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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by bond46on May 16, 2012 6:52pm
265 Views
Post# 19918224

RE: RE: RE: RE: RE: RE: Support

RE: RE: RE: RE: RE: RE: Support

Watch Greece for a bottom. If you're looking for a bottom watch the developments in Greece. Greece is going back to the polls on June 17 and if a left wing party takes the majority of seats in Parliament, Greece may exit the Euro. In the meantime, the Euro will be going downhill and when it hits $1.18, it may reverse. For the next four weeks Europe will be in turmoil and the Euro shorts will be having a feast. The turmoil will get worse if the Left in Greece gets the upper hand, but I doubt it. If Greece exits the Euro zone, the Euro will most likely go to parity with the $US and the QE3 will be a certainty. The Yanks will not sit back and watch the Europeans eat their lunch, they will devalue to boost their exports. And QE3 will come in, especially in an election year. At that time it would signal that the bottom has been reached. This is the time to start loading the truck with CMK stock. Who could have imagined a tiny country like Greece would have played such a role in world development. But again it is not without reason when they say "beware the Greeks bearing gifts" that the Trojan seer, Cassandra uttered before the Greeks used the Trojan Horse to breach the defenses of Troy and ransack that country 5000 years ago.

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