Well I should have kept my shorts but have closed and bought...

Well I should have kept my shorts but have closed and bought more at 38.53 and 39 calls,,,,

Mareket is inflating with money at low interest rates, appears to be alot of leverage coming into the market, this of course shows we learnt nothing from the resent past but equity inflation is, at this moment in time here.

China numbers are ramping up in double digits in the last few months and inflation data out today in China will show further positive movement/ data was more than expected.

Australia inflation will / should also move later this week show the same as the Rudd Ciggies and Alchol increases hit....

Gold prices should/ hopefully react to china CPI numbers later tonight when they wake up

Has been good sell down of NCM since Friday and with everyone expecting it to collpase,,,,,,,NCM will most likley do the opposit if gold can climb back over 1250.......

Money supply is also increasing in USA and China according to reports which should be a positive for GOLD