via BNN.ca - Simona Gamborini

This is the mainstream economic view, not local yokels' trying to prove a point about how gold is a bag of rocks. Nobody mentions the rate cut at the Bank Of Canada once at BNN, except during this one interview, or the $CAD terms for gold prices, but this comes out as being quite important to the thesis that central bank activity will be important.

There is a consensus point of view that gold mines just can't make any money.

Speculative activity will take another shot at bringing down the price.

http://www.bnn.ca/Video/player.aspx?vid=661078

RSI on the $TNX:!PRII Weekly has gone well over 70, meaning that commodities will stabilize and interest rates will begin to flatten along the yield curve again. Commodities in general are at a low ebb. The irony will have to be that the U.S. dollar declines, but commodities prices remain low overall. Gold will be affected by interest rates.

Fully expecting another attempt before the RSI crosses below 70 again. One thing that is not anticipated is a decline in the U.S. dollar, a possible depeg of the Yuan, and an attempt by the Chinese central bank to devalue the Yuan by purchasing gold as part of its QE, much as the Russian central bank has done.

http://schrts.co/2fwFwo

-F6