Euro in Freefall, Gold Surging

As Italy has suddenly jumped to the head of the broke PIIGS line over the weekend, the euro is currently in freefall mode. 
The Euro has just made an all-time low against the Swiss Franc at 1.1695, and gold has just set a new euro record high as well touching €1,107.
This is only the beginning of Italy's debt crisis.
It looks like Turk and Sinclair could still be proven correct in their predictions for a massive upleg in gold over the summer.