Wednesday, May 26, 2010
New Video: The Return of the Greek Drachma ... it's Coming
The reality is, the world is in a whole mess of debt and it's all coming due at the same time.
Make no mistake about it, the situation in Europe is dire. The problems with Greece are well known. The problems in Spain are growing, and the problems in Ireland and Portugal are about to rear their ugly heads.
We are not going to rhapsodize about the problems in Europe, they are well known and are manifesting themselves in the price action of the world markets, however, in this short video on the euro we want to show you how monthly charts and our "Trade Triangles" tell the story and show the trend very clearly. We also show you a simple method that you can use in your everyday trading to estimate how far a move can go.
My hope is that this new video will highlight some of the reasons why we believe we could be seeing some strong opportunities in this market.
Just click here to watch the video and as always it is available for viewing now and there is no charge or registration requirement. Please feel free to leave a comment and let us know what your thoughts are on the video and the future of the Euro.
Watch "The Return of the Greek Drachma ... it's Coming"