Intraday Market Thoughts

A Euro Reason for Buying Gold & Silver?

by Ashraf Laidi
May 7, 2011 15:39

One year ago, Germany said it would crack down on naked shorts of CDS, driving down euro by 10%. On Friday, rumours circulated that Greece may leave the Eurozone. This may not be a reason to expect a 10% drop in EURUSD, but a valid argument (another one) for gold to rally. Click on full article and latest CFTC Gold Spec charts


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