woensdag 9 november 2011

italia gold/silver and dollar/yen

Today Italia went over the 7% so they will become a problem for the euro and this country is 17% of the euro zone.
Italia is the number 7 country holding gold.
what happened today was that gold went down but also the stock market..
the strange thing is that the gold in dollars went down but in yen went up .
also it went upgain after this dip , I expect it will go more up in the next days.

As i can see the bounds and stocks are linked to the gold prize , but this is only with big news of movements in the market. the strange thing is that they are in line so stocks go down then gold also goes down , but later gold goes up .. if stocks does down ..
I think Italia can be helped by china , because of there gold .. but what will this do to the gold price ... i think it will go up .. also German will not use there gold to exchange to money ... this is also a good sign that gold is getting more important
also at the moment gold is going to its old high ... 1800 but silver stays far under the 40/50 at the moment, I think silver will make the move to 40 soon with a big leap ..
silver will not go under the 30 again if I look at the history..

So now waiting what Italia will do and if china will step in ..
if this will happen silver will go up together with gold
I also think if silver leaps to 45 then it will go into a small bubble again ..
gold will go slowly up ..

ps strange, is that now the price of silver is lower as yesterday (store), so the dollar yen exchange has a very strange effect on the silver trade .

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