Everybody knows that the euro fundies are so horrible, but the eurocrats will not let Mr Market have his way. But fx being fx, the reality does catch up later. For now eurocrats have put a huge bid boost behind the euro, shorting it will bleed those positions badly. SNB is about to look good for putting a floor on EURCHF @1.20 since last year. And so the market manipulation continues...

But with all the central planning firepower on the euro, the euro is still a short. However, one doesn't rob a casino head on. So the best way to rob the euro casino is via gold. Central planners can fire their inkjets to spew billions of euro papers, but that they can't when it comes to the metals.

So is it possible to short the euro? Yes!

XAU/EUR - That is your ticket. So don't do it via the fx cross unless you can afford ur own printing press!

@mnandii - don't short gold. Look at the BRIC for direction. Westside ni porojo tu. They're living in the past... Broke a** pretenders.

The tail-risk on the euro has been removed with this ruling. Permission to print euros granted! Euro shorts will be squeezed mercilessly for the time being. No need to fight the money printing presses at this point...

I expect the metals to mount a hell of a rally from now henceforth as the liquidity tsunami is unleashed. The next tsunami session is the US fiscal cliff issue. More QE tsunami coming up.

Gold vs euro - The breakout is today. Catch the ringside action at the London session today...

http://www.bloomberg.com/quote/XAUEUR:IND

With QE infinite I expect Gold vs USD to finish above $2000 in 2012. Silver will also test $45 then race to new all time highs...

As for oil, I really hope brent doesnt surpass $150/bb. That oil inflation will not be funny!

Euro has rallied while gold has also rallied against it... Who's fooling who...