Central bankers and G20 officials have apparently said they are willing to put in a coordinated effort to back stop any extreme volatility the markets may face after this weekends elections.
Most don’t realize that there is more than just Greece on the table over the weekend. There will also be major decisions made in Egypt that may have a huge effect on oil prices and France appearing as if they are going to be setting up a socialist control over parliament during the same time frame.
In light of all that is going on, it is an eye opening agreement that was announced today before Friday even, and before the actual G20 meeting takes place.
The G7 have already gone as far as to schedule a tentative emergency meeting during the G20 in Mexico if things get too out of control.
We can’t stress enough…buy bullion! This weekend has the potential to make the broken records over the years correct. Once again, a spike in metals could be what signifies the beginning of the end of all this mess.