Loading ...I see buying JNUG before the weekend similar to buying a lotto ticket—in case Le Pen wins—if she does, then, like Trump, gold could jump $50 Sunday night and be gone by Monday morning…on the other hand, G&S have been down, what? 14 days in a row? And some RSI’s are 10 and 20—so a Le Pen win could be a catalyst for what would have happened soon…and gold could start a week or two bounce within a bear market. And if Le Pen loses?? I think G&S are pretty sold out–gold could dip $10 but would probably be quickly bought.
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. The reality is that ‘economic collapse’ is happening every day, simply that only some of us notice it.
Forex simply gauges the tides as they ebb and flow, EUR/USD rate changes, but not really that much. Brexit gave us a 9% move which is huge for FX but not really statistically significant in the grand scheme of things.
Take a look at EUR/GBP for last 10 years:
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Dear Trader,
With the upcoming second round of the French Presidential Election this weekend, we require that your account balance plus any open profit or loss covers at least 3% of the total notional exposure across all EUR crosses and EUR Equity Index CFDs by 4pm (UK time) Friday, 5th May 2017. Where the cover is lower than 3%, we may reduce your positions to increase the cover on your account before the market close.
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