Long Position on Silver and Gold?

[Mazin]

I wonder how many countries will follow suit. Just avoided Greece and there's already rumors that the Dutch will leave so who's next, Spain, Portugal, Italy, France?


Going to be a hell of a process that's for sure

[Aloha_Shooter]

More people decided to ignore the lies and scaremongering of the professional politicians and bureaucrats. It can only be a good thing in the long run for them to regain their freedom and kick the cans of the totalitarians. The French, on the other hand, have one less country to parasite off of.

[Mazin]

The UK is the 5th largest economy in the EU so that's where your market fluctuations are hitting. Couple that with now Germany's power in the EU has increased so the smaller country's will be looking at following suit because of Germany. I guess it's a good day to have some longer term USD exposure because this exit wil be far from a clean break.

[Great-Kazoo]

UK leaving the EU will tide the flow of Muslims coming from the continent. Nobody really saying that, it is the 500 lb gorilla sitting in the corner. I can't see any real reason for drastic market changes of prices, except the British Pound.

The pound dropped, dollar made a jump, same with gold.
Very happy Britannia voted in favor of leaving. The people actually thought for themselves, not succumbing to the fear mongers. ESPECIALLY Soros.

[roberth]

BREXIT WINS!!!

A great day!!!

Gold at 1317 and silver at 17.99 - http://www.kitco.com/market/

Oil is down - major indices futures are down - http://finviz.com/futures.ashx

I watch forex here - http://www.xe.com/ - seems to be pretty busy this morning

It will be splendid to watch the incompetent radical and shrillary make excuses and perform their donkey show.

[Skip]

The pound dropped, dollar made a jump, same with gold.
Very happy Britannia voted in favor of leaving. The people actually thought for themselves, not succumbing to the fear mongers. ESPECIALLY Soros.

My thoughts as well. The EU had become a suicide pact. Looks like someone did an intervention on the UK and they listened.

I won't quote myself (above). I lost my chance for this year. I would bet the banks jump in and try to push gold down. They hate a strong dollar.

[davsel]

UK leaving the EU will tide the flow of Muslims coming from the continent. Nobody really saying that, it is the 500 lb gorilla sitting in the corner. I can't see any real reason for drastic market changes of prices, except the British Pound.

Exactly.
The EU determined how many "refugees" Great Britain would have to take. Cameron went to Brussels to ask for less and was told, No. Now they can decide their own immigration policies for themselves.
I'm thinking the Dutch will be the next to exit the EU.

[roberth]

Yup, I read the Dutch were next.

Why would you join a club where a couple of members (none of the staff) do all the work and pay all the dues, and all the other members are just parasites.

Sounds just like the UN doesn't it.

[Aloha_Shooter]

The Brits are taking a short hit while the Europhiles and self-appointed political elites throw their temper tantrum but their economy and national security will be stronger for it in very short order. The funny thing is, I suspect Remain would have had a slight edge if Obama hadn't gone over and threatened them with "back of the line" if they left the EU. Obama can be his own worst enemy sometimes.

[roberth]

LOL - I didn't know The Messiah had threatened them, this makes BREXIT even BETTERERER.