April 23, 2012 By gpc1981
As expected Francois Hollande won the first round of the French elections. He and Nicolas Sarkozy will run against each other in the second round, which will occur on May 6th.
The Euro isn’t taking this news well. As I write this Sunday night the Euro currency futures have gapped down. I’ve added this move to the chart below.
130 remains the line in the sand for the Euro. If we take it out with conviction then we’re in BIG trouble.
believe we’re at most a month or so away from this.
spells MAJOR trouble for
Until recently, the caja banking system was virtually unregulated. Yes, you read that correctly, until about 2010-2011 there were next no regulations for these banks (which account for 50% of all Spanish deposits). They didn’t have to reveal their loan to value ratios, the quality of collateral they took for making loans… or anything for that matter.
one would expect, the cajas have been collapsing like
dominos in the last few years.
On top of this, Spanish Banks are drawing a record €316.3 billion from the ECB (up from €169.2 billion in February).
have gotten so bad that Spanish citizens are pulling their money out of
In other words, the EU collapse is about to enter its next round. Remember, all collapses follow the same pattern:
1) the initial drop
2) the re-test/ attempt to reclaim upwards momentum
3) the roll-over/ REAL fireworks
most money is made during #3. Right now we’ve finished #1 and are now ending
#2. When #3 hits (likely after the French election on May 6th), is when
the REAL Fireworks will begin (assuming
So if you’re not already taking steps to prepare for the coming collapse, you need to do so now.
With that in mind, I’m already positioning subscribers of Private Wealth Advisory for the upcoming EU collapse. Already we’ve seen gains of 6%, 9%, 10%, even 12% in less than two weeks by placing well-targeted shorts on a number of European financials.
And we’re just getting started. Indeed, we just opened five new trades on last Friday. Already four of them are up (4%, 4%, 5%, and 6%) in less than a week.
you’re looking for the means of profiting from what’s coming, I highly suggest
you consider a subscription to Private Wealth Advisory. We’ve
locked in 46 straight winning trades since late July (thanks to the timing of
our trades), and haven’t closed a single losing trade since that time. And we
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