Hi PB. The thinking behind it was the new high hit for GP, another day of stalemate in US congress, Obama launching his 2nd term campaign stating his firmest intention yet to raise taxes for the top 1% if elected again (effects this might have on current and future foreign investment in the US hard to tell but Gold would further loom as a haven with this uncertainty), Greece's 2 yr debt nearing 20% now (amongst other continuing Euro problems) and the Gold Sachs note this week suggesting oil and copper prices on the wane - would gold not attract a portion of dollars departing those investments in response to the note? Some ducks just appeared to be lining up in my view and thought we might see some of Monday's action again at the close of the week. Forum's been a bit quiet so thought I throw a spec target SP for the day in to back my view.
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