Euro

Professional commodities trader Dan Norcini joins us to analyze the fundamental and technical factors driving precious metals….

Topics covered include Gold, gold stocks, US equities and the Euro…

Almost certainly prices for goods in Cyprus will rise as a result of its banking crisis, because the imposition of capital controls will restrict imports, leading to supply bottlenecks. In addition residents will no longer be complacent about keeping money on deposit, but seek other alternatives.

The expected break out on gold stocks failed to eventuate in 2011 as market leader NCM headed south during September. Most gold equities here finished the year weak and ready for a bounce. The elite stocks held in our Educational Portfolio (as higher weightings) did exceptionally well however, yet the sector performance dragged back the overall results for 2011.

This may be the year that weaker member-states are booted from the euro.

Commodities In Characteristic Selloff

As the Euro zone debt crisis flares fears among the consumers, gold hits a record high level emphasizing the fact that it is a safe haven for most investors. The much talked-about credit downgrade and the raising of the debt ceiling are the 2 most happening financial events that have had a global effect … Continue reading

Ever wonder what it would take for Greece or the other debt ridden nations to leave the euro? According to a UBS report there are no such provisions.

Back in July I wrote an article discussing the fact that the Euro had failed so far to come under pressure during this wave of the European debt crisis. In fact it was still in a technical uptrend since bottoming in 2010 after the first wave of the Euro crisis

If you simply looked at a chart of the Euro over the last year or so, and didn’t know about all of the problems facing the European Union, you could conclude that the Euro was just experiencing a pullback in an ongoing uptrend.