Might be a difficult night for Gold as its another option expiry day.
Gold has lost its energy for the moment.Gold stocks have mostly come down from overbought levels and are now pretty much neutral and moving back to accummulation phase.
One red flag is the Gold-Silver ratio.If Silver continues to under perform gold,stocks may come under pressure.
The Greek -Russia-Euro situation has the capability of major drama.
Gold may have lost its energy partly because the Government in Greece didn't get the full majority to govern on its own.Moving in a particular way is much more difficult when you require the agreement of your partner.Think Labour-Greens in Aus.
The Question might be,What is Russia going to offer Greece to either stymie Europe or default and move to the Russia China axis.
Greece has been historically alligned with Russia and the Russians are a tad upset with the Western Elites so maybe the Russians will try and push for default.
If Greece defaults we are likely to see the biggest bond market implosion we have ever witnessed.
If thats the case,the real game will begin
