BrEXIT

[Patriotic Sheepdog]

seems Britain pulled it off and voted to get out of the EU. Markets are in chaos around the globe and precious metals are rising. A lot will happen over the next few days/weeks as the big bankers will probably try and punish the working people who voted to exit. Hang on....

http://www.bbc.com/news/uk-politics-36615028

[1Admin]

Imagine what would likely happen in the US if the POPULATION at large could vote on things like this?

A quick peak on Apmex shows:

Gold

	$1,331.50	$1,333.50		$70.80
Silver	$17.93	$18.03		$0.63

So some of us are finally in the black on silver and gold purchases from the last year. Might be a good day to sell that mining stock also.

[Mannlicher]

Under EU membership, the UK had lost it's sovereignty. They fought for 1000 years to maintain that. Now they have it back.

[Patriotic Sheepdog]

Kitco.com is down...i wonder if the site couldn't handle the buyers?

[jimmycthemd]

You're also going to see a lot of large financial institutions moving out of London into the EU to be close to the 'action' now that the Brits have left. There will be trade/financial renegotiations across the board now that they're not part of the EU master agreements.

O'bummer said that they'd have to 'get to the back of the line' with us....let's see how that works.

[prc-104]

Sham and Overdue in Great Britain

Just my take but here it is:
About time that GB got the hell out of the EU.
They fought Germany in the war and then joined the EU giving Germany control of their bank. How stupid was that?
If they hadn't gotten out, then in the next few years they would have been drawn into the economic debt crash of Europe and been sucked dry by it.
Also, the influx of Muslim contaminates would have drastically increased (just like here).

Regarding the "Market Turmoils", most of it is sham designed to alarm everybody and warn them to NOT DO what GB did ("See how bad it is? Don't do it yourself!")
It will settle down in a week or so.
In the meantime, make money from it if you are able. It won't last long.
/john

[protus]

Watch Scotland as well. Their already putting forward another vote to break away from the UK.etc...

[Mannlicher]

Scotland and Northern Ireland leaving, would actually be good for England. They are financial drain, and return little of value.

[1Admin]

I think there was some definite "plunge protection" action going on Friday in the markets.

Early in the first 30 minutes of trading, about a dozen stocks I watch were all down way considerably with the market showing down 300 points at the time. By the end of the day most of these same stocks were only down a few pennies, some were even up, and the market closed down 600 points. ALL but one or two of these (mining stocks that tend to rise as gold/silver rises) tend to follow the market to a large degree. Not exactly unusual activity, but not common either for these I've tracked and traded for several years. Some $10. range stocks ran a $.50 cents difference from about 9:45 to close- 5% in a day if you had the stomach for it. LOL

It will be interesting to see what happens Monday. I have to assume with the 600 pts. drop on Friday and a decent drop on Monday, we will be near official "correction" territory.

They are/will most certainly use it for political gain, why? Because they can.... I.e, "see what happens when the COMMUNITY breaks up? We all go down!" type of Bravo Sierra. Eff the "community", we have had enough of that crap.....

[Patriotic Sheepdog]

I just checked to DOW futures for tomorrow...showing -760, but it is still early....Monday may be interesting.

[1Admin]

It ain't over yet!!! A few to watch-

http://www.cnbc.com/2016/07/05/bank-of-england-cuts-banks-capital-requirements-as-brexit-risks-crystallize.html

http://www.zerohedge.com/news/2016-07-05/domino-2-uks-aviva-property-fund-frozen-due-lack-immediate-liquidity

Domino #2: UK's Aviva Property Fund "Frozen" Due To "Lack Of Immediate Liquidity"


by Tyler Durden
Jul 5, 2016 8:30 AM


40
SHARES

Twitter Facebook Reddit

In a stark flashback to the catalytic event that ultimately brought down Bear Stearns in 2008, and subsequently unleashed the greatest financial crisis in history, last night we reported that Standard Life, has been forced to stop retail investors selling out of one of the UK’s largest property funds for at least 28 days after rapid cash outflows were sparked by fears over falling real estate values.
As we further noted, citing an analyst, “given the outflows the sector seems to be experiencing, this could well put downward pressure on commercial property prices,” said Laith Khalaf, senior analyst at Hargreaves Lansdown. “The risk is this creates a vicious circle, and prompts more investors to dump property, until such time as sentiment stabilises.”
As we concluded, whie Brexit is not a Humpty Dumpty event, where all the Fed’s horses and all the Fed’s men can’t glue the eggshell back together, it is an event that forces investors to wake up and prepare their portfolios for the very real systemic risks ahead. And, indeed, if Standard Life was the first domino, moments ago the second domino also tumbled when as Bloomberg reported that Aviva Investors Property Trust is as of this moment "frozen" citing "extraordinary" market conditions.
What is notable is that the drop in the fund is not even that bad: as such it merely shows what happens when everyone decides to pull their money out at once from a financial system built on ponzi assumptions, and how one should always panic first.

Cited by Bloomberg, Aviva said in an email that "market circumstances, which are impacting the wider industry, have resulted in a lack of immediate liquidity" adding that "we have acted to safeguard the interests of all our investors by suspending dealing in the fund with immediate effect”
As Laith Khalaf, a senior analyst at Hargreaves Lansdown cited above, put it, “the dominoes are starting to fall in the U.K. commercial property market, as yet another fund locks its doors on the back of outflows precipitated by the Brexit vote. It’s probably only a matter of time before we see other funds follow suit."
We could not have said it better ourselves.



Domino #2: UK's Aviva Property Fund "Frozen" Due To "Lack Of Immediate Liquidity"


by Tyler Durden
Jul 5, 2016 8:30 AM


40
SHARES

Twitter Facebook Reddit

In a stark flashback to the catalytic event that ultimately brought down Bear Stearns in 2008, and subsequently unleashed the greatest financial crisis in history, last night we reported that Standard Life, has been forced to stop retail investors selling out of one of the UK’s largest property funds for at least 28 days after rapid cash outflows were sparked by fears over falling real estate values.
As we further noted, citing an analyst, “given the outflows the sector seems to be experiencing, this could well put downward pressure on commercial property prices,” said Laith Khalaf, senior analyst at Hargreaves Lansdown. “The risk is this creates a vicious circle, and prompts more investors to dump property, until such time as sentiment stabilises.”
As we concluded, whie Brexit is not a Humpty Dumpty event, where all the Fed’s horses and all the Fed’s men can’t glue the eggshell back together, it is an event that forces investors to wake up and prepare their portfolios for the very real systemic risks ahead. And, indeed, if Standard Life was the first domino, moments ago the second domino also tumbled when as Bloomberg reported that Aviva Investors Property Trust is as of this moment "frozen" citing "extraordinary" market conditions.
What is notable is that the drop in the fund is not even that bad: as such it merely shows what happens when everyone decides to pull their money out at once from a financial system built on ponzi assumptions, and how one should always panic first.

Cited by Bloomberg, Aviva said in an email that "market circumstances, which are impacting the wider industry, have resulted in a lack of immediate liquidity" adding that "we have acted to safeguard the interests of all our investors by suspending dealing in the fund with immediate effect”
As Laith Khalaf, a senior analyst at Hargreaves Lansdown cited above, put it, “the dominoes are starting to fall in the U.K. commercial property market, as yet another fund locks its doors on the back of outflows precipitated by the Brexit vote. It’s probably only a matter of time before we see other funds follow suit."
We could not have said it better ourselves.