Euro down will mean dollar up and Gold down....
https://www.armstron...uro-up-or-down/
Posted 03 April 2017 - 04:37 PM
Posted 04 April 2017 - 10:01 AM
while its obvious to all who look the euro is a badly flawed currency.
gold buying in the west is not that significant. in the usa hardly any investors buy the yellow metal
in europe it is better, but still not that significant
the significant buying comes from the far east.
since late 2016 the rupee has strengthened significantly against the dollar. which makes gold less expensive to buy for indians , it is indian wedding
buying season. modis bank restrictions have expired and folks are in there w/a firm bid.
i also think at some point soon kuroda/abe will abandon their failed qe programs and be forced to tighten rates.
dharma
Posted 04 April 2017 - 10:34 PM
while its obvious to all who look the euro is a badly flawed currency.
gold buying in the west is not that significant. in the usa hardly any investors buy the yellow metal
in europe it is better, but still not that significant
the significant buying comes from the far east.
since late 2016 the rupee has strengthened significantly against the dollar. which makes gold less expensive to buy for indians , it is indian wedding
buying season. modis bank restrictions have expired and folks are in there w/a firm bid.
i also think at some point soon kuroda/abe will abandon their failed qe programs and be forced to tighten rates.
dharma
It's going to be a roller coaster as confidence is lost in Europe then capital flees to the USA but eventually the USA will get into trouble too. Armstrong has made the point that the us markets are the only ones big enough to absorb so much capital.