Brexit vote
 

i just saw gold jump from down $6.00 to up $ 12.00 in one shot. must have something to do with the vote

the british pound is now tanking

no way, they left? oh hold it that means they're staying.

Live --> http://www.telegraph.co.uk/news/2016...-results-live/

First reports -->http://www.telegraph.co.uk/news/2016...and-live-maps/

Everything spiked. Bonds, S&Ps, etc.

It's just the markets being nervous. The press is reporting that the vote is very close when in actuality it's the polls that are close, and there are no real voting results in yet.

The markets will equalize and go back to where they were once the referendum fails.

Should it pass, then the spikes will continue.

Didn't Henry VIII settle the issue of European dominance over the English 500 years ago?

They need to leave the EU asap. It has been a disaster since its inception. Open borders and financial bailouts to irresponsible nations.

Leave has started out strong, and bookmakers have them as favorites at this point, which I think has taken many by surprise.
It's early though.
Historic moment in any case.

Major nose dive on futures now, with the /ES (S&P) down 40 points. Flash crash city.

Looks like maybe the European bookmakers got it wrong - again - just like the Greek vote last year.

gold was down all week but the gold miners were either flat or up. the bookmakers never have it wrong, its only the bettors that make the mistakes. they support the prices. Truman was an 8-1 underdog to win the presidency, Dewey got destroyed!

Texas is next
 

followed by the South ... again

Well, I suppose that's true if you believe the books don't take a stand on the pools.

Earlier this week the talk was all around how the "smart" money, making larger wagers, was in the REMAIN camp, and being balanced out by many more smaller LEAVE bets. Now one would think, in an election where all votes are equal, that LEAVE would have been 1 to 9, and REMAIN at 6-1.

You would think.

Extremely close
 

6.2 million votes counted so far - around 30,000 more for REMAIN.
Way too close to call, and it's going to take over 16 million votes to win.

UK books are still betting on it - they have REMAIN at around -1.50/LEAVE +1.25

Now the odds have flip flopped.
LEAVE is ahead by 200k with over 10 million counted.

Gonzo
 

They're gonna LEAVE.

Hold onto your gonads in the markets :eek: :eek: :eek: