Greece, Portugal crisis - what's the future hold?

The Euro has been fighting off a crisis for the past year, starting with greece, ireland, now the financial portugal and greece again has come back wit a vengeance. How ill this effect commodity prices?

It all depends on what currency you are relating to. Of course, there is pressure for the euro to go down in relation to Gold as well as the dollar, but will stronger dollar translate into a soft metals market?

Fundimentals are the key. With QE3 on the books (though they may not call it that) and inflationary pressures in tackt, the market should hold it's long term bull trend regarding metals. However a technical resistance has been hit at $1540 gold and $38 silver, there may be still a 5-10% pullback possible, especially for silver. One should be looking at hold and buy strategies, looking for opportune dips to buy.