peter's Commentary: The ECB called the Greeks bluff today. From Reuters, Paul Taylor, February 4, 2015 The European Central Bank abruptly canceled its acceptance of Greek bonds in return for funding on Wednesday, shifting the burden onto Athens' central bank to finance its lenders and isolating Greece unless it strikes a new reform deal. The move, which means the Greek central … [Read more...]

Gold Shares – Pointing Up Or Down?

Gold shares lead the way. Right? Then what do you think about GDX and GDXJ both finishing the day with outside reversal day patterns? And GDXJ   Otherwise known as bearish engulfing patterns, these often lead the way down, especially if confirmed by a lower candlestick bar the next day. Only a week ago, we had another set of outside reversal day patterns for both … [Read more...]