Bears & Bulls

Kia Ora,

Well after yesterday then the News really got interesting on the volatility of the markets.

There is a saying in the stock markets that when the Bull comes up the stairs, the Bear goes out the window. In other words a positive market or Bull market climbs up in a slower steady fashion, but when a bear market hits it drops fast.

The last two months are a very good example of this.

The 'Bull' market of the supposed Green shoots recovery has built up over the last two months & then it has beign wiped out by the 'Bears' over the last three days.

It will be interesting to see where things go from here.

Gold & Silver are down, but will they stay there?

When many Asian countries governments  have allegedly being telling their people to buy Gold & Silver for some time now.

History shows that what ever happens from here on in, it is the real money of Gold & Silver that will be the winners in the long run.

Already the British Chanchallor of the Exchequer(known as the Minister of Fianance elsewhere) is basically questioning the US plans for the banks. Following on from the Head of the Bank of Englands similar comments previously.

Then we have Greece & some of the other newer members of the EU starting to have issues over payments of subsidies to farmers as their own governments have run out of money to bail them out.

The idea of one currency is great, but when local conditions demand a response, it is hard to deliver when you don't have control over your montary policy.

This was actually one of the reasons NZ gave recently for, not at this stage, joining with Australia in an ANZAC currency. It also begs the question as too who will be in charge should the much talked about Amero (a combination of US, Canada & Mexico's currencies) after the collapse of the present monetary system.

You begin to get the idea there might be something in all these combined currencies post the sort out of the present mess. But will people allow it or use it if they see the Euro issues?