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$1,391.7 gold futures

Greece wont help gold either, in fact Im predicting Euro market...

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AverageJoe

41,135 Posts.

1007

03/07/15

15:54

Post #: 15577732
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Originally posted by johnyb26 ↑

Gold is measured in US dollars , thats because the United States Dollar is base trading currency due to the long standing strentgth and stability of her economy, her open and transparent economic and political sytems and the acceptance of that by most countries of the world.

Gold started the year at $1184.20 USD dollars and it is now trading considerable lower than that. Gold has been a complete waste of time to trade this year, her highs and becoming lower, her lowers at best erractically stable in the shorter past, but clearly gold is in a long term bear trend. In the end, the AUD wont save you from that. But you seem the the type to learn the hard way, as you did when you bought spme gold stocks like TRY for 50% plus prices to what they are trading now.

Greece wont help gold either, in fact Im predicting Euro market rally when all this is done and dusted.

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Greece wont help gold either, in fact Im predicting Euro market rally when all this is done and dusted.

Euro together with GBP and JPY makes up most of the USDX so a rally in Euro usually imply USD weakness and gold strength as a loosely defined relationship.
2 Upvote

0 Great analysis

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