RE:Gold at $1940...war politics or macro economics?Here is the counter argument:
As the broader markets sink day after day the pool of bargain hunters becomes exhausted. When the last of them are gone stocks go into freefall and we get a market correction. Panicked investors sell their gold first and their small caps second to cover margin calls. Gold goes down $200/oz and stocks like NFG loose 60% of their share price in a couple of days!
I don't know which way the market is going to go. I'm watching my investments by the hour.