Tag

"buy gold in EURO"

Feb

2010

Call to Buy Gold in EUROs Up 7.92% Last 60 Days

By: Doug Eberhardt Category: Gold Tags: buy gold, buy gold in EURO, Gold naysayers, U.S. Dollar Index

While the Dollar Index has climbed to over 80, the EURO is breaking down from the 1.49 price of November 18, 2009 price of 1.49, currently trading around 1.36.

In the last 60 days, you can see by the chart below gold has risen by 7.92% priced in EUROs. Not bad for a two month’s return… What Will Happen Next?

What’s Going On With Gold?

By: Doug Eberhardt Category: Gold Tags: buy gold, buy gold in EURO, EURO, Gold, Gold Investing

I had been cautioning gold investors that the U.S. dollar price of gold breaking to new highs needed a confirmation of the dollar index breaking to new lows. The fact that it didn’t even break the March 2008 lows of just under 72, let alone 74, showed there is still some perceived strength in the dollar and that a reversal was possible.