7 September 2012
I'm inclined to think a lot of the hope is priced in. But until we see some sort of confirmation from the market, we have to play their games.
So let's talk about gold ...
It's had quite the run of late. What started with a near-term breakout became a long-term breakout. Besides the technical pattern, what fueled this spike in the gold price? The interest rate environment remains absurdly accommodative for gold. But it is likely a flight-to-safety move by investors that has made the difference.
No new recommendations or adjustments at this time.