Euro

Gold and the euro, because a crisis anywhere is a crisis everywhere on the global economy, are in a direct relationship price wise at the moment. Where ever the currency losses holders confidence gold is purchased. Gold is on its violent trip to $1650 and above.

Jim

Euro gold at new highs within an accelerating trend illustrates the aggressive rotation away from the Euro into gold. While spin suggests the U.S. dollar is the primary beneficiary of the Euro rotation, it ignores that U.S. dollar gold has also traded to new highs during the same period. This suggests gold is quietly absorbing more of the safe haven capital flows as confidence continues to deteriorate.

Euro Gold:


U.S. dollar Gold: