Brian Kelly Shares His View On Germany, France, Euro And Precious Metals

Brian Kelly

about new positions that he opened on Friday. He said that after he heard ECB's Mario Draghi speak about massive changes that have to be done in Europe, he realized that there won't be enough political support in Germany and France for these changes. He decided to take a short position in

and

. He also thinks that Europe won't be able to do a massive QE and it would be wise to buy euro right now. One way to do that is by purchasing

. Mr. Kelly has also bought silver on Friday as a leveraged play on gold. He believes that gold is a good hedge against inflation and geopolitical risks for a long stocks portfolio.