Hi GW Here is a current situation piece on the economy including what's happening on gold prices.
".........don’t be surprised if surprising strength shows up in equities again. Here, a test of January’s highs in most indices is possible, but perhaps not the S&P 500 (SPX) since it’s related put / call ratios have been falling precipitously. Of course gold could make up for this with the almost 100,000 contract drop in long open interest on Comex, where room now exists for hair-brained paper market speculators to come back in and drive prices back up considerably. At least this is the expectation of many despite the money supply growth rate picture discussed above.........."
FROM:
http://news.goldseek.com/CaptainHook/1267468570.php