Updating one of our favourite fear gauges: the US long bond index (price is rising) over the Canadian dollar (price in down trend) = ‘risk off’ still the dominant theme.
Source: Cory Venable, CMT, Venable Park Investment Counsel Inc.
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Cory’s Chart Corner
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So true. It all comes down to who is behind it? What is the motive?
When I first saw the news of Greek’s PM called for the referendum, first I said to myself this is a political suicide. Then, I thought that he is ,finally, trying to represent the 99%. And, today, I read this viewer’s comment from RT’s the “Keiser Report” Here is the juicy part – “In 2009 Niko Papandreou, PM’s brother, bought for himself about 26 billion euros of notional CDSs from Greek postal bank” WTF!? Here is the link to see for yourself – http://rt.com/programs/keiser-report/episode-204-max-keiser/
Another irony I picked up today is that RT = Russia Today which is “allegedly” funded by “Russian Gov’t” ? Anyway, I still enjoy Keiser Report for its entertaining honestly biased opinions. Once again, love the chart. Thanks. JW, Vancouver