Is that a light at the end of the US economic recovery tunnell OR is it a freight train on track to derail it???
With crude oil having now broken through $35 a barrell that recovery may well prove illusionary.
The US$ will soon again be under relentless pressure and gold will begin its next, most impressive bull phase whereby it begins its rise in major world currencies other than the US$ ... (and "yes", that will include gold price rises in Aussie$ terms).
The next phase of the gold bull will be the one to watch - this temoprary retracement, in my view, is not the time to sell .... rather, it is a time to pick up some judicious gold and silver bargains.
