The gold, silver, and a good finish at the end of last week, with the price of gold settled at $ 1664 - comfortably above the sale and the resistance that limited the price of $ 1650 in recent weeks. Now seems like it could be the band's next test resistance around $ 1680. The price of silver continues to struggle in comparison with the gold, however, remains holed below the $ 32 - another indication that, for the time being at least, and deflationary concerns are still on the withdrawal of silver.
Of course, linking these concerns to the epic debt in the euro area seem to never end. The news this morning that Spain once again in recession, with Spain's economy contracted by 0.3% in Q1. The Standard & Poor's cut is also a group of Spanish banks, while the annual retail sales in Greece for the year to February fell by a massive 11.1%. In contrast, German retail sales rose by 2.8% - so far more than evidence of the increasing disparity north / south in the euro area. The new data also show that inflation in the euro zone fell to 2.6% in April - down from 2.7% in March.
Narrative and the dominant media at the moment is that the "austerity" is a failure in all parts of Europe, whether in the United Kingdom, France, Spain or Greece. Francois Hollande, the front-runner for the French presidency, is still talking about his desire to renegotiate the treaty to the euro area financial "in order to encourage growth." The Daily Telegraph, Ambrose Evans Pritchard reports, and this is to create a section for interest between France and Germany, with Chancellor Merkel does not hide its support for Holland, face to face Sarkozy, and remain steadfast in its support for the Treaty of Union the current fiscal ("Treaty Fu," as dubbed by some).
Ambrose notes that although Mr. Holland is "easily manageable" and Enarque "in the heart ... and the EU elites will try to muddle through. If relaxed (European Central Bank) policy enough, they may only succeed." Of hard to disagree with this conclusion, given the institutional pressure in Mr. Holland to cope with the current arrangements, and traditions of the Franco-German cooperation in the heart of the European Union. Merkel will keep its austerity drive, but the European Central Reserve eased policy will be a sweetener for Europe in the so-called "mass growth". Printing money and wound ointment again.Tags: the debt crisis, France, Germany, the price of silverAuthor: Office of News GoldMoney
Of course, linking these concerns to the epic debt in the euro area seem to never end. The news this morning that Spain once again in recession, with Spain's economy contracted by 0.3% in Q1. The Standard & Poor's cut is also a group of Spanish banks, while the annual retail sales in Greece for the year to February fell by a massive 11.1%. In contrast, German retail sales rose by 2.8% - so far more than evidence of the increasing disparity north / south in the euro area. The new data also show that inflation in the euro zone fell to 2.6% in April - down from 2.7% in March.
Narrative and the dominant media at the moment is that the "austerity" is a failure in all parts of Europe, whether in the United Kingdom, France, Spain or Greece. Francois Hollande, the front-runner for the French presidency, is still talking about his desire to renegotiate the treaty to the euro area financial "in order to encourage growth." The Daily Telegraph, Ambrose Evans Pritchard reports, and this is to create a section for interest between France and Germany, with Chancellor Merkel does not hide its support for Holland, face to face Sarkozy, and remain steadfast in its support for the Treaty of Union the current fiscal ("Treaty Fu," as dubbed by some).
Ambrose notes that although Mr. Holland is "easily manageable" and Enarque "in the heart ... and the EU elites will try to muddle through. If relaxed (European Central Bank) policy enough, they may only succeed." Of hard to disagree with this conclusion, given the institutional pressure in Mr. Holland to cope with the current arrangements, and traditions of the Franco-German cooperation in the heart of the European Union. Merkel will keep its austerity drive, but the European Central Reserve eased policy will be a sweetener for Europe in the so-called "mass growth". Printing money and wound ointment again.Tags: the debt crisis, France, Germany, the price of silverAuthor: Office of News GoldMoney
