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short interest increased in GDX 39PC in JAN,,,,sweeeeeeeeeeet...........plenty of fuel to reverse this, but of course solid move by USD on DATA. Data is interesting because on the way up we ignored the DDMonkeys because it didn't matter about the jobs number it only mattered about headline, and the headline rate increased.

Notwithstanding that, no reason for Gold not to move in the currency environment, low rates, all going lower, (except USA that apparently is going to increase .25PC) more programs of free money coming up in TLRO in MARCH simply make gold more attractive.

Euro short covering to 115ish
Aud up despite cuts
USD and long term rates move as PBOC cuts, Norway negative

When the cover it will be great, but of course Monday big big collapse,ddddoooooooom in Gold price.

Gold is actually yielding in some countries,,,you want to hold you money in the bank in swiss or Norway and yield -.75,,,or you want to own Gold which is .75Pc better off

Interesting times, no doubt another flush as it appears Gold is Finished in the short term.