When you have an unprecedented rally, you obviously get an unprecedented fall. What goes up, must come down. I wasn't surprised. This is what you call a bursting bubble.

Gold futures fall more than $100 an ounce on COMEX

first 1600 psych level, then 1580. But it doesn't mean it will stop there. 1530 is probably not a long shot

Gold futures fall more than $100 an ounce on COMEX

So if Greece defaults, does that mean that the ECB will own all of Greece's state owned companies? That's a rhetorical question by the way.

EU plans Greek buyback program open to all debt, all investors

I say China, US, EU, IMF, World Bank, etc. should not dictate. It is an open market and all entities should do whatever they feel is in their best interest. All this manipulation has to stop otherwise we will have an exclusive market for the big ...

China says IMF should diversify global reserve currencies, study defects of world monetary...

Position building on up-spikes is the key to trading volatility and that is exactly what I am doing. However, I did have to cash in mid last week as it looked like the retrace was turning into a reversal. I guess I chickened out. No worries though ...

EUR/USD bids just under the recent lows

New definition for TARP The American Receivership Plan

French TARP Rumor Spreading, CHF Gaining

Please back up your statements with facts. How exactly is USA responsible for the euro debt crisis?

German finance minister says may need to revise the second Greek bailout

Because it is Slovenia. No economic impact. Too small.

Slovenia joins euro zone downgrade list

That's volatility for you... and it will continue into the NY session. Up, down, up, down and then crash... unless some red rumor comes out saying that Greece found €200 Billion it didn't know it had.

EUR/USD bids just under the recent lows

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Greek default talk gathers pace, markets pause on G20

Ha Ha. Get real. A 1400 pip drop in one day? Perhaps if 5 countries defaulted at the same time, but not today.

EUR/USD bids just under the recent lows

foto, Nice post

EUR/USD bids just under the recent lows

From a technical perspective you are absolutely correct. However, you have to take the fear factor into account. Would you hold risky assets over the weekend after Greece fails to push through austerity measures required for their next €8 bln ...

EUR/USD bids just under the recent lows

Perhaps this article was written before the Dow and SP500 broke through yesterday's lows and before the Footsie and Dax sliced below the 5000 handle. As far as I can see, the markets are not pausing.

Greek default talk gathers pace, markets pause on G20

Economically you are absolutely correct. Politically you are dead wrong. C'est la vie. If Greece defaults, unfortunately it will be disorderly. Either way, euro will probably still see 1.20 or lower. Global economic slowdown, ECB 50bps cut in ...

EUR/USD bids just under the recent lows

Footsie and Dax have both broken below 5000. Not good. and SP500 about to break yesterday's lows

EUR/USD bids just under the recent lows

The bidders will get squeezed. No problem. Nobody wants to hold anything risky this weekend. Greece does not have enough votes to push through austerity measures. Therefore they will not meet Troika requirements.

EUR/USD bids just under the recent lows

In computer terms... CTRL-ALT-DEL Also known as the three finger salute.

Greece on Edge of Biggest Insolvency 24 Centuries After First City Default

That's going back 4 generations. So the neighbour would be what? 4 years old? and the uncle would be about 90? LOL

European stocks see early rally, Asia slumps