This week for first time german chartists talk about USD: EUR parity feasibility apr. end of year.
The Euro today has broken a chartpoint 1,1876. Martin Armstrong (there was a film the forcaster of his life, not to be shown in the United States) of armstrongeconomics.com saw an eventual temporary USD low this week before continuing a considerable increase in the next years against other currencies.
He has a automatic ask-socrates system that forecast without human beings involved metals, currencies, agricultural products. I am a subscriber, the basis system is rather unexpensive.
Now we eventual could get the beginning of a further meltdown against the USD this week . AUD is down nearly 2% this month against the USD.
As Matsa Lake Carey is a mix of marginal and high grade projects I think the currency issue will be the most important to watch, in the end everything in their claims might be come saleable thru a lower AUD.
Gold falls less as the USD at this moment.
MAT Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
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