monday will be interesting

So I'm just catching up with some light reading before crashing out and boom! The gold price has just jumped from 1548 to 1586 in minutes. Suspected source: likely QE in the US due to job figures being appalling. OK it's not market close yet so maybe things will fall back but it seems unlikely.

Given that ABU seems to have come away from 0.035, it will be interesting to see how Monday goes. I would suspect producers will go nuts and ABU may not be far behind.

chuk: missed your post, these things happen, mods have to draw a line. Actually I have to admit to being a little surprised that ABU's potential production profile has firmed up so well, compared with PXG which is still looking good (albeit at a much lower initial level) but didn't take off as quickly as I thought.

I know there's a lot of theorising about gold breaking 2000 and all that sort of thing, but it's arguably more important that sentiment shifts so that people no longer believe it will break sub 1500. The price doesn't have to skyrocket, it just has to hold up, and I suspect that a side effect of the world becoming more multilateral is that gold returns to its old time position of "currency esperanto".