December 3, 2025:   Bull Run and Historic Record...The new target is € 4,800!

European Authorities can now LEGALLY seize bank deposits and block withdrawals of smaller amounts. Because of the Bail-In legislation, any depositor has become a creditor! Hence, the € 100,000 guarantee/insurance is a worthless JOKE. The US dollar momentarily becomes the Gold Standard. For European countries to grow again, they must leave the Euro and the Eurozone. The maximum amount of Gold one can buy/sell anonymously in Europe (EU) has been lowered to €3,000 (Germany) and €500 (Belgium). If you don't store your Physical Gold out of political reach, they will seize it from you!

€-Gold with Targets.

Germany is repatriating its national gold, and I expect other EU countries to follow (the Netherlands and Switzerland). This action meaningfully alters the end-state for the dollar and the euro. Europeans are adding real money to their monetary system, which could now survive (under certain circumstances) if hyperinflation were to occur in the USA. That said, neither the US dollar nor the Euro is a safe currency. Gold is still number one, and Silver is number two! Hence, one must use Fiat currencies to store short-term cash only and hold Gold as security or real money.

€ - Gold			€ ???? Target
	Bullish Target	€ 4,800
	Resistance	€ 3.540
	Support	€ 2.800
	Bearish Objective	€ 2.200
	Technical pattern	Bull Run

"We started to advise to buy Gold in 2001/2002"

Short-term candle	Chart comment: It is crucial to ensure your gold is stored out of political reach.
	Jan 4, 2016: BREAKOUT on the short candle Feb 1, 2017: Short candle points to HIGHER Euro-Gold Nov 22 - Feb 12, 2018: Gold has no way to go but UP !!! Jan 3 - Feb 5/19, 2019: also a breakout on the PF-chart. Jan 4- Mar 6, 2020: Fresh bull run March 24 - April 9: Bull run and new historic Top. Dec 18 - Feb 5, 2021: points to HIGHER Gold soon. Jan. 14 - Feb. 8, 2022: And higher we go! Jan. 3, 2023: Still a STRONG BUY...and beginning a fresh upleg. Nov. 4 - Apr. 13, 2024: Up to a fresh all-time high! June 17 - Oct. 18: It looks like we shall resume the bull run now. If so, expect the trend to accelerate. Nov. 11 - Jan. 9, 2025: Will we see exponential price growth? Mar. 20: broken up the top of the channel & acceleration. Sep. 1: Consolidation on top of the trend channel confirms the breakout. Oct. 10 - Nov. 22: time for a correction/consolation. Dec. 3: preparing for the next bull run.
Long-term candle

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The Euro-Dollar: The secular trend of the Euro is up, and the Dollar is down.

€uro-Dollar-Index: Since 2019, Germany has controlled the ECB and the EURO!
	Bullish Objectives	€/$ 1.22	XEU 1.16 - 1.18
	Resistance	€/$ 1.12	XEU 1.12
	Support	€/$ 1.06-1.08	XEU 1.06
	Bearish Objective	€/$ 0.98	XEU 0.98
	Technical Pattern	Euro vs. Dollar: Bullish Reversal of the Euro or Trap??	Euro-index: Bullish Reversal of the Euro or Trap??

Short-Candle	Comments
	Nov. 2022: Note the Bullish Low-Pole Reversal May 1, 2025: extremely overbought May 1 - 23, 2025: breakout or Bull Trap? May 24: There is still no clear indication of a trend change. However, the Euro index is bouncing off the top of its bearish trend channel. June 11 - July 1:  Breakout and target of €1.22 or Bull Trap? July 30 - Aug. 6: reversal versus the Dollar. Expect a weaker dollar and a stronger Euro for the next weeks. Sep. 1 - 17: ???? Oct. 10: This points to a stronger Euro. Nov. 23 - Dec. 3: Sideward consolidation.
Long Candle

Monthly - Sideward inside trend channel. Note the BEAR TRAP.

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Short Term Candle	Chart comment
	Jan 4, 2016: Support ($ 1.08) is holding well... Jan 26, 2017: - Candles point to a HIGHER Euro Jan 4, 2018: Running into minor resistance Jan 3 - Feb 5, 2019: 1.12 is a significant support level. Dec 30 - Feb 4, 2020: The Euro seems to be BREAKING UP Dec 3 - Mar 3, 2021: indeed - breaking out. Jan. 14 - Feb. 8, 2022: New Bull Run for the Euro. Oct. 4: We expect no trend reversal but more sideways action.  Nov. 4 - Mar. 10, 2024: Trend Reversal favoring the Euro. June 17 - July 19: Sideward inside trend channel. Dec. 19 - Feb. 28 - Mar. 20, 2025: strong buy of the Euro = strong sell of the Dollar. Consolidation... May 1: Is it a breakout of the Euro or a Trump-Tariff-Bull Trap? May 24 - July 1: Bullish target of the Euro is $1.22 for €1 Aug. 6 - Sep. 17 - Oct. 10: ???? Top of trend channel... Nov. 23 - Dec. 3: Sideward consolidation: a breakout or will the bearish trend resume in 2026?
Long Term Candle
The real value of the Euro	LT chart with bullish divergence - resistance level is $ 1.22	Silver and the Euro:  The target for Silver is €52 or +100%

