Now i know why no breakoutThe asians and indians are capping gold prices while they are on their buying spree , that is why gold and gold stocks are stubbornly hitting a glass ceiling for awhile. Even with the US dollar down this morning gold should be up but its down alsmost $30.They want slow moderate price hikes while they buy the heck out of every ounce of available gold while liquidating US funds and holdings.
They also dont want gold to drop so that their people who love physical gold dont get discouraged. This is the new world, no more globalization, 2 sectors now - east and west and east is taking over gold in their own way and everything else like real estate......