3 Reasons for the Euro Strength and What’s Next

posted in: Charts, Currencies, ECB, eur/usd, euro | 0

The EUR/USD currency pair is fast approaching a key technical crossroads :   The ~1.15 level represents support/resistance from January/February and also roughly equates to a 50% retracement of the entire December-March decline from 1.2556 to 1.0462. One can also … Continued

Sea Change in Gold Forthcoming

We’ve written on this topic before and I am compelled to make this point again, even more emphatically. While persistent deflationary conditions that last for years are certainly not bullish for gold, the threat of deflation IS actually bullish for gold. … Continued

Largest Increase in Gold ETF Holdings Since Summer 2012

posted in: Exchange Traded Funds, GLD, Gold | 0

During January the GLD exchange traded fund experienced the largest monthly increase in its gold holdings since summer 2012: The August/September 2012 GLD inflows had a lot to do with the Federal Reserve’s ‘QE3’ announcement which occurred on September 13th, 2012. … Continued

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