Euro trading today down to $1.21 or almost 4% since my last posting five days ago. I am still anticipating support at $1.15 before making a decision if further weakness will show and we see 1:1 or if things will firm up and level out.
With other news from Greece, Portugal and Spain I would think we are still in line to see 1:1 in the next 6-9 months.
Gold hit a peak around $1250 and has backed down to $1212. I have not sold my gold holdings as anticipated as some unexpected cash flow came in time to meet short term needs. I am still anticipating the need to sell and will probably look for a run to $1275 to do it. Otherwise I am looking at $1185 on the downside to signal a breakdown of strength and continued short-term weakness.
May 18, 2010 - Euro continues slid
10-01-2011