How Will Pm's React If Greek Deal Unravels?

It seems to me you could look at it one of two ways: The failure of a Greek deal would whack the euro, which would strengthen the dollar, which would drive PM prices down; or the failure of a Greek deal would be seen as a global event affecting all currencies, causing all currencies to fall relative to PM prices. Either way, you'd have big institutional traders who would be fading the reactions of small operators, behaving counter-intuitively. In short: Beats me.

I prefer to look at a longer view. Until I'm persuaded that Europe is going to get its financial house in order, that the Federal Reserve is going to stop its quantitative easing, that Ben Bernanke is going to do a U-turn and contract the money supply, that the U.S. Federal government is suddenly going to become frugal, or that interest rates are going to hit double-digits, I'm staying long gold and silver.