Fascinating space for Gold right now.
It seems that gold was setting up for a Greek exit compelling coordinated currency printing.
Now it looks like Greece is in (for the moment) which must surely compel the presses to run hot over a longer period.
No growth, huge debt, there is only one way out, inflation, brought about by competitive devaluation and quant easing. Of course competitive devaluation means everyone has a go. Europe will not have it to themselves.
I am hoping that the technical guru can tell us what the chart tells us about gold?
Short term it must pull back as the implications of Greece in is a short term reprieve. How long does that last?
greece out print money, greece in print more
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