I've taken this from pjsimon's pre-market post for today.
It raises the possibility of a very short term & sharp correction to the POG due to a possible surprise Euro rate rise to defend the EUR. If this happens the expectations are a sharp test of $1,100/oz due to a squeeze out the EUR/Gold margin players. The upside though will be $1,400 by end of this year as buyers buy on the dip.
My view is that if the Euro rate increase does happen the AUD will also most likely take a hammering too.
DYOR
Shaily, Currency Markets Pointing to Another System Crash Including Gold http://www.marketoracle.co.uk/Article19542.html
