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What a Run on the Euro Could Mean for Precious Metals Prices
By K.I.S.S. Investing  •  March 23, 2012
What a Run on the Euro Could Mean for Precious Metals Prices
We haven't heard much out of Europe lately. In fact, since Greece secured another bailout a couple weeks ago, it's been downright quiet. Oh sure, there are some whispers about Spanish unemployment and some new Italian tax program. But for the most part, Europe has surrendered the headlines… And it's all quiet on the western front.

But not for long…

The euro looks like it's ready to tumble toward new lows for the year. Take a look at this 60-minute chart of the euro currency ETF (FXE)…

 

FXE is forming a bearish head-and-shoulders pattern. This happens when a chart hits a new high – which FXE did in late February – but then fails to make a higher low. The next rally attempt fails to make a new high, and the chart starts to roll over – ...
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By K.I.S.S. Investing
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