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Brexit Vote Now At Risk, The Markets & Gold React - Nathan McDonald

From the archives of sprott money news

June 20, 2016

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.

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About the Author

Nathan McDonald is a libertarian, entrepreneur and precious metals enthusiast. He has always taken a keen interest in free markets and economics since an early age, which naturally led him to become a true believer in precious metals and all that they stand for.

Nathan served eight years in the Royal Canadian Navy as an electronics technician, seeing the true state of the world, before starting his first successful business. He has since gone on to create a number of businesses, all of which are still in operation and growing.

In addition to this, Nathan runs a network of successful precious metals blogs, and a growing newsletter that has attracted readers from all around the world. He is a regular and highlighted writer for the highly respected Sprott Money Blog, which covers world events, geopolitics and of course precious metals.

*The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.

Comments

Mark Holladay
June 20, 2016 at 8:45 PM
Life is cheap to the ones that pull the strings. They will be judged, God help them on that day. What does it profit a man, who gains the whole world and yet losses his own soul. I can sleep soundly......And you?