market alert, page-54

Huge resistance around the placement level. I will not wait for that to crack.

Big USD recovery this year, not only from their economic data but increased risk flight from YUAN/YEN

This is the only metric when considering potential performance for gold. The trend is down and the only buyers are third world countries. Do not suppose that the global production cost of 1200 bucks will be impossible to crack either. Supply will start washing through the markets from those most desperate who have been hoarding...particularly Chinese/Indian/russian "middle class"

Best bet for further premium is corporate action imo.