Replies to post #8935 on FinancialAdvisor's College Class (FACC)

[AnderL]

LOL!!! Are you living in a lockbox or something. Why not switch the channel from CNBC and do some research. France voted No on the EU Constitution. So did the Dutch. Monetary destabilization FA. Not here in the US over in Europe. Flight from the Euro to Commodities, US Dollars, Yen, etc. Anything that is not a Euro. While you are watching the magician's left hand (USD) The right hand was performing the trick (XEU).

[d33c4f]

Gold/Euro trading range

I'm keeping an eye on this. IMO i will correlate with gold beginning an actual bull, not just inverse USD
This trading range has gone on for a good while.
We need to see a breakout, and confirmation
I don't know if we're there just yet
Indicators are pretty overbought an now that the news is out the money bet against the euro will come back, short term, as profit is locked in.
I'm still looking for gold under 400 on the gold/usd later this year.