FX:XAUUSD Gold / U.S. Dollar
The Greek tension and the futur about its debt will give the short term direction of Gold . If the Greek Debt is being under pressure because no solution is found at Euro level, there precious metal may go up qukcly. On the other hand, if we do progress towards a solution, the precious metal may resume its "natural" path which is down the road towards 1180 and then 1174 etc.
Dear Glenn, except, info Ops, or pushing US investor to buy EU Tresory bonds, or FED giving a "support" buy buying for ECB bonds on the secondary market that would then push the market to sell USd in order to buy ECB's Bond in Euro, there isn't much room for manoeuvre. Playing on the interst rate swaps a little bit on the 3 years, 4 years , and that is it. So there isn't a lot to do unfortunatly for FED