Quote:
Originally Posted by RummyBoy
Exactly....... its not the end of the Euro but the Euro Zone is expected to announce substantial QE on Thursday and if that happens expect the euro to weaken even more versus the USD and gold probably will get a significant POP or it may strengthen the dollar even against gold.
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if the european countries are unable to pay their debts in foreign currencies because the euro gets weaker, it removes one of the reason to keep the euro and it will probably increase the borrow rate of some states.