Continued from Part 1 How Far Can the Euro Sink? There are two key areas in the charts below that we need to keep an eye on, the 6/10 low of 1.19 and the 11/05 low of 1.16. If these are breached, could it be game over for the Euro? How much money will Central Banks and the IMF throw at the …
Read MoreDec
17
2011
Are the gold bubble prognosticators right? Is the run in gold and silver over as they fall to a three month low? Nothing could be further from the truth. The reason gold and silver prices have fallen of late is because, as I have been saying, the Dollar Index is rising. This is a 40 year pattern that was last …
Read MoreNov
14
2011
Richard Russell of Dow Theory Letters fame repeats what I have been saying about the Euro, U.S. dollar and gold of late. I see the Euro fall and Dollar rise as a short term event that can put pressure on gold and silver prices moving forward. I still see $1,800 and $35 as a resistance point for gold and silver. …
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