This current cyclical bear trend for gold has probably got people worried about their gold holdings and perhaps questioning why they bought gold to begin with. This article will explain what’s going on with gold and help investors understand the big picture.
Read More0Dec
11
2009
Trading Gold In EURO’s Instead of Dollars Now Making Sense
By: Doug Eberhardt
Category: Gold
Tags: dennis gartman, elliot wave theory, EURO, Gold, trade gold, U.S. Dollar, U.S. Dollar Index
23 days ago I wrote an article Trade Gold In EUROS Instead of Dollars? Switching May Make Sense Soon where I presented the case that the GDP of the Eurozone didn’t support the appreciation the EURO was receiving over the U.S. Dollar, which also was experiencing lousy GDP numbers. It was the fact that the EURO was approaching its all-time highs against the U.S. Dollar that made no sense.
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