I thought this was a quite important view on the Euro given its appreciation in 2006. If the dollar gets under more pressure in 2007 due to a slowing economy, continuing deficit spending, and liquidity injection, I can also only see the Euro follow at some point. This would clearly make gold the better choice going forward.
Our comment:
I thought this was a quite important view on the Euro given its appreciation in 2006. If the dollar gets under more pressure in 2007 due to a slowing economy, continuing deficit spending, and liquidity injection, I can also only see the Euro follow at some point. This would clearly make gold the better choice going forward.