http://wolfstreet.com/2016/06/29/nirp-negative-interest-rate-absurdity-11-7-trillion-after-brexit/

It seems everything that happens in this world – Brexit is just another event in a long list of such events – pumps up the prices of government bonds and pushes down their yields, as frazzled central bankers resort to lowering rates even further and buying even more bonds, to counteract the very forces that their harebrained, scorched-earth policies have unleashed, and as investors no longer know where to turn to, in a landscape where nearly all assets are ludicrously overpriced and infested with risks. And no one knows how to back out of it without blowing up the whole system.

FTSE

ideally we see a reversal from 6200 and a swift move down to 5900

the longer term chart shows critical resistance here,not least from the 50week moving average which is trending sharply.

based on measured moves and channel intersects 5000-5100 doesnt seem impossible,but we shall see

Dax

This is the channel chart I posted before....the breakout on Thursday was a classic Pinnochio bar ,but almost impossible to act on,given the gap down

SPY

a move down to the bottom of the channel seems likely

Ftse chart.....the 250 day ma which I highlighted previously is suggesting a strong downtrend,which will not be reversed quickly.The 5291 level highlighted on the chart is the 50% retracement of the rally from 3460 to 7122

Korelli's take on Ftse

http://johnpilger.com/articles/why-the-british-said-no-to-europe

The most effective propagandists of the "European ideal" have not been the far right, but an insufferably patrician class for whom metropolitan London is the United Kingdom. Its leading members see themselves as liberal, enlightened, cultivated tribunes of the 21st century zeitgeist, even "cool". What they really are is a bourgeoisie with insatiable consumerist tastes and ancient instincts of their own superiority. In their house paper, the Guardian, they have gloated, day after day, at those who would even consider the EU profoundly undemocratic, a source of social injustice and a virulent extremism known as "neoliberalism".

 The aim of this extremism is to install a permanent, capitalist theocracy that ensures a two-thirds society, with the majority divided and indebted, managed by a corporate class, and a permanent working poor. In Britain today, 63 per cent of poor children grow up in families where one member is working. For them, the trap has closed. More than 600,000 residents of Britain's second city, Greater Manchester, are, reports a study, "experiencing the effects of extreme poverty" and 1.6 million are slipping into penury.

Little of this social catastrophe is acknowledged in the bourgeois controlled media, notably the Oxbridge dominated BBC. During the referendum campaign, almost no insightful analysis was allowed to intrude upon the clichéd hysteria about "leaving Europe", as if Britain was about to be towed in hostile currents somewhere north of Iceland.

a great quote from Simon Heffer

 "what we have just experienced is a historic moment of democracy - a moment so historic precisely because it showed a nation's determination to regain its democracy ,and to punish a poliitcal class that had connived at its loss.It has also punished a self-elected elite- businessmen,pundits,academics and vacuous celebrities - who presumed to lecture people about the exrecise of their votes. The result served the lot of them right.If they are miserable about what has happened,they should have the humility to grasp how far they are responsible for it. "

(Sunday Telegraph Jun 26 "We can unite Britain but only if our politicians respect the people")

from Ron Walker's site (chartpatterntrader)

Joanne Klein's long term mechanical trend following chart in whipsaw mode....sell signal likely in next few days or weeks ?

http://www.peakprosperity.com/podcast/99011/dmitry-orlov-us-sleepwalking-towards-nuclear-confrontation?utm_campaign=weekly_newsletter_237&utm_source=newsletter_2016-06-24&utm_medium=email_newsletter&utm_content=node_link_99011

FTSE

A great day to be British !

Patriotism may be the last refuge of a scoundrel,but today I feel patriotic and optimistic for the first time in a while

Gold

Ftse....Gann square of 90 ?

Wednesday 22nd is 90 td from the 5500 low and is is a potential square of 90 as we rallied 900 points off the low (actually 927 points) so time and price will square tomorrow (or on Friday if we count the range exactly) The solstice is also an important marker for trend change .

15 min chart with 50 period mvg ave

http://www.silverdoctors.com/headlines/world-news/elites-bring-out-the-big-guns-rothschild-osborne-threatens-with-suspending-market/

"Osborne also played down claims he could be forced to leave the Treasury after the referendum amid anger form Tory backbenchers over the way he has campaigned, saying: “It’s really not about my job”.
Oh but is George, just like it is in Soros and Rothschild’s own self interest for the people to vote “Remain.” To suggest otherwise is naive, but it may also be irrelevant. With just three days until the vote, the scaremongering tactic, not to mention the murder of an innocent woman, may have already done its job judging by the reveral in public opinion."

Diageo

as a bear this chart really interests me....it has gone nowhere for 3 years but look at the long term chart and the crashes of 2000 and 2007 now appear like blips......I think this is most likely  a great long term buy even if markets in general look unattractive here

Ftse

the same moving average alignment in 2007-8 :

Gold

Ftse intraday chart

Nasdaq

chart from Kimble

Dow

Crude

Big reversal day Friday...

FRES

Fresnillo has hit the 12.00 target posted some weeks back

FTSE

On Friday we finally got a clear breakdown from the channel pattern I have been monitoring

http://www.maxkeiser.com/2016/06/true-potential-atomic-bomb-in-the-works-for-july-are-china-russia-standing-for-silver-gold-delivery/

"My point is this, someone very real and very big is standing for gold. This “someone” would not be bribed to go away last month and does not look like they will go way this month!
Who is this long who all of a sudden cannot be bribed to stand down?
As you know, I have speculated the Chinese (and Russia) have been positioning themselves to abandon the dollar as the reserve currency. I theorized nearly two years ago it was the Chinese who held the long month after month and rolled them …until they won’t and then demand delivery.
I still believe this is the case as the open interest in silver has stayed so high, only pockets as deep as a sovereign could have sustained the losses. It also needs to be said again, no market has ever seen open interest expand to all time record highs …while the price was plumbing multi year lows.
A reconciliation will come at some point, either open interest needs to be washed out or price skyrockets, one or the other."

 http://www.safehaven.com/article/41625/you-are-here   The Fourth Turning

"The people are collectively revolting against the existing social order as they are finally realizing they have been used and abused by the ruling oligarchy as pawns in their game of world domination. The obscene wealth of the .1% has been absconded from the working class through abuse of the tax laws, trade deals, regulations, monetary policy, public school indoctrination, peddling of debt to the masses, and relentless propaganda. The systematic manipulation of the financial, monetary, political and commercial markets by the money masters has left the country like a mighty diseased, hollowed out, rotting oak tree - one storm away from collapsing and splintering into a thousand pieces. A gathering storm approaches.
The mood of the country has turned dark. The political parties are splintering. The elites in NYC, DC, and LA are appalled the peasants in flyover country are not following orders and voting for the hand-picked lackey candidates. If Clinton can avoid indictment, she'll represent the establishment versus the anti-establishment Trump in the upcoming election. The establishment is using the power of the press to try and discredit Trump and Sanders. It's failing. The mainstream media is now trusted and respected on par with Congress - lower than whale shit."

Ftse

and a chart with an  Elliot Wave count for which thanks to Sukimoto

Dax

http://www.washingtonsblog.com/2016/06/mafia-expert-calls-great-britain-corrupt-place-earth.html

"Britain is the most corrupt country in the world, according to journalist Roberto Saviano, who spent more than a decade exposing the criminal dealings of the Italian Mafia."


 .....but,but.....if this were remotely true surely  the BBC would have exposed it :-)