 | Money In Motion: Currency Trading
Bank Run Coming?
While the equity world remains transfixed by the Facebook IPO, there is much more serious and potentially dangerous development occurring in Europe: A potential run on the banks. Both Greek and Spanish financial institutions have reported an increase in deposits outflow as citizens worry about a growing debt contagion. Curiously enough, one would think those events would hit the euro even harder than it has. But money continues to flow into German and other euro-denominated assets, and that might be easing the blow. Regardless, it's clear investors are becoming increasingly nervous about the situation. We will show you our pros are trading the turmoil and how they're playing the euro now.
Get in on Gold?
For the last couple weeks, many investors pointed to the dollar's gain as the chief culprit for gold's pain. But perhaps there's another reason. Perhaps investors simply needed cash and were selling winners like gold in an effort to raise liquidity. That could be one explanation for the recent rout, and it could be why we are seeing such a dramatic turnaround for gold prices. With the exhaustion of sellers is complete, and with global turmoil front and center, gold bugs might sense an opportunity. We'll tell you how our guys are playing the gold rally, and what currencies you can use to trade the bullion bounce.
Mr. Gloom, Boom & Doom
And in a rare and exclusive interview, Marc Faber, author of the Gloom, Boom & Doom Report reveals where he thinks the euro will go next. We'll also get his view on the global economy and learn how he's investing right now. You'll want to listen to him. He's only predicted the last two financial meltdowns, and according to many observers, the market is showing some striking similarities to past periods of turbulence.
That's all coming up tomorrow on Money in Motion Currency Trading.
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MONEY IN MOTION CURRENCY TRADING BLOG
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