Ned Schmidt returns to the program…
Germany is now in charge. The message to the Euro participants is now that you will do what Germany says or suffer the consequences. PM investors now need to ignore Greece and watch what the market is doing. The PM markete ended 8 months ago and isn’t going any lower from there. The longer term bulls are scared and haven’t stepped up yet.
It will go on until the bears exit and go on to other markets.
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