Yep,Ex guy...

The whole world is in flux and the commodities are taking a beating but gold should come out on top..

And I agree with you..probably a margin called seller or Rico..'cause his old lady beat him to a pulp..had to sell off his stash so the Missus could go to Bingo...

He can't hold off on the Missus if she can't have her Bingo and Beer money..

Portee

NEW YORK (Commodity Online): Persistent worries in Europe over the political uncertainties in Greece have made the global commodity market more tense and volatile. Commodities have weakened and may remain unpredictable for the near term.

The present situation in Euro zone is intense as Greece failed to create a coalition government as a consensus could not be reached by the political parties.

This may to lead to another election in Greece, which in turn would further delay the process of the bailout packages for the country, turning the conditions more intense.

The political parties in Greece are opposing the stringent cost-cutting imposed by the Euro zone and the International Monetary Fund (IMF) in return for bailout loans.

The commodities like crude oil, gold, agricultural products like soybean, corn, rubber etc which are traded across various exchanges across the globe has been affected badly and likely to persist till the
Greece crisis settles.

Soybean in Chicago board of trade (CBOT) hits six week low on Monday, similar conditions is with other commodities too. Rubber fell to four month low in Tokyo Commodity Exchange (TOCOM), Gold fell to 4 ½ month low.

Greece has time until Thursday to either form a government or call new elections. If not it would be forced to move out of Euro zone and it will further worsen the situation in the country.