The big news i mentioned in yesterday's email, came out of Europe today, after the meeting between France and Germany. Big decisions have been made at this meeting, to save Euro. My analysis of this news is short term bearish on Euro. I expect Euro to fall within days. As i write this note, spot Euro is around 1.439 and this fall would have broad implications, for other markets.
On a side note, tuesday NY session, gold hit the 1790 resistance, that i gave out in sunday's "gold bubble" message. On monday, it hit the first resistance i mentioned in last sunday's email - 1772 (afterhours NY session). Now, i am moving my stop loss on gold to 1761 from previous 1723 area, locking in a profit on this from the initial call at 1690.
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