7 May 2010 - 7:18Market Commentary 5/7/10

Hello all I hope you were able to capitalize on the dropping Euro or some other pair yesterday. That was really a gift, so far this morning we see a lot of volatility as well and there is a good likelihood of more huge moves today. Especially once the market knows what the payroll report comes out as. I don’t buy the story that someone sold the wrong amount of stock yesterday. More likely the markets were reacting to the pending financial reform bill, the Greece situation and the “unsustainable” socialism in the Euro zone. BE prepared to buy more gold and short Euro again today.