by Bill Holter, Miles Franklin:
This past week was filled with geopolitics 24/7 until Friday, when they finally spilled all over the markets. The market action was extremely ominous in my opinion and especially the last hour into the close. Very shortly I believe we will be faced with huge market “gaps” which will be the topic for tomorrow, today let’s discuss how the current geopolitical situation will detonate the leverage.
It’s not as if the geopolitical situation wasn’t already hot enough before the Greek vote, now the world has a polarizing event to deal with. This past week was a sparring match between the Syriza party of Greece and the EU, a line in the sand has now been drawn, Feb. 28. Before looking at all of the sides being chosen and alliances being formed, it is important to understand that “lines in the sand” are a very VERY bad thing indeed …especially when we are talking about “nations”. Drawing a line in the sand and placing a date on it means someone must lose face on one side or the other.
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