Wishing on Europe

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Gold at its highest

Gold closed at its highest last Friday, at € 1,371.58 an ounce without apparent reason. Small investors’ repositioning may be an explanation.

Posted by Elio Pennisi

European Stability Mechanism Bailout fund and Outright Monetary Transactions set a new ground for EU weak countries to relieve their economies while taming international speculation, at least for some time. Access to OMT, managed by the European Central Bank, is conditional to strict and precise rules based on the fiscal pact plus a bit to… » read more

Posted by Elio Pennisi