The eu inflation numbers are easing, i note oil prices and commodities are falling still through juuly so next read should still show weakness, deflating gold further i expect.
Pog sitting on the 200 dma after slowly breaking the 50 and 100 dma, people may cash in their gold insurance now equities have a short term pullback
Given rise in 10 yr, high equities, big falls in oil prices in last 30 days, falling inflation in eu, big move higher in usd, a few headwinds for the short term traders i would have thought .
Wonder if my favourite gold company trading at 40 X forward 2015 will think its invincible today
