Euro

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….

Abstract: For all its fatal flaws, the $USD is still king of the hill – and for now at least, the focus of investor optimism has shifted to the United States.

Source: Interviewed by Karen Roche, Publisher, The Gold Report  02/19/2010 Resource companies that discover and develop deposits come with enormous upside potential, but after decades’ worth of prospectors poking and prodding, drilling and digging all over the planet, lucrative finds prove few and far between. In this exclusive Gold Report interview, Resource Opportunities editor and publisher … Continue reading