The German courts decide on bailout legality: Effects on the Euro ETF, FXE, GLD, ad TLT

The German courts decide tomorrow whetehr the European baiklouts are illgeal. While they seem to be, it is unknow if the courts will be willing to say so. Either way, the Euro will move, and so will the markets, gold, and bonds.

Below are straddles for FXE, GLD, and TLT.

Computed with StraddlesCalc.


Please do your own diligence. Options are very dangerous and may cause 100% loss.

Currency ETFs: Jim Rogers Says U.K and Other European Countries Should be Downgraded

Jim Rogers commented on his blog that the U.S. has been downgraded but countries like the UK have very high debt will have to be downgraded too.

"You can’t have the UK as triple ‘A’ and the US as not a triple ‘A’. You need to be asking S&P or Moody’s why they haven’t got around doing that. I don’t think, the European countries deserve their ratings."

And he told te FT: that he would not buy the euro now but "I am certainly not selling it as I expect it to go up. If you want to buy a currency I would rather buy the dollar today of those two but I am not doing either".

The Euro has taken a little beating lately (down 4% since May) as investor ran for the US dollar, as bizarre as that sounds.

The ETF for the Euro is FXE.

We track currency ETFs live here.