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.
Eke!
Thanks Pashabxl,
Lucky I have you to keep me on my toes.
And thank you for your time.
1) Surely they wont let Greece default.
2) However, I know Greece has a History of defaulting.
How can the US get there dollar down?
What ammunition do they have left?
Glenn.
Pashabxl
⋅
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
ElPatron.Y
⋅
I agree, but I also disagree with 3 digits for gold you posted earlier.
Pashabxl
⋅
Thank you very much dear, I will take into consideration your views. At the present time, look at the level of XAUUSD now? ;-) Week end will be done with hard work for projection design concerning next weeks.
Thanks Pashabxl,
Lucky I have you to keep me on my toes.
And thank you for your time.
1) Surely they wont let Greece default.
2) However, I know Greece has a History of defaulting.
How can the US get there dollar down?
What ammunition do they have left?
Glenn.