Atlunch,seems we're right about the lease rates...funny enough...

Atlunch,

seems we're right about the lease rates...funny enough they are very counterintuitive to the gold price atm. Are a few big players taking the pog down one last time before they fabricate a rally? Calls would be picked up very cheaply here - bang for your buck type of scenario.

$US is way over bought and golds relationship to oil has been out-of-whack for many months. The XAU and Aussie goldies have foretold this drubbing for some time, amazingly the pog in $AU is holding firm. Again, counterintuitive...maybe the $AU pog gets slammed from here too? That would mean the $US falls or stays flat and the pog drops significantly, I personally don't see that happening not with oil holding firm above $100.

IMO we will see a gold bottom in the next few days and lease rates to spike for confirmation?

I'll be drinking VB to celebrate because that's all I can afford atm LOL - VB for the v-bottom perhaps?