Gold Call Options at $2,000/oz – Goldman and Credit Suisse Bullish Due to US Interest Rates
by Tyler Durden
ZeroHedge.com
11/14/2011
Gold is marginally lower today on hopes that changes in the political leadership in Italy and Greece might lead to a resolution of the Eurozone’s debt crisis and prevent contagion and the breakup of the monetary union. This has seen risk appetite return with most Asian equity indices posting gains.
European indices are more subdued and may be taking a more realistic view regarding the political changes in Greece and Italy.
The debt crisis is of a scale that simply changing who is in power and installing unelected technocrats will not solve the crisis.
There is again a real sense of rearranging the deck chairs on the Eurozone Titanic and the root cause of the crisis – too much debt in the banking and financial sector and too much private debt has yet to be confronted.
Gold’s positive momentum continued last week with gold recording a 1.8% gain. Gold has now risen three weeks in a row and looks set to record a second monthly gain after October’s monthly gain.
The Rest…HERE
