between the gold stocks having already been sold back 50%+ of the recent rally, the very small falls/unchangeds in US gld/silvers overnight and the almost hammer like moves in gold overnight - i tend to agree. quite different behaviour to when it was peeling off 3 months ago
fundamentally id say it turns on march qtrly gdp figures. new york fed forecating 3% but morgan stanley saying hard data hasnt been lifting - only sentiment- which new york fed model captures
so day to buy gold is probably next tues-thurs on view data disappoints somewhat