Hello MarketClub members everywhere! The votes are counted and almost everyone got this one wrong, including the British betting shops. It's official - England is leaving the EU after 43 years.
I guess I was in the right camp when I posted this on June 14th.
The early reaction was the British Pound falling to its lowest levels since 1985 and stock markets around the world crashing. The one bright spot was the rush into gold which once again shot up over the $1300 level and seems poised to move to the $1400 level.
Indices: Looking at the major indices here in the U.S. this morning they are all going to be sharply lower and under pressure. [Read more...]