It is not beyond the realms of possibility for gold to move (gradually or not) towards the $2,000 mark given the further malaise that is happening in Europe. It is conceivable that the Greeks will ignore their debt.....well why wouldn't they, they've done it before. And the feeling is that the Spanish will likely do the same. After all they have had austerity for a few years and it hasn't made an ounce of difference.
The word depression is not used these days and why not? With unemployment at circa 22% amongst the European wine drinking countries then what is it?
update to going forward, page-3
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