Every country wants to devalue, so the ECB's long lead in the devalue stakes has come to a halt. When the Euro comes down from its current peak, it will rise to its next peak somewhere around the same. The trend continues upwards.
Comments
IvanLabrie
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Excellent, same view.
Can you chart Silver (SLV or XAGUSD)?
Thanks.
KrunchieKilleen
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Silver is a total mystery to me. Why is Silver so strong, when gold is on the ropes? All I can say is that it is at or near the top of its normal channel, which can hardly presage much further growth. Silver chain-links were the currency of ancient Ireland, before currency, not gold!
IvanLabrie
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Thanks.
I guess it's related to the actual usage silver has compared to pure speculation in gold?
I found it's sitting at an interesting monthly support level, so I figured I'd keep an eye on it.
Can you chart Silver (SLV or XAGUSD)?
Thanks.