More to PM May's Resignation Than Just Brexit Failure?
In this report, I cover the early market action from London on Monday, May 27th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil. Today I also look at the cryptocurrencies and the big move higher we have seen over the weekend.
The EU election results are out and in the U.K. the public has spoken and the Brexit Party has triumphed so the mandate should still be to leave the EU as soon as possible in my opinion. In this report, I also note that there might be a great deal more to PM May's resignation than just her failure to deliver Brexit. I note that Theresa May might have had some involvement with the Spygate or Russia Hoax.
I also look at some of the business headlines and note that the merger announcement between Fiat Chrysler and Renault is a symptom of how the automobile industry continues to struggle in the economic environment under which the world finds itself.
To conclude I give my opinion on the debate on whether Bitcoin will be the answer to our monetary woes or whether the gold and silver are still an important part of an eventual reset of the system.
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"UK Intel Agencies Frame ‘Spygate’ Involvement Ahead of Trump’s Declassification":
Yes the two main party’s got a bloody nose and rightfully so, they should not have ignored the people. Cheers mike
Yes, I agree with you. Both the Conservatives and Labour received a well deserved kicking. They only take notice when they lose votes, so hopefully things will change!
Yes, under the law of Article 50, we should of left the EU on 29th March without a deal. We have to obey the law, they don't!
Your broadcast yesterday on the corporate bond market was very worrying.
I agree with you that gold and silver will be at the forefront in a reset. as they are tried and tested - cryptocurrencies are too new.