RE:RE:RE:We are in need of NEWS!!!Not so sure we're that far away. Dec/Jan we were range bound around $1100-1150. Ninety day's later we're almost $200 bucks higher approaching $1300. So another $200 can come pretty quickly given the right set of circumstances.
I see sentiment in the markets changing. Some of the biggest hedges are coming out for gold, at least as an insurance policy. The metals markets are so small compared to bonds and equities that any kind of run on the metal and by default the miners, will push them to overvalued levels not seen in 35+ years. Back in 1980 tiny little companies like OCO went from pennies to $10-15 bucks a share almost overnight. The bigger guys who were at a buck or two with a promising story behind them went to $80-$100 per share. This time I see leadership coming from Asia, Russia, Oil rich Arabs, all piling into gold as a currency of acceptance as the dollar or for that matter the yaun collapse as the world's reserve currencies. Central banks manipulating markets never ends well.