Euro

As the Euro makes a panic spike down, Gold priced in Euros is ramping higher, acting as a perfect currency hedge and a much better one than the stock market. Here’s a 6 month chart of Gold priced in Euros thru today’s close (chart courtesy of goldprice.org): Meanwhile, the European stock markets (using the Dow … Continue reading

1.   Nouriel Roubini is back!  So are a boatload of other top economists, all horrified as they watch what they term “the tip of the iceberg”. The Euro crisis has deepened into a catastrophic mess, one that has just started.  While it all looks hopeless, I want to remind you that the “banksters” continue to … Continue reading

The stock market plunged hard after S&P downgraded Greek debt to junk status and cut its ratings on Portugal sovereign paper.  What may have taken most observors by surprise is the spike up in gold that occurred, even with a move higher in the U.S. dollar.  Gold has been transitioning this year into its 5000 … Continue reading

This essay is based on the Premium Update posted on April 23rd, 2010 In our previous essay we’ve discussed i.a. the changes in the strenght of influence that the U.S. Dollar has on the price of gold and what it means to gold Investors / Traders. In the following essay, we will provide you with … Continue reading

Gold fell the most in two months as the SEC’s action against Goldman Sachs (GS) spurred investors rushing out of riskier commodities and into perceived safer assets such as the U.S. dollar. Futures for June delivery slid 2% in one day to $1,136.90 an ounce……

I’m not sure you want to short this chart.  But it sure explains the motive behind the massive long position in the euro taken by the “commercials” aka Big Banks: (click on char to enlarge) A big rally in the euro should translate into a big move higher in gold [ad#TDG 500×100]

The CFTC’s latest weekly Commitment of Traders report shows that after a brief respite, potentially dictated by Goldman’s very temporary euro bullishness, the euro is back to having a record number of non-commercial futures-only positions at -74,917. This is a more than 50% increase from last week’s -46,341. As a reminder the prior euro net short record was -74,551 two weeks ago…

Greece Exposes Future & Opportunity By Neil Charnock goldoz.com.au We are looking at a high probability of a rally in the gold price in the coming weeks which will spur gold stocks into upward motion yet again. This is suggested due to fundamental and technical reasons. Inflation (of the money supply), increasing demand and coming … Continue reading

As the euro is plunging (and dollar by implication surging) with gold yet again flat and looking like it may turn positive for the day, gold denominated in euros just hit another all time record of €827.

Another month goes by, and another new all-time high for gold. At least for Europeans…..

In an editorial penned for the Financial Times, billionaire investing icon George Soros said that while Greece could be salvaged by a makeshift financial-rescue package, bigger problems lie ahead for the euro.

The demise of the euro and pound has been disguising the dollar’s troubles. But now that fig leaf is falling away….