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Archived IMT (2010.04.27)

by Ashraf Laidi
Apr 27, 2010 17:24

EURO Slammed as GREECE DOWNGRADED TO JUNK STATUS (BB+/B) and PORTUGAL DOWNGRADED by 2 notches to A-/A-2. PORTUGAL. Portugal's public debt is expected to rise to E142.91 billion in 2010, or 85.4% of GDP. We WARNED you on April 7 against the DANGERS OF SOARING Gold vs OIL and the negative implications on stocks. Today, Gold/Oil Ratio surges to 14.10, highest since February, leading to falling equities, just as was warned in the chart below http://chart.ly/gnf2h2 OIL drops below 82.70 target to 82.30, while gold soars on safehaven but needing to close the session above 1161.

 
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