I strongly disagree with this assessment, since the European integration and in particular the common currency has done a lot to support economic growth on the continent during the last decades.
I totally agree with the majority opinion that Greece should remain within the Euro zone, which was expressed by couple of political leaders and also by the ECB and IMF, due to the fact there seem to be not only economic, but also political risks in the case of a Grexit scenario.
In the near term the silver performance will be influenced by the precious metals seasonal cycle.
First, it is important to understand that, while silver is a precious metal, it also holds a significant attribute which other precious metals lack.
I believe the door to further monetary activism is certainly not closed, but the trigger at present is less obvious.
That is a very good question, since gold is not being moved by the mining supply news or jewelry demand, but the economic news.
The comparatively strong Kiwi will dampen exports to Australia, which is the second biggest export market after China for New Zealand.
I believe the worst of the effects will be temporary.
I think the underlying picture for the US economy is quite strong.
I agree with the statement, since the return of Iranian oil definitely gives a bearish signal to oil markets, especially with as much as close to 500-800 thousand barrels per day.
We expect the Euro to continue being weak and underperform among other currencies.
While UK inflation might produce some negative prints in the coming months (our central forecast is that it remains zero or above), the threat of deflation is limited.
Actually, I believe there is a positive consolidation in the Dollar over the next 1-2 months.
Germany and Euro zone as a whole are experiencing quite strong economic tailwind at the moment.
Generally, the Ruble is feeling itself much better now. We have seen a significant turmoil in the currency during the month of December, which was triggered by a set of various factors.
I believe Japanese interest rates increase is still a very long time away.
I believe some market participants, especially some US hedge funds, thought that the Danish Krone and the Danish central bank were more likely to respond the same way as SNB did if the Danish currency reserve increased much like in Switzerland.
India officially overtook China as the world's biggest gold consumer last year, and that trend has continued into 2015.
China and the US present two different underlining fundamental influences on gold price.
It is quite hard to say at the present, as there are some indications which could mean the effect on the economy is not as strong as you would have expected initially.
We see June as the mostly likely timing for the Fed to raise rates from the zero bound.
From the historical experience, when the BoC cuts interest rates, it does not tend to do it just once.
I do not expect any change in OPEC production policy, since Saudi Arabia is the de-facto leader of the cartel.
It will be a tough challenge for the ECB to accomplish the target they have set.