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<p>[QUOTE=&quot;desertgem, post: 1122655, member: 15199&quot;]PM will have a battle for a few days if the fear factor doesn&#039;t over ride the currency problems in Europe. The Euro has been slipping rather badly in the last 48 hrs as various debts in Eurounion have become troublesome once again. Especially Greece who is said to be refusing any more tightening. The drop in the euro to the dollar will put pressure on PM commodity pricing if it continues. This chart is interesting as it gives a comparison of how &quot;insurable&quot; the debt of various countries.</p><p><a href="http://www.cnbc.com/id/38451750" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.cnbc.com/id/38451750" rel="nofollow">http://www.cnbc.com/id/38451750</a></p><p><br /></p><p>The higher the number ( amounts to insure debt basically) the higher the risk. the PIIGS ( Portugal, Ireland,Italy, Greece, Spain) debts are not insignificant. The only corresponding numbers for China is hazy and more hearsay at 83, but China does not seem to participate in these much. If anyone else has better numbers on China,India, South America, I would be interested in seeing them. Many might expect to see the US much higher, but although we have problems internally, the US is better than the Eurounion at this point, and I expect the euro to decline and the dollar srengthen and PM prices could respond. AIMO. If silver breaks 35.71 I will be a seller, $37 a buyer. Not making recommendations, but I wanted to give my reasons for saying such levels.</p><p>Jim[/QUOTE]</p><p><br /></p>

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