My guess and realy thats all it is: Powerfull players backed by even more powerfull players will be back in the market soon shorting gold. The price of gold will not be allowed to rise too quickly. The fed and central banks will want to maintain confidence in the US$ and other major currencys. Longer term? I wonder? Regards, wdboat

I get the impression that hot money has been sloshing back and forth between the oil and the gold markets. Whether this pattern continues now that the Fed is openly monetizing debt remains to be seen. Gold and oil might move together for a time now - a hedge against a falling dollar perhaps? Certainly rising oil prices do nothing for economic recovery, which further strengthens the case for gold.

ebear