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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (11424)	1/23/2015 8:36:30 AM
From: Goose94	Read Replies (1) of 203432

Gold: Dollar up almost 5% against the Euro since the announcement yesterday by the ECB to throw a trillion euro stimulus package into the market. Our Euro target of 1.10 that we suggested two months ago should be a given and the real likelihood of parity against the dollar is on the table. I will give the ECB credit on how the handled the announcement by first floating a rumor on Tuesday on the size of the package and then making the announcement combined with Draghi’s press conference, where some of the details could be flushed out at the same time. Gold tried to push through the $1,307 level, but the strength of the dollar took some of the edge off the bulls’ enthusiasm. The Greek election stands in front of the market on Sunday, which could create considerable angst, if Syriza, leader against Greek’s austerity program, can win and form a government. His platform is one of ending the austerity program and if necessary departing from the EU. Would suspect the metals should be bought on weakness ahead of the weekend. By Peter Hug

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