Greetings!,

According to Bloomberg News: "Leaders of the euro area's wealthier nations are increasingly raising a provocative question: Might the common currency now be strong enough to end the bailout agony and let Greece go?"

However, the answer remains the same: No. The current strength of the euro zone is the unity of its member sovereign nations. A move such as Greece's leaving the euro zone could prompt the jettisoning of other member nations. Departures from the E.U. would tear at the fabric of unity itself and call into question the viability of the entire concept.   

So the question remains? What do you do with a member nation who simply does not have the necessary GDP to support its entitlements and government programs? This question is much easier to ask than to resolve. Therefore, I continue to believe we are still a long way from resolving this critical issue.

As always wishing you good trading,

       Today's video 

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Proper Action

GOLD: Maintain Long @1580. Our current stop sits just below 1706. My recommendation is to maintain your current position and stop placement.

MARKET FORECAST

Gary S. Wagner

Gold & Silver:  Although the U.S. market is closed today, trading Monday morning overseas was not only supportive but ended with higher prices across the board for the precious metals complex. Today's video will look at the base and support that is forming in both gold and silver. 

Gold Daily Chart

 SILVER Daily Chart:

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