Still no guarantee we are going higher without another drop in...

Still no guarantee we are going higher without another drop in gold price first. Drop to 1180-1200 still on the table and could happen soon or could even be a little protracted getting there. Need forceful break higher to eliminate that possibility. Would have been good if could have managed that yesterday as gold and silver were sitting at similar thresholds (i.e. silver had caught up). If it drops then really want Moy to show enough strength to hold 30c until gold rebounds - hopefully the real deal at that point and around 30c Moy is well positioned to benefit from the coming rally.

Some great analysis of AUDUSD:
http://seekingalpha.com/article/4043373-sentiment-speaks-aud-usd-multi-year-low-likely-place

... can't rely on dropping AUD to bolster gold price - it needs to be gold rising independently of USD.