nice ascending triangle on chart, page-6

re: gold up $8.20 to $471.50 and here's the answer to yesterday's puzzling question: does Gold require the US$ to go down, before it can go up?

``You are seeing a major disconnect between gold and the euro, indicating a major sentiment shift to worrying about global inflation irrespective of the currency you quote gold against,'' said Frank McGhee, head trader at Alliance Financial LLC, a brokerage in Chicago.