gold heads into orbit, qe3 incoming, page-8

Thanks for the chart barnsty, I suspect an agreement over the debt ceiling will bring around a price correction in Gold (and your chart suggests similar timing in correction), as the instability over not having a deal done seems to have been the major driver over the last week or two.

The miners are not confirming this move higher in Gold and when we saw this happen earlier in the year (April/May) Gold took a tumble soon after.

Still very much long term bullish on Gold, but short term bearish/neutral.

I think QE3 is still a while off (not 'incoming').