The way that I look at it right now is that China just posted it's largest deficit in quite a while and that is over the xmas and new year buying season where one would think that the best results should have come out regarding a deficit.
What has happened is actually the opposite though and a slow down in China is becoming quite evident.
On top of that the US reported better than expected jobs growth however it is still far too low to be jumping for joy over any economic recovery in the US any time soon.
Then we have the possible economic war between Russia, Ukraine, the US and EU countries of the world which is more about control of the gas more than anything else.
Then we have the support for the US dollar breaking and the dollar is now looking very weak which also will be VERY supportive of a rising gold price in the not so distant future IMHO.
All of the above is actually very bullish for the gold price moving forward.
