Indian election result could have a big impact on...

Indian election result could have a big impact on sentiment.

Putin is taking greater control re the Crimea and the implications of sanctions starting to work against the EU alliance will cool things down a lot this week. If the US up the anti to overcome this then either way will be positive for higher gold.

MSM did a good job to stop the $US from tanking further in recent days, but if it cannot be held by mid week, a further fall will also be gold positive.

If it breaks up with the points above pannimg out, then an attack of the 1340 could happen this week.

We'll see.