Daytrading January 11 afternoon, page-2

Cheers HLL.

GOLD. Hi Rockstar. Gold price is still looking pretty weak, albeit that stocks like SAR and SBM have done really well.

We would need to see PoG break thru US$1180 and then go strong thru $1200 before you could call a break of downtrend. Even break $1160 would be a good start.

I can't see how market conditions and the low PoG could be any better for gold to break out than now. If it doesn't start to move soon I would be thinking there is just has structual weakness in the whole gold/precious metals area.

There may be the expectation that PoG needs to test US$1000 that is also keeping a lid on things.

But this current run of market stress doesn't kick gold up then I don't know what will.

Cheers