Greece has once again "kicked the can down the road," but they may not be out of the woods yet according to the European Commission, European Central Bank and IMF, who have all warned Greece that action speaks louder than words. That brings me to the point of today's blog posting, and that is action speaks louder than words. In our case, it is market action that speaks louder than Fed Chairwoman, Janet Yellen, or any other verbiage that comes out of a politician's mouth. With that thought in mind, I'm going to take a look at the market action for all the major markets today, with a special look at gold (FOREX:XAUUSDO). I'll give you three reasons why you should be watching this market. It would appear at the moment that many of the world's disruptive events like Ukraine, Greece and the Middle East are all in a temporary recessionary mode at the moment. That leaves the markets themselves to determine their trends. Market action will always point the way to the next big moves as opposed to words and promises from world leaders.
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