Loading ...My Dear Extended Family,
After today’s news on Greece getting financial aid, the imminent demise of the Euro in terms of market expectations is behind us. That being true, the dollar rally is now challenged. With the dollar rally challenged the general commodity market decline should decelerate and end.
As a result of all the above, the downside in the price of gold is very modest here while the upside of the first rally back into the bull market takes gold above $2000. Timing from here may be quite compressed.
Standing watch,
Holter-Sinclair collaboration