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06-23-2016, 07:46 PM
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#1
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,731
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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
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06-23-2016, 07:47 PM
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#2
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,731
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the british pound is now tanking
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06-23-2016, 08:03 PM
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#3
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Veteran
Join Date: Feb 2009
Posts: 1,950
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Quote:
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Originally Posted by lamboguy
the british pound is now tanking
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no way, they left? oh hold it that means they're staying.
Last edited by ebcorde; 06-23-2016 at 08:04 PM.
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06-23-2016, 08:12 PM
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#4
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Registered User
Join Date: Jan 2007
Posts: 18,962
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06-23-2016, 08:20 PM
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#5
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tmrpots
Join Date: Jun 2008
Posts: 2,285
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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.
Last edited by barn32; 06-23-2016 at 08:28 PM.
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06-23-2016, 08:23 PM
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#6
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Refugee from Bowie
Join Date: Nov 2007
Posts: 1,598
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Didn't Henry VIII settle the issue of European dominance over the English 500 years ago?
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06-23-2016, 08:28 PM
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#7
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Registered User
Join Date: May 2014
Location: st louis
Posts: 2,978
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They need to leave the EU asap. It has been a disaster since its inception. Open borders and financial bailouts to irresponsible nations.
__________________
You will never achieve 100% if 99% is okay!
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06-23-2016, 09:06 PM
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#8
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Registered User
Join Date: Aug 2007
Posts: 8,429
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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.
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06-23-2016, 09:08 PM
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#9
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Registered User
Join Date: Jan 2015
Posts: 1,955
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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.
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06-23-2016, 09:25 PM
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#10
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,731
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Quote:
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Originally Posted by Parkview_Pirate
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.
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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!
Last edited by lamboguy; 06-23-2016 at 09:27 PM.
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06-23-2016, 09:25 PM
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#11
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Veteran
Join Date: Feb 2009
Posts: 1,950
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Texas is next
followed by the South ... again
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06-23-2016, 09:41 PM
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#12
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Registered User
Join Date: Jan 2015
Posts: 1,955
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Quote:
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Originally Posted by lamboguy
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!
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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.
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06-23-2016, 09:52 PM
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#13
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Registered User
Join Date: Jun 2009
Posts: 14,565
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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
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06-23-2016, 10:23 PM
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#14
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Registered User
Join Date: Jun 2009
Posts: 14,565
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Quote:
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Originally Posted by horses4courses
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
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Now the odds have flip flopped.
LEAVE is ahead by 200k with over 10 million counted.
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06-23-2016, 10:35 PM
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#15
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Registered User
Join Date: Jun 2009
Posts: 14,565
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Gonzo
They're gonna LEAVE.
Hold onto your gonads in the markets 
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