Gold can not go up in a straight lineYesterday pull back was a good thing, this am it is reversing to the up side again, the bulls will bring gold to $1400 this year. Why because volatility is high and after vacation people will start hearing that banking system in Southern Europe is facing huge debt problem. Money will flow to gold safe haven. It is there to stay for a few quarters. And maybe a few years. Time will tell.
UGD is now entering in a new phase where a higher gold price support the SP.
glta