RE:Gold up...Short term it comes down to the gold price. Today's job numbers not good for gold obviously based on the main benchnark for bernanke tapering apparently. Although there was a sense of some consolidation considering the bearish news from both the ecb and u.s jobs. I hate to route for a softening job number but breaking the job numbers down manufacturing jobs is weakening, lets see if the other sectors can keep it afloat going forward. I think the over expected number today gets smoothed out next time.
Funny to see how a few of the the recent gold bears are now all off a sudden becoming bullish. Various reasons but one reason is the correlation of the yen with gold since late last yr and is expexting a correction. Either way they all have an agenda.
All I can say is I'm glad this only tracks around 13% barrick.