Euro Crisis

I'm thinking the Euro will trail lower just as the current BlackRock Founder discusses in this video:
http://video.ft.com/v/685838134001/Blackrock-boss-Larry-Fink-defends-QE-

I'm still bullish on Gold, Silver, and Stocks, but I just need to see how all this Korea non-sense plays out and if this euro crisis is WORSE than it seems, or if it can be sugar-coated over.
With the VIX trailing up, I'm buying some Puts on the SPY for downside protection hedging, and also buying longterm Call LEAPS and selling some shorter dated calls against them.