kingworldnews.com / June 30, 2015
With the dollar surging and gold and crude oil weaker, today King World News is featuring a piece from one of the greats in the business warning investors that with all eyes still on Greece, do not trust this early bounce in global equity markets.
“You know the rules of the exchange, Mr. Duke. All accounts to be settled at the end of theDAY’S TRADING, without exception.” — Official #2, the movie Trading Places
June 30 (King World News) – I could not help but think of the movie Trading Places given yesterday’s trifecta of bad news. The scene is where the President of Exchange says “Margin call, gentlemen.” To which Mortimer Duke responds, “You know perfectly well we don’t have $394 million in cash!” Then comes the hammer, “Official #2: I’m sorry, boys. [to Official #1] Put the Duke brothers’ seats on the exchange up for sale at once. Seize all assets of Duke & DukeCOMMODITIES BROKERS.”
The post With All Eyes Still On Greece, Don’t Trust This Bounce appeared first on Silver For The People.