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Merk In the News: CNBC
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Portfolio manager Axel Merk tells CNBC the market does not consider Cyprus contagious

"...'We had a treasury auction in Spain last week that went great,' Merk said. 'If people were pricing in the remote chance of contagion, we would be very different than where we are today.'

'I definitely want to buy the euro on dips,' he said, adding that U.S. investments were certainly another option - with a caveat: 'The challenge is it's expensive. The challenge is you're chasing something that's pushed up artificially.'..."