A very brief update between Christmas and New Year (I have been off with pneumonia and a bit out of it all, unfortunately).
Watch the Treasury bubble unwind, and the USD fall. Will be gold positive in USD. Watch oil rise on technicals + ME situation. Watch EUR reverse soon.
EUR is grossly overvalued. Ridiculous. Impossible for PIGS (or frogs or krauts come to that). Fundamentals and technicals will see EUR fall sharply - sell.
Gold probably set for its assault past $900 but still very political and volatile. Not good for leveraged trading.
At home -- UK and US -- the big issues are the High Street and consequential job losses, plus the car makers. Retail prices still set to decline for many weeks to come showing apparent 'faux' deflation. This is not deflation but price cutting on stock liquidation. Very different.
Will comment again soon, sorry for the brief brief. Happy New Year!
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