If you start with hot water, add coffee, milk and sugar ... you get sweet hot coffee every time.
What is needed is a new ingredient to change the outcome. The only thing definitely on the horizon is the Swiss vote. That has been well telegraphed .... so even if it is a yes for gold there is not much surprise value.
I think the whole thing will ultimately revolve around confidence in CB actions. While they remain the main market movers it is the ongoing gravy train and people will keep riding. Number one song on the charts is 'do whatever it takes' and the crowd is still dancing to that tune.
The fact that CBs see the need to do more stimulus speaks volumes about the underlying true state of things .... it will break decisively at some point.
