gold breaks out, page-62

golds going to trend flat until the spanish are big enough to ask for the bailout money.
the little dip should be reveresed on the back of china coming off their week holiday, and once those lightly massaged US jobs figures are deciphered, we can await the correction to the figures some time in the next few weeks, probably after the election is my guess.
with the IMF dropping its forecasts for grwoth the chances of any major up lift in productivity or profitability is never going to happen.
as for armageddon.... and predictions of POG at +$5000,
well i wont say it wont happen, but i probably wont be around when it does....
not becasue its going to take that long, but becasue i reckon some major conflicttrife could be prowling the world.
and i will ecamp to an undisclosed island to sit it out.