There is a sea of red on my watch page, mostly miners. While it is a bit early to count chickens, the mood of investors in MYG has definitely changed.
The bid is builidng nicely, and if the expected QE comes next week then we could see another nice rally on the back of a rally in gold. Christine Lagarge put it most eloqnently
LUXEMBOURG - The head of the International Monetary Fund warned Thursday that the euro is under "acute stress" and piled pressure on Germany by advocating a series of measures to pull Europe out of its crisis that its Chancellor Angela Merkel has strenuously opposed.
Christine Lagarde urged leaders of the 17 countries that use the euro to consider jointly issuing debt, aiding troubled banks directly and perhaps relaxing strict austerity conditions on countries that have received aid — all measures that Merkel, the leader of the eurozone's largest and most powerful economy, has resisted.
MYG Price at posting:
7.4¢ Sentiment: LT Buy Disclosure: Held
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