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Intraday Market Thoughts

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Gold, Silver Regain Luster after Greece Downgrade

by Ashraf Laidi

May 9, 2011 18:10

Euro takes a turn for the worse after S&Ps downgrade, raising questions on the timing of the next rating move by Moodys & Fitch. As warned on Fridays note, gold & silver have further diverged from the falling euro on the rationale of safe-haven flows. Here is todays Premium Piece titled Gold, Silver Diverge from Damaged Euro w/ special focus on GBPUSD: http://bit.ly/mQPIC9

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