Brexit Vote Now At Risk, The Markets & Gold React

Diversifying For Brexit

Brexit Vote Now At Risk, The Markets & Gold React by Nathan McDonald, Sprott Money

The assassination of Jo Cox, one of the leading members involved in the anti-Brexit campaign, has sent markets spinning. One moment the markets are up, the next they are down. The same goes for precious metals.

The elite know the risk of Britain leaving the EU. They know that it risks setting some of their hard-earned minions free and that it will crush their long-term dreams of a one global currency and government. Ultimately, this would be a massive set back for them, and now we are seeing all the tricks coming out.

A few weeks ago, I speculated that the establishment risks losing the Brexit campaign unless they pulled off some dirty tricks to either change people’s opinions or to force the vote suspended. With the death of Jo Cox, this reality is incredibly real.

Does this mean that she was assassinated for some ill purpose, as many conspiracy theories are now speculating? I am not saying this, but many are. Sadly, we are unlikely to find out the truth, but regardless of the matter, it is an incredibly suspicious development and tragedy.

I don’t know, and nor will the broad public likely ever know. Either way, the almost-certain to win pro-Brexit campaigns are now in serious trouble and facing very strong headwinds.

This fact has sent markets higher as the likelihood of Britain remaining in the EU has once again gained traction and thus has dispelled much of the uncertainty that the markets loathe so much.

Gold has also reacted to this news and has broken through the key $1300 level, moving above and below as it tests resistance levels.

Gold’s renewal in strength has once again brought many of the precious metals experts out of the woodwork and new calls for highs are being made. Two of the most recent to make these calls are Doug Casey, who is calling for $3000 gold, and Martin Armstrong, who is much more cautious in the short term, but positive.

The next few weeks are going to prove pivotal in the direction our global economies go, especially in regards to gold and silver.

Will the Brexit vote go forward? Will they be able to maintain their hold and regain their freedom and liberty, or will they be defeated now that public support has taken a major blow following the horrible assassination of Jo Cox? Time will reveal all very soon.

Brexit

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About the Author

Sprott Money
Established in February 2008, Sprott Money Ltd. is a leading precious metals wholesale, institutional and retail dealer selling gold, silver and platinum bars, coins and wafers online and over the phone. Our storage program gives clients the ability to store their precious metals in multiple storage facilities located in Canada, the United States and internationally. We also recently launched IRA precious metals accounts for our U.S. clients. Our company strives to facilitate ownership of precious metals no matter how big or small your portfolio. Since our inception, we have prided ourselves on superior customer service, providing our clients with only the highest quality bullion products, in addition to delivering them discreetly and on time. Sprott Money Ltd. is a privately held company owned and operated by Eric Sprott

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