Oldsoul said:
Greece is to hard to call now though and it is the joker in the deck. As ever anyone who tries to put a figure on future gold prices without knowing the future of geopolitics will be wrong.....hard to see how low the euro could go.....
A future is less hard to draw once you understand why and how the central planning / geopolitics, and their sponsored buddies, operate.
A financial future is abit easier to draw: every stock of a nonperishable product is bound to be sold again, wherein the price trend it caused, gets undone again. This, superimposed on the general inflation (money creation > spending > inability to produce more at a same cost) trend.
Then, the euro, is nothing but a value relative to the values of other currencies, that all are values relative to other / general products that people / savers buy. When central planners with different currencies, work together, then that relative value to other currencies becomes meaningless, in the sense that the euro just goes as low as the central planners, as a whole, want it to go. The goal of a cooperating-common monetary policy, is exactly to limit those relative value differences / fluctuations. The euro is essentially nothing but a fruit of such a common monetary policy. The central planners of each country / currency cooperated to keep the value fluctuations (caused by speculators / savers) within two limits. This was/is known in their policy documents "slang" language as "snake in the tunnel", where every individual currency appears on a value trend as a snake that zigzags through time between those central planners' settings/limits.
So, it's not so hard to see how low the euro can go, just draw lines between previous peaks and bottoms, and you see the graphical representation of their settings.
The value of the euro relative to general/other products (so general prices), is another, and different story, driven by a marketwide pool of savings / purchasing power that seeks to evade the central planned theft.
The most likely scenario that I see, is a series of major currencies fluctuations until enough bank account-saved money from people got shifted towards risk (bloated prices), and got stolen / lost that way.
At the moment, the major currency inbetween-relative values sit on tunnel boundaries. Means a reversal is imminent. Last week, thursday and friday, euro stock markets noted big sales. The newspaper here had in an article that they didn't see clear reasons for the sales. Well, there is a pretty obvious clear one though: the stocks sit now on 8 year-highs, and their owners start to cease resisting to materialize the paper profits.
During the last 6 weeks, newspaper showed over a dozen specific articles about how good stocks were / are, how big the profits were / are, how alot young people went into risk by buying stocks in 2015. That, tends to be a strong indicator for major trend reversals. Because, in order to reap the profits coupled to the high paper-valued stocks, they need as much suckers buying-high. Remember gold end summer 2012, where it reached its highest numerical annual average and peaks ever, in my country the prime newspaper had gold on its frontpage then. Mere weeks later, the last suckers bought, and they all hammered the sell buttons. Greece (s State) isn't a joker, it's a fixed card in the set of the central planners. They decide what happens, and they will never decide agains another government / buddy. They do suggest different of course, to lure speculators into decisions that transfer their savings to the accounts of the legal thieves.
This is how I see it. It's (strategy) based on historical data and a variety of books and papers. I know that the past doesn't dictate the future, but I do know that the future starts with it. The future of geopolitics is a designed one. It only fails to manifest as planned when "geospeculation" becomes smarter. But this "war" is pretty uneven, forcebased cooperating know-alls versus powerless individual know-littles that "at best" shift-through their loss to another one just like them.
