iBankCoin

Dow Futures Explode Higher; Euro Rages Versus the Dollar

I suspect this is more election fuckery. Perhaps because Le Pen didn’t smash Macron to pieces, investors are interpreting her round 1 win as meaningless — especially since all of the ‘polls’ show Macron easily beating Le Pen in a head to head match. I’d be careful about counting her our. She has some fire in her belly — declaring herself ‘the candidate of the people.’

Dow futures are higher by 200, Nasdaq by 50. Gold is getting clubbed by 1.2%, alongside the silverfags.

Forex markets are lit now, with the euro +1.45% v the dollar. That’s not a typo. The market is pricing in a Macron win, a jubilant victory for the EU and globalization.



Viva Le Union européenne

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9 comments

  1. sarcrilege

    LOL, Le Pen being ‘the candidate of the people.’
    Yeah, Trump was ‘the candidate of the people’ too and look how that turned out…flip, flop, pivot, whirl, swivel and spin on all issues.

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  2. sarcrilege

    And it would be nice if gold got clubbed good, alongside silver, and the price was actually reflected all the way down to coins.

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  3. iBCwolfie

    yes,.. I’d like to buy more cheapish gold

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    • 99 lead balloons
      99 lead balloons

      Tgz is best gold deal right now. May go lower. Gdxj rebalencing has killed it.

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  4. moosh

    Buy the gold and silver trinkets in bulk. The stocked market will go up some, then down more, setting up the blowoff for fags to buy into.

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  5. tradercaddy

    J

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    • tradercaddy

      Quirky phone and cataracts in the eyes will do that.
      What I wanted to say was just like Brexit and the Trump election.
      Probably wrong again.

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  6. ironbird

    Sure looks like with every blow to power. They buy moar. Until it is all taken private. Absolute monopoly everywhere. Just like it was since the Pharaohs.

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  7. BenCBrainard

    Trump wanted a weaker dollar right? Trump wants Trump gets

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