It will be intresting to see what effect this will have on the US Dollar vs Euro next week and how it will effect the precious metals market.Gold and Silver finished in a strong position on friday after this ann lets hope this flows into next week.
The words of German Chancellor Angela Merkel,
"For us, it is also important in the long term that the euro, which is such a success for peace and unity, remains stable. Yesterday was an important day for the euro," she said. The deal, reached late on Thursday at a meeting of European leaders, aims to halt the government debt crisis undermining Europe's currency union. The joint eurozone and IMF bailout program comes with strict conditions, making no money available to Greece right now."
The link: http://timesofindia.indiatimes.com/biz/international-business/Eurozone-agrees-on-Greece-bailout/articleshow/5729502.cms
Look at the turn around for the euro vs the USD after the ann.Could that be why the 30 year T-bond chart fell of a cliff? Have the Bond Voltures turned on America?
