The market has been going up on the basis of agreement with Greece and today by agreement with Iran.
Volume was not there for a market which had a good rally. Thus the momentum has been lacking. So we expect the decline to start soon. In the case of Greece the can has been kicked further down the road. There will be no growth in Greece because of additional debt on the backs of Greek people. Greece will get new money right now but they will never pay back the loans.
Germany which got so much money from USA after World War 2 does not have the guts to wipe off the debts of Greece is shameful. It is all politics. Long term there has been a lot of damage done to Eurozone because of lack of trust between two groups of countries. More money will be printed out of thin air. This cannot be sustained in the long term. US currency will go up to new highs against Euro.
China's rally is also a fake rally as half of the stocks are not even trading. Volatility has been down sharply and it will start going up again.
Gold and Silver have maximum number of bears right now and that is why they will start going up short term.
Volume was not there for a market which had a good rally. Thus the momentum has been lacking. So we expect the decline to start soon. In the case of Greece the can has been kicked further down the road. There will be no growth in Greece because of additional debt on the backs of Greek people. Greece will get new money right now but they will never pay back the loans.
Germany which got so much money from USA after World War 2 does not have the guts to wipe off the debts of Greece is shameful. It is all politics. Long term there has been a lot of damage done to Eurozone because of lack of trust between two groups of countries. More money will be printed out of thin air. This cannot be sustained in the long term. US currency will go up to new highs against Euro.
China's rally is also a fake rally as half of the stocks are not even trading. Volatility has been down sharply and it will start going up again.
Gold and Silver have maximum number of bears right now and that is why they will start going up short term.
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