interesting take from mark pervan of anz

He thinks Gold is at an interesting juncture at the moment, some longs came back into the market last week, Au may go from being a currency (weak USD) play as he believes it has been in the recent past to once again becoming an inflation play in the next 5-10 years as these massive amounts of fiat currency continue to be pumped into economies around the world. His belief is that sooner or later these chickens will come home to roost and that 'forward-thinking' investors may be positioning ahead of an up move that could come much quicker than many think it will. Sound familiar? I thought it might. Anyway, if he was not fully bullish today, he wasn't too far off it. Au still up for the day, not much else is. A technical win, very interesting, if you're looking to buy, it may be wise to not wait too long.