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Or maybe its due to Goldman Sachs’ High Frequency Trading Black Box going hay-wired??
Interestingly enough, gold shot up at about the same time. This is flight to ultimate safety & insurance. You can hear Mr. Jim Sinclair views here:
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/5/6_Jim_Sinclair.html
I concur with your views regarding Greece & the Euro zone. This chart shows it all. Whole of Europe is tangled up:
NY Times – Europe’s Web of Debt:
http://www.nytimes.com/interactive/2010/05/02/weekinreview/02marsh.html?ref=weekinreview&utm_medium=email&utm_source=MyNewsletterBuilder&utm_content=trechairman108%40mac.com&utm_campaign=Guild+Global+Market+Commentary+1410308413&utm_term=The+New+York+Times+Europe+Web+of+Debt
As Jim Sinclair says, all US & EU states will be bailed out using quantitative easing (printing money out of thin air) with global hyper-inflation as a by-product.
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