Euro – Page 57 – Spiral Calendar

From Cyprus With Love

Will uncertainty in Cyprus spread to southern European banks? That is the question facing markets tonight.

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Updated balance sheet numbers from the Fed have pushed my Money Printing Pump indicator to new highs, right alongside the U.S. stocks.

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Gold is trying to make our Solunar Model look good. Success is not assured however.

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The metals are certainly trying to bottom in this vicinity. Whether they succeed, remains to be seen.

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Some markets may be ready to change direction. But it doesn't seem that the U.S. stock market is among them.

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We may get an answer to that question soon.

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My measurement of ECB and FED money printing continues to rise.

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The late day fade exposed the rally as a potential farce. Let's see how Europe follows through tomorrow.

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