GOLD 0.51% $1,391.7 gold futures

Tommorrow we have the Germans decision on the legality of the...

  1. 262 Posts.
    Tommorrow we have the Germans decision on the legality of the ECB bond buying.

    http://www.marketwatch.com/story/germanys-top-court-to-decide-rescue-funds-fate-2012-09-10?link=MW_story_latest_news

    The Fed on Thursday(Friday for us) with possible action on QE111

    If Germany procrastinates and needs to clarify it's position further PM's will probably stagnate or marginally correct.
    IF FED also procrastinates, PM's may go even more backward. Most likely if both of the above happen PM's will probably marginally correct and then go into holding sideways action for a few weeks(boring).

    IF Germany says the ECB action is unlawful, meaning they will not support it and the FED announce some degree of QE...look out!..Silver n Gold will take off.

    Spain still hasn't made it's mind up yet either(scared to jump?).

    Waiting with great anticipation...we will know by Friday night our time. Interestin times indeedy.
 
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