how long, page-13

I think this sideways movement can and will go on for a very long time.

The bullshit is winning at the moment. The central banks are succeeding in containing things. That is likely to continue until we see some really new factor creep into the equation IMO.

The gas deal between Russia and China is the shape of things to come but it is still 4 years away before first delivery. It does not have an immediate effect on the $US.

It still looks to me that the PoG has bottomed. I think, when it became clear that China was an eager buyer the idea of trashing the price came off the table. The effort will be in preventing the PoG from rising.

As I stated in a previous post, what I am seeing on the chart looks very, very similar to charts for stocks which have been captured by the HFT brigade. The little game there is to trap something in a trading range and then milk the small percentage swings. IMO at the moment gold is a buy below 1280 and a sell above 1300 ... that will only change when we see some dramatic new development which can overwhelm the manipulation.