Zlato vs EUR
EUR a USD môžu bez závažnejších fundamentálnych dôvodov fluktuovať hore a dole. Takže netreba sa obávať toho, že cena zlata môže klesať aj pri silnejšom Eure. Existujú iné faktory, ktoré vplývajú na pohyb jeho ceny k vyšším úrovniam. India, Čína, globálna inflácia ...
There is however possibilities that must be considered. India's clear return to inflation has caught the attention of major money. The volatility of currencies cannot be overcome by creating an index of every currency in the world.
The volatility of currencies has enhanced the attraction of gold. Please note that China always talks its case and is quite gold positive commercially and in a government sense.
So the combination of inflation returning to any significant country anywhere improves gold's price in that country's perception, increasing demand in a long established bull market.
The mirror image trading of the euro and the dollar means that the two could, without fundamental reasons, fluctuate against each other VIOLENTLY up and down.
This is Gold's move to $1650 amid its normal drama.
When the talking heads focus on inflation they focus only on the US like the US was the center of all world economics. Since the creation of the global economy and prevalence of OTC derivatives in the Western world, the US no longer commands center stage.
Do not fear gold falling on a stronger euro for the reasons given above.
By Jim Sinclair
16.06.2010
"Let me issue and control a nation's money supply, and I care not who makes its laws.” Mayer Amschel Rothschild
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance." James Madison