1. The Euro is nothing like the dollar. Each country retained its identity but abandoned its currency, unaware that it was surrendering economic sovereignty. German debt is bought by capital in the Euro, forcing the Euro higher while worsening repayment terms for the weaker countries (FPIIGS). Instead of lessening the debt, it is appreciated when the EU economy is declining. In other words, it is a story with a bad ending.
2. The demise of the euro and the return of national currencies will allow for the proper allocation of investments and resources. It is the best thing that could happen to the markets. 
3. The Euro-Dollar exchange rate is like the Devil dancing in holy water. During this process, a crashing Euro can overcome a lower gold price. This is a normal phenomenon during a DELEVERAGING process.
   The single currency functions so brilliantly that its vulnerable members (Greece, Italy, Ireland, Portugal, Spain) are sliding toward bankruptcy. There is no way the Euro and the EU (a complex society) will survive the high cost of energy!
4. The ECB and IMF have BROKEN the back of the Euro Camel...You have to be out of your mind to stay invested in euros after what happened in Cyprus and what is happening in Greece. Remarkable is that the Euro remains so strong versus the US-Dollar...or does this happen because the US-Dollar is in more trouble than the Euro!?
5. The European Central Bank put a floor under the eurozone by agreeing last month to buy unlimited quantities of bonds of any troubled member state that accepts the conditions of a bailout program. ECB President Mario Draghi made it clear that the bank will use all its tools to prevent anyone betting on a break-up of the monetary union.
6. Remember, this is a CURRENCY WAR... and a synthetic Dollar Shortage (see Dollar Fundamentals), which could lead to an actual war. The Cyprus holdup was a test case, and a similar happening can be seen in Europe (Greece?!) any day now... Also, one may NOT forget that the Middle East War and the inflow of refugees in Europe are part of the BIG picture.
7. The ECB lacks the flexibility of the Federal Reserve (FED). However, to bail out Greece, Portugal, Italy, the EU, and its Banks, they use exponential amounts of Fiat Money armed with derivatives and Credit Default Swaps. Those guys have lost their common sense. SWAPS and derivatives work quickly, making the Global Financial System even more explosive.
   
8. Europe and the Euro are BANKRUPT, and now it's just guessing when the final act (the Black Swan) will land. DO NOT DELAY action... and be advised the authorities will take all they can on their path to death. Having said this, the media and press have never forecasted a Major Crash. On the contrary, they are excellent indicators of the contrary! Before the END GAME breaks loose, expect the Authorities to do ANYTHING to let the Euro (and Greece, Portugal, etc.) survive. The fact that Germany, Poland, and soon Switzerland are repatriating their national Gold holdings may indicate that we will first see severe problems with the US dollar. Very hard to write a scenario. As things look now (June 2015), the Euro may encounter problems first. The endgame, however, has not yet been played... everything is still possible!
9. Why would one hold Fiat dollars and/or Euros? The Nominal Yield is almost zero and lower than the official inflation rate, and the Stock Market is collapsing….Real Estate is collapsing…The Banking system is in trouble...The bulk of derivatives is labeled in dollars. Imagine what would happen if the Chinese stopped buying dollars, which is exactly what they are doing. Check our investment table for the Fiat currencies we think are far better...more.
10. The Euro is just like the Dollar, FIAT PAPER MONEY, worth ZERO. However, it takes time before the Herd stops believing the propaganda and statistics from the talking heads and authorities and becomes aware of this vast Ponzi scheme [Madoff was jailed for what they were doing]. Remember, Fiat paper money is not only paper but also DEBT. By holding on to it, you hold on to somebody else's DEBT...The Euro is a complex fiat currency resulting from a complex society (the EU) controlled by the ECB. According to Tainter, it will not survive the rising cost of energy. The Canadian and Australian dollars are stronger than the Fiat currencies (compared to the US dollar). Knowing that A LOT MORE DOLLARS can be sold (because there are more dollars in circulation) than euros is essential.

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