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 YouGov.de 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...]

Silver Down Hard As Grexit Optimism Fades

Peter's Commentary: Silver has fallen hard today. Dropped more than 5%. From ZeroHedge, Tyler Durden, February 17, 2015 It appears the overnight exuberance at the possibility of a Grexit is fading fast... Silver - already weak overnight - was suddenly monkey-hammered lower on massive volume... WTI is down almost $2 from intrday highs, testing towards $51.50 on heavy volume. *SILVER … [Read more...]

Fearing a Grexit, Greeks Buy Gold

Peter's Commentary: This is why gold has been money for over 5000 years, whatever Bernanke says. When you're worried about your own currency, you buy gold as insurance. Greeks Buy Gold Again From ZeroHedge, Tyler Durden, February 9, 2015 It never fails: Every time redenomination risks and the specter of the (New) Drachma rear its ugly heads, Greeks, like dutiful Austrian economists, … [Read more...]