Where is the next global financial center for the EU? Spreading core operations over multiple cities is not an efficient model for financial firms.
Gold is off 16 percent from its high, silver almost 40 percent down from the record high established in May of this year.
Last week, we looked at a perfect central bank intervention. Markets reacted immediately shedding about 400 points off the value of the Yen against the Dollar.
Despite positive market signals and an extension of a Greek default, fundamentally nothing has changed and more is sure to unfold in this European saga